(RTTNews) - The Hong Kong stock market turned lower again on Wednesday, one day after snapping the two-day losing streak in which it had tumbled almost 800 points or 4 percent. The Hang Seng Index now ...
SMIC, Alibaba lead tech slide in Hong Kong as market braces for new US curbs while the Israel-Hamas war saps risk appetite
Stocks retreated as investors braced for new US curbs on technology exports to China. China’s economy probably slowed last quarter, according to forecasts before an official report this week.
Hong Kong Witnesses A Negative Paradigm Shift On Crypto Following JPEX Saga, Survey Reveals
Also, the response from the survey revealed the soured sentiment that the Hong Kong public now has toward the crypto industry. The university (HKUST) noted that the recent survey came after the ...
Luyuan Cruises Out Of IPO Gate On Zooming Electric Two-wheeler Sales
Last Wednesday, the company raised about HK$706 million ($90 million) in a Hong Kong IPO, with plans to use the funds to boost product and development, and enhance its sales channels and production ...
Hong Kong’s crypto sentiment plummets after JPEX scandal: Study
A recent survey conducted by The Hong Kong University of Science and Technology’s business school has revealed a significant shift in public sentiment toward cryptocurrencies following the JPEX crypto ...
Hong Kong’s MPF retirement scheme ranks second best in Asia behind Singapore’s amid investment losses: Mercer
The Mandatory Provident Fund is the best regulated pension scheme in Asia, but trails Singapore in providing retirees with adequate funds Globally, Singapore's scheme ranks seventh, Hong Kong 21st and ...
Bill Ackman’s Hong Kong dollar (USD/HKD) short is not going well
The Hong Kong dollar (USD/HKD) has done relatively well this year even as the US dollar index (DXY) jumped to the highest level in months. It has also performed well even as many emerging market ...
Hong Kong’s affluent become millionaires at an average age of 33, HSBC Premier survey suggests
A study by HSBC suggests that about six per cent of respondents have already hit the HK$10 million mark by the age of 45. The bank’s wealth management services can help individuals meet their ...
Hong Kong Shares May Open In The Red
The Hong Kong stock market on Tuesday wrote a finish to the two-day losing streak in which it had tumbled almost 800 points or 4 ...
Survey: HK Affluent Class People Become Millionaires at Age of 33 on Average
According to a survey conducted by HSBC, affluent class people in Hong Kong become millionaires at the age of 33 on average, and they are also confident that they can earn $10 million at the age of 62 ...
Chinese PE Firm Cherami Considers Hong Kong IPO in 2024, Sources Say
Chinese private equity firm Cherami is considering an initial public offering in Hong Kong as soon as next year, according to people familiar with the matter, potentially joining peers such as Tian Tu ...
Hongkong Land named global sector leader despite stiffer Gresb competition
HONGKONG Land Holdings topped a well-tracked environmental, social and governance (ESG) benchmark for the real estate sector for the first time this year, despite stiffer competition all around. Read ...
Hong Kong’s Currency Peg Is Aging—But Not Done Yet
Hong Kong’s currency peg is now 40 years old. That means aches, pains and some questions about an early retirement. The city started pegging its currency against the U.S. dollar on Oct. 17, 1983.
Two Hong Kong banks facing record fines for short-selling in Korea: report
South Korea’s FSS said they made short-selling deals worth KRW40b and KRW16b, respectively. Two Hong Kong-based investment banks are being fined by South Korea’s Financial Supervisory Service for ...