Financial secretary notes sluggish external economic environment and slower-than-expected post-pandemic recovery.
Hong Kong to launch pilot programme for data sharing with mainland China this year
Programme to focus on commonly used data, such as personal health records, banking details and business customer information Details revealed two days after city leader announced in policy address ...
Hong Kong stocks rise by most in 2 weeks, set for weekly gain as more Chinese companies join buy-back plans
EV battery maker CATL and home appliances maker Gree unveiled stock buy-backs in Shenzhen China Life Insurance tumbles 3 per cent, the biggest drag on the Hang Seng, after reporting a 99 per cent ...
Hong Kong may face over HK$100 billion fiscal deficit, finance chief Paul Chan warns
The Hong Kong government may face a fiscal deficit of more than HK$100 billion, the city’s finance minister has warned, citing a slow post-pandemic recovery and reduced revenue from land sales and ...
Hong Kong home prices at lowest level since 2017 as high interest rates deter buyers, weigh on transactions
Hong Kong’s lived-in home prices fell by nearly 1.75 per cent month on month in September to their lowest since April 2017, as elevated interest rates have dampened sentiment and pushed buyers to the ...
Ant-Backed Rural Lender Chongho Weighs $500 Million Hong Kong IPO
Chongho Bridge Credit Agricultural Group Co., a Chinese rural bank that offers microcredit and micro-insurance to small businesses, is considering a Hong Kong initial public offering that could raise ...
Hong Kong Shares Expected To Open Under Pressure On Friday
Hong Kong & China Gas fell 0.18 percent, Industrial and Commercial Bank of China collected 0.80 percent, JD.com advanced 1.50 percent, Lenovo strengthened 1.57 percent, Li Ning plummeted 20.70 percent ...
Hong Kong to record higher-than-expected deficit this year as shrinking income from stamp duties, land sales hurts public coffers: Paul Chan
Finance chief assures stakeholders that government has no plans to raise salary and profit taxes, expresses confidence in efforts to bring in companies to boost revenue.
Hong Kong finance chiefs seen favouring hybrid work arrangements with eye on ‘meaningful boost’ to firms’ bottom lines amid economic uncertainties, IWG says
City's CFOs are looking at cost savings 'as they brace for a potential local economic downturn and possible global recession', Swiss flexible office space provider says Not only does hybrid working ...
Mainland China & Hong Kong Outperform Asia As Buyback Bonanza Continues
Asia was a sea of red except for Mainland China and Hong Kong following US tech’s drawdown and the continuing crisis in the Middle East.
Courier J&T Global Express could raise as much as US$520 million from Hong Kong IPO after offering oversubscribed
J&T Global Express, an Asian courier service group based in Shanghai, could raise as much as HK$4.1 billion (US$520 million) from its initial public offering (IPO) after orders from investors exceeded ...
UPDATE 1-China’s net gold imports via Hong Kong fall 11% m/m in September
The Hong Kong numbers were also in contrast to official data showing that the People’s Bank of China extended its streak of central bank gold purchases to an eleventh straight month at end-September.
HSBC share price forms a worrying chart pattern ahead of earnings
HSBC (LON: HSBA) share price has pulled back in the past few weeks as investors remain concerned about its exposure to China. After peaking at 664p earlier this month, the stock has plunged by more ...
Hong Kong hopes a one-off $2500 check for new parents will help lift one of the developed world’s lowest birth rates
Families are having fewer children, if at all. Schools are closing due to a lack of students. And the city is still recovering from a years-long exodus of residents unhappy with political uncertainty ...