New World Development Co., Hong Kong’s most indebted major property developer, expects to post its first annual loss in two decades after writing down assets following an extended real estate slump.
Hong Kong’s Cathay Pacific to buy back HK$1.53 billion in warrants issued to government
Hong Kong flag carrier Cathay Pacific Airways has entered into an agreement to buy back over HK$1.53 billion (US$196 million) in warrants it issued to the government as part of a bailout package ...
Hong Kong year-on-year retail sales shrink again, by 11.8% in July, after summer exodus
Provisional figures from authorities record dip for fifth consecutive month, with roll-out of new e-commerce initiative aimed to limit decline.
Hong Kong’s Economic Woes Deepen: Earnings and Employment Under Strain
Hong Kong's economy faces significant challenges, with resident earnings and employment declining in the second quarter. Median incomes have dropped, businesses are cutting payrolls, and unemployment ...
Nomura plans to add bankers in Dubai, Hong Kong and Singapore
Nomura Holdings Inc plans to hire more wealth management bankers in Dubai, Hong Kong and Singapore - part of a huge push it is making to boost wealth assets outside of Japan to $35 billion by next ...
Hang Seng continues to back Hong Kong’s business community with new funding initiatives
Bank offers city’s small and medium-sized enterprises finance, innovation and sustainability to help them seize cross-boundary opportunities.
Foreign governments criticize Hong Kong’s convictions of journalists in sedition case
The convictions of two Hong Kong journalists who led a now-shuttered online news outlet have deepened concerns of media groups and foreign governments over the city’s press freedom ...
Viral F&B brands Bakehouse, Coa and Elephant Grounds have conquered Hong Kong … can they take China, too?
Bakehouse's egg tarts are already being resold in Lo Wu - can Hong Kong's F&B venues expand into China without losing their allure? On any given day of the week, a queue of hungry patrons can be seen ...
Hong Kong court convicts former editors of shuttered Stand News outlet of sedition
He said the city, which had historically prized itself as an Asian magnet for business and finance, appeared to have suffered a complete reversal of fortunes. "This is a Hong Kong that's fundamentally ...
‘Leave a record’: the Hong Kong news editor found guilty of sedition
"For a society like Hong Kong that is not fully democratic, a robust free speech environment is all the more important." Business-friendly Hong Kong, a former British colony, was once considered one ...
Hong Kong journalists convicted of sedition for first time since China handover
A Hong Kong court has found two editors of the now-defunct Stand ... has led to self-censorship and further repressed opposition voices, but others say it's business as usual and life remains ...
Hong Kong Editors Convicted of Sedition in Landmark Press-Freedom Verdict
The first such convictions in decades concern articles about political opposition published by Stand News, a top source of information about 2019 protests.
Hong Kong firms with smaller salary budgets double amid inflation, economic woes: study
The average worker can expect a pay hike of 4 per cent next year, while data science and business intelligence professionals could see a raise of up to 8.3 per cent, WTW study says.
Western airlines were excited about returning to China after Covid. But not anymore
Hong Kong CNN — When China finally reopened its borders after ... airlines recovered international capacity from China,” said Steve Saxon, a partner at McKinsey, who leads the consulting firm’s China ...