Financial Secretary Paul Chan says ongoing weakness in exports and fewer tourists in city have affected economy.
Four men rob Hong Kong jewellery dealer after crashing into his car on California expressway
A jewellery dealer from Hong Kong was robbed by a group of men in the US after they crashed their vehicle into his car, according to the California Highway Patrol. Four men in black ski masks driving ...
Thieves smash into car on the 10 Freeway and rob the driver, a jewelry dealer from Hong Kong
Thieves smashed into an Alfa Romeo on the freeway last month and robbed the driver, a jewelry dealer who left the U.S. the next day. No arrests have been made.
WuXi XDC eyes $470.5M IPO to fuel manufacturing expansions at home and abroad
WuXi XDC is planning to sell 178.45 million in shares in an upcoming Initial Public Offering (IPO) in a bid to rake in 3.68 billion Hong Kong dollars ($470.5 million), according to a prospectus filing (PDF). The stock is expected to start trading on the ...
Bankers sound alarm on more inflation, new financial crisis at Hong Kong summit
As more than 300 banking and investment executives gathered in Hong Kong to discuss “living with complexity” in the financial world, they ended up trading trepidations about an uncertain future. “My ...
Ex-UBS employee in Hong Kong jailed for 7 years for HK$14.7 million theft, money laundering amid Covid pandemic
A former UBS associate director in Hong Kong has been jailed for seven years for stealing HK$14.7 million (US$1.9 million) and laundering part of the illegal proceeds through the purchase of luxury ...
Hong Kong man dies, woman injured after motorbike crashes into flower bed
Driver, 23, killed after being flung from motorbike on Tam Kon Shan Road; passenger undergoing treatment at hospital for multiple injuries.
Hong Kong’s proximity to mainland China, ESG regulations put city in front to become green finance hub: fund managers
Hong Kong is a natural gateway to mainland China, where the funding needs to align businesses with ESG requirements are huge, Amundi's Valerie Baudson says; Hong Kong has mandator ...
Hong Kong economy to grow by 3-4% this year on slower-than-expected recovery in tourism and trade, finance chief warns
Financial Secretary Paul Chan says ongoing weakness in exports and fewer tourists in city have affected economy Chinese Vice-Premier He Lifeng tells high-powered summit that Hong Kong has Beijing's ...
China vows to ‘go all out’ to highlight Hong Kong’s role as key link between mainland and rest of the world
China's financial officials promised to "go all out" to highlight Hong Kong's "unique advantages" as Asia's financial powerhouse and as the mainland's link to the rest of the world. "Hong Kong has ...
Chinese leaders defend state of economy at global finance summit in Hong Kong
A trio of senior Chinese officials used a financial summit in Hong Kong on Tuesday to defend the state of the world’s second largest economy, telling Wall Street’s top executives that there was little ...
Wall Street CEOs Flocked to Hong Kong—and Kept Quiet on China
U.S. bankers, in the city for a conference, said almost nothing about mainland China—and even less about the geopolitical tensions that have made their jobs harder.
Banking chiefs say market vulnerable to ‘geopolitical escalation’, regulatory push
By Selena Li HONG KONG (Reuters) -Top global banking chiefs on Tuesday said they are concerned the financial sector's next crisis may come from rising geopolitical uncertainty which could test ...
Hong Kong IPO: WuXi Biologics to spin off contract research, manufacturing unit via US$520 million deal in biotech push
WuXi XDC, a 60 per cent-owned unit of WuXi Biologics, could raise as much as US$520 million, including excess share allotment, based on the top end of its IPO price range.