Slim prospects for a near-term revival in commercial property and fewer sources of raising fresh capital mean more developers will struggle to meet repayments.
Africa’s Wealthy Families Are Taking A Closer Look At Hong Kong
As Africa’s economic ties with China deepen, high net worth individuals on the continent are exploring new opportunities to manage their wealth. Hong Kong, as part of China yet distinct in its legal ...
A 200% Stock Surge Makes Leapmotor China’s Next EV Rising Star
The carmaker’s Hong Kong-listed shares have doubled since January — outpacing better-known peers XPeng Inc. and Xiaomi Corp. — and have surged more than 200% from a low in August last year. The ...
Analysis-Hong Kong property sector clouded by rising debt repayment risks
HONG KONG (Reuters) -Hong Kong's debt-laden developers and their creditors are set to face intensifying financial pressure as bond maturities are slated to jump by nearly 70% next year amid falling ...
HSBC Announces Significant Share Buy-Back and Cancellation
The latest announcement is out from HSBC Holdings ( (GB:HSBA) ).
Hong Kong’s Property Crisis: Mounting Debt and the Ripple Effect
Hong Kong developers face mounting financial pressure as bond maturities rise nearly 70% next year. Falling property values and limited capital access threaten economic stability. Road King's bond ...
Hong Kong property sector clouded by rising debt repayment risks
Hong Kong's debt-laden developers and their creditors are set to face intensifying financial pressure as bond maturities are slated to jump by nearly 70% next year amid falling sales and valuations ...
Hong Kong democrat Jimmy Lai given heart monitor for final stretch of marathon trial
Hong Kong pro-democracy businessman Jimmy Lai was provided with medication and a heart monitor for the start of his final submissions in a landmark national security trial, following health concerns ...
Final stage of Jimmy Lai’s landmark national security trial resumes in Hong Kong
Beijing introduced the controversial national security law in Hong Kong in 2020, in response to pro-democracy protests that had erupted the year before. The law criminalises secession, subversion, ...
Klook taps banks for US IPO, sources say
Klook, a travel booking services company, has hired investment banks to help arrange a potential initial public offering in the U.S., according to two people with knowledge of the matter. The Hong ...
HSBC-Owned Hang Seng Bank Limits Crypto Companies to ‘Simple …
A report from the Hong Kong Economic Journal quotes the director of commercial and customer services at HSBC-owned Hang Seng Bank as saying that while licensed crypto companies can open a bank ...
A bad bank for Hong Kong is far from unthinkable | Reuters
Such disposals will up the pressure on lenders. For instance, the $30 billion Hang Seng Bank (0011.HK) - majority-owned by HSBC - has 36% of its book allocated to Hong Kong properties.
Exclusive: HSBC to improve ties with Hong Kong unit Hang Seng to …
HONG KONG/SHANGHAI, Feb 16 (Reuters) - HSBC (HSBA.L) plans to tighten risk management at Hong Kong unit Hang Seng Bank (0011.HK) due to worries about a potential rise in bad loans amid growing ...
EXCLUSIVE-HSBC to improve ties with Hong Kong unit Hang Seng to …
By Sumeet Chatterjee, Engen Tham and Selena Li HONG KONG/SHANGHAI, Feb 16 (Reuters) - HSBC HSBA.L plans to tighten risk management at Hong Kong u nit Hang Seng Bank 0011.HK due to worries about a ...