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Posted on 04/07/2024

Asia-Pacific markets set for higher open as Nasdaq, S&P 500 continue record run; Hong Kong and Australia data in focus

Investors are looking ahead to PMI data from Hong Kong and Australia's trade data for May set for release later today.

Posted on 04/07/2024

Hong Kong airport bounces back to HK$1.61 billion net profit after 3 years of losses during pandemic

Hong Kong airport has staged a strong post-pandemic recovery, bouncing back to a net profit of HK$1.61 billion in 2023-24 after three straight years of losses, with its management reviewing its debt ...

Posted on 04/07/2024

Hong Kong To Review Virtual Asset Activities

The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have announced a review of existing regulations for Virtual Asset activities. This move signifies Hong Kong's ...

Posted on 04/07/2024

Hong Kong police take HK$4.5 million in fake HK$1,000 banknotes out of circulation

Two men, 37 and 43, arrested after officers find millions in fake notes hidden in luggage at Tsim Sha Tsui hotel Hong Kong police have arrested two men at a hotel after they seized more than HK$4.5 ...

Posted on 04/07/2024

Researchers in Hong Kong eye far side of moon soil samples from China’s Chang’e-6 mission

Polytechnic University also says it recently secured loan of lunar soil samples collected by Chang’e-5 mission in 2020.

Posted on 03/07/2024

Hong Kong publishes legislative proposals to ease path for firms to redomicile in city

The introduction of the regime is of great significance in Hong Kong’s corporate governance policy, and will turn the city “into a cornucopia of enterprises that draws in foreign companies”, Secretary ...

Posted on 03/07/2024

Hang Seng Survey: Breadwinner of a Hong Kong Family Manages Finances for an Average of 3 Family Members

Rannie Lee, Head of Wealth and Personal Banking at Hang Seng Bank, said, "Hong Kong residents have broader needs for banking services and wealth management. They need to plan not only their finances ...

Posted on 03/07/2024

Hong Kong to Review Crypto Rules as Industry Evolves, Says Finance Secretary

According to the finance secretary, Hong Kong will review its crypto regulations as needed to adapt to industry changes.

Posted on 03/07/2024

Airport Authority of Hong Kong reports net profit of HK$1.61 billion in 2023-24

Hong Kong airport has staged a strong post-pandemic recovery, bouncing back to a net profit of HK$1.61 billion in 2023-24 after three straight years of losses, with its management reviewing its debt ...

Posted on 03/07/2024

PwC names new China head amid regulatory scrutiny

PricewaterhouseCoopers (PwC) has named in-house executive Daniel Li as its new China head, a move that comes as it faces investigations by financial regulators in mainland China and Hong Kong. PwC ...

Posted on 03/07/2024

Hong Kong: Social workers targeted, a new ‘danger’ to national security

Hong Kong’s welfare secretary called for the depoliticisation of the sector after so many social workers backed the 2019 demonstrations. The most vulnerable will pay for this in a society where the ...

Posted on 03/07/2024

Hong Kong retailers need to change their ways to stop sales slide, industry experts say

Retail sales in Hong Kong have slumped by double-digit figures for two months in a row as consumers change the way they shop.

Posted on 03/07/2024

Detailed plans ‘not needed’ from companies keen on Hong Kong tech hub: government

Companies wanting to set up shop in Hong Kong’s proposed innovation hub near the border with mainland China will not be asked to submit detailed design plans to the Town Planning Board for approval, ...

Posted on 03/07/2024

Hong Kong Stocks: Alibaba Boosts Stock Buyback Amid Selloff; Shares Gain

Among the key news on Hong Kong stocks, Alibaba Group Holding Limited (HK:9988) completed a share buyback of $5.8 billion in the first quarter ...

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