Hong Kong property developer New World Development (NWD) said lower rent income following a government plan allowing small firms to defer payments for up to six months will be offset by strong revenue ... ( read original story ...)
Bank of America executive to leave Hong Kong in Covid exodus
Bank of America’s co-head of global capital markets in Asia-Pacific is leaving Hong Kong after less than two years as harsh pandemic restrictions prompt an exodus of ... ( read original story ...)
Coronavirus: Hong Kong finance chief Paul Chan to work from home after helper at official residence tests positive for Covid-19
Helper at the financial secretary's residence test preliminarily-positive, while swab tests on Chan, his family members and other workers returned negative results Spokesman says helper, who last ... ( read original story ...)
Hong Kong Virus Cases Set to Surge as Record Outbreak Worsens
Hong Kong is set to report almost 22,000 virus cases on Friday, local media said, as officials struggle to contain the city’s worst ever outbreak and residents prepare for mandatory mass testing next ... ( read original story ...)
Strong fiscal reserves reflect underlying strength of Hong Kong’s economy
KPMG welcomes the Hong Kong SAR government's budget (the "Budget") which will provide assistance to industries and individuals affected by the ongoing COVID-19 pandemic. Despite the forecasted budget ... ( read original story ...)
Chinese firm to build COVID facilities as Hong Kong infections spiral
HONG KONG (Reuters) -Hong Kong has contracted a Chinese firm to build eight isolation and treatment facilities to help fight a worsening COVID-19 outbreak, as the government said on Friday daily cases ... ( read original story ...)
Hong Kong’s First SPAC Wins Exchange Approval for IPO, Sources Say
A blank-check company backed by China Merchants Bank Co.’s overseas asset management arm has become the first to win approval for an initial public offering in Hong Kong, according to people familiar ... ( read original story ...)
Hong Kong budget: Paul Chan’s forecast of a quick recovery from Omicron is just not realistic
The financial secretary acknowledged the impact of the Omicron wave but expected a swift recovery in the rest of the year With a zero-Covid policy in place, can Hong Kong really reopen to the mainland ... ( read original story ...)
Hong Kong and Singapore virus response a tale of two very different cities
Rivals Singapore and Hong Kong have become pandemic polar opposites, the former opting to live with the coronavirus and reopen to the world while ... ( read original story ...)
Fourth Paradigm Tech refiles for Hong Kong IPO
Beijing Fourth Paradigm Technology Co, an artificial intelligence software developer, has resubmitted a draft IPO prospectus in Hong Kong after its initial application expired. The Sequoia ... ( read original story ...)
Relief for Hong Kong’s middle-class families through tax breaks, rates concessions, and e-vouchers to spend too
For one working couple, budget measures add up to more than HK$85,000 in reliefs, savings, handouts Young mum hopes government can consider offering 'practical help' such as school fee waivers too ... ( read original story ...)
Bank of America executive to leave Hong Kong as exodus continues
Bank of America’s co-head of global capital markets in Asia-Pacific is leaving Hong Kong after less than two years as harsh pandemic restrictions prompt an exodus of ... ( read original story ...)
Hong Kong’s surprise surplus: were numbers ‘distorted’ to avoid deficit? Economists question adding proceeds from bonds, fund transfers
Hong Kong government has made a habit of 'underestimating surpluses, overestimating deficits' Economist calls for more transparent profit tax regime and a crackdown on corporate tax evasion Financial ... ( read original story ...)
Why Hong Kong Is Now One of the Worst Places to Be in Covid Era
Hong Kong fell to second last among the 53 places scored in Bloomberg’s Covid Resilience Ranking in February, marking a rapid decline over the past few months. ( read original story ...)