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Category: BUSINESS

Posted on 22/09/2020

Hong Kong’s role of bridge between mainland, world incomparable: HKSAR gov’t official

government Paul Chan said on Tuesday that Hong Kong continues to be the unique business bridge between the mainland and the rest of the world. Chan made the remarks at a webinar entitled "How Hong ... ( read original story ...)

Posted on 22/09/2020

Hong Kong investors welcome Chinese ‘homecomings’ from New York

unsubstantiated statements and misleading conclusions regarding the company's business and operations," the company said. U.S.-listed Chinese companies are looking at Hong Kong as a possible ... ( read original story ...)

Posted on 22/09/2020

Chinese EV startup WM Motor raises $1.47bn in biggest funding round

HONG KONG -- Electric vehicle startup WM Motor, one of China's ambitious challengers to Tesla, said it raised 10 billion yuan ($1.47 billion) from a group of state-backed investors -- among others ... ( read original story ...)

Posted on 22/09/2020

EXCLUSIVE-Hong Kong-listed semiconductor maker ASM Pacific plans to go private – sources

Hong Kong-listed semiconductor equipment manufacturer ASM Pacific Technology Ltd is in talks with potential investors to help take it private, people with direct knowledge of the matter told Reuters. ( read original story ...)

Posted on 22/09/2020

Hong Kong Extends Social Distancing Measures for Another Week

Hong Kong will extend virus-related social distancing measures for another week amid persisting signs of hidden Covid-19 transmission, Chief Executive Carrie Lam said. ( read original story ...)

Posted on 21/09/2020

Top 100 Financial Employers in Hong Kong by www.willyouth.org

Top 100 Financial Employers Guidebook in Hong Kong' is launched on an online youth platform by Will-Foundation, a startup firm in Cyberport, Hong Kong. ( read original story ...)

Posted on 21/09/2020

Hong Kong stocks fall most in two months amid simmering US-China tensions as HSBC slumps to lowest since 2009

HSBC weighs down the Hang Seng Index as bank tumbles to the lowest level since 2009 amid concerns about Beijing punishment and an investigative report linking it to some fund movements offshore. ( read original story ...)

Posted on 21/09/2020

Smart city business opportunities in ASEAN countries

In the Spanish IESE Business School's global smart city ranking, Hong Kong was ranked the 10th among 174 cities in the world, and the 3rd in the Asia-Pacific region. The top five in the Asia-Pacific ... ( read original story ...)

Posted on 21/09/2020

Hong Kong and China stocks fluctuate as traders keep an eye on US-China tension and fiscal stimulus package

HSBC weighs heavily on Hang Seng Index, heading for its lowest close since 1995, as the UK bank has been whipsawed by a range of issues on several fronts. ( read original story ...)

Posted on 20/09/2020

Hong Kong developers rebuild cash hoard to prepare for new opportunities amid biggest market correction in four years

Some of Hong Kong developers are building up their cash hoard by selling noncore assets, eyeing new opportunities and bargains amid the longest stretch of market correction since at least 2016. ( read original story ...)

Posted on 19/09/2020

Covid-19: no more wage subsidies for businesses, Hong Kong’s No 2 says, even as unemployment woes rise, with city facing 14 new infections

Chief Secretary Matthew Cheung warns worst is yet to come, but government spending already stretched in two tranches of wage aid. ( read original story ...)

Posted on 19/09/2020

Hong Kong bars open to brisk business on Friday after two-month closure amid third wave of Covid-19 infections

Hong Kong’s loss-making bars and pubs woke up to brisk business on Friday evening after weeks of closure as social-distancing restrictions were relaxed, with customers happy to be out for a round or ... ( read original story ...)

Posted on 19/09/2020

Hong Kong employers who did not use Covid-19 wage subsidies to retain or pay staff ‘should face higher penalties’

Nearly one-fourth of those who joined the Employment Support Scheme, a major Covid-19-related relief measure, have sacked staff or failed to use all the aid to pay their wages. ( read original story ...)

Posted on 18/09/2020

Hong Kong Urged to Boost Stimulus Using Fiscal War Chest

Hong Kong’s government is drawing fresh criticism from economists and business advocates who say a third round of virus relief stimulus doesn’t go far enough. ( read original story ...)

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