Hong Kong stocks tumbled more than one percent at the open Wednesday after Federal Reserve boss Jerome Powell warned the bank will continue to hike interest rates as it tries to quell inflation.
Hong Kong’s Octopus plans to double investments, spend millions on consumption voucher offers, new chairwoman says
Octopus has no plans to seek initial public offering, non-executive chairwoman Jeny Yeung says Yeung adds use of Octopus UnionPay increased after reopening of border with mainland China Hong Kong's ...
Hong Kong’s global financial status is at risk, report says
Beijing is changing Hong Kong's political norms, raising new concerns about the institutions underlying the city's previous prosperity and potentially putting its status as a global financial hub at ...
Hong Kong loses lustre as retail units go vacant and big brands look to China
Angel Woo and Donny Kwok in Hong Kong, Sophie Yu in Beijing, and Mimosa Spencer in Paris; Writing by Miyoung Kim; Editing by Tom Hogue Our Standards: The Thomson Reuters Trust Principles.
Hong Kong stocks end on negative note
Hong Kong stocks closed in the red on Tuesday, reversing morning gains, as investors nervously await Federal Reserve boss Jerome Powell's testimony ...
Shenzhen facilitates e-CNY services
More e-CNY self-service machines for e-CNY wallet card issuance will be put into use this week in Shenzhen, Guangdong province, as the novel, cross-border payment channel is well-received by Hong Kong ...
Hong Kong Fintech start-up On-us launches zero-waste voucher solution as event engagement tool to eliminate waste and promote sustainability
On-us Company Limited ("On-us" or the "Company") is proud to announce the launch of its innovative zero-waste event engagement solution aiming to drive participation and foster connections among ...
Hong Kong stocks rise on energy gains; China shares mixed
Hong Kong stocks climbed on Tuesday, led by energy shares, amid global oil supply concerns and improving demand in China. China stocks were mixed. China's blue-chip CSI 300 was down 0.1% at the lunch ...
Mobius’s Bank Headache Highlights Scrutiny on China Outflows
Emerging markets investor Mark Mobius is discovering what many residents of China have known for months or even years: It has becoming increasingly difficult to transfer money out of the country.
Hong Kong Shares May See Mild Upside On Tuesday
The Hong Kong stock market has moved higher in two straight sessions, collecting more than 170 points or 0.8 percent along the way.
Losses from cryptocurrency scams double to HK$1.7 billion in Hong Kong last year, with 67 per cent spike in cases
According to police, 2,336 cryptocurrency-related scams reported in Hong Kong last year One female vice-president of fashion company duped out of digital tokens worth HK$6 million trying to buy kitten ...
SoftBank-Backed CloudMinds Is Said to Weigh $500 Million HK IPO
Artificial intelligence-powered robot developer CloudMinds Inc. is considering a Hong Kong initial public offering that could raise as much as $500 million, according to people familiar with the ...
Hong Kong likely to ease valuation, track record proposals for ‘specialist Big Tech’ IPOs in latest reform plan, sources say
The minimum valuation for pre-revenue tech companies could be set between HK$10 billion and HK$12 billion, versus HK$15 billion in reform proposal The Chamber of Hong Kong Listed Companies supports ...
Hang Seng Bank celebrates 90th anniversary
A celebratory event was held with Hong Kong’s chief executive and the bank’s chairman and CEO. Hang Seng Bank has marked its 90th anniversary since it was first founded. The bank first opened its ...