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Posted on 01/03/2024

Hong Kong overnight visitor spending dropped 37% during 2023 and will fall further to 2019 levels, Tourism Board says

The board said on ...

Posted on 01/03/2024

Hong Kong Property Agent’s 30% Jump May Extend as Buyers Return

Midland, as the only property agency publicly traded in Hong Kong and thus a proxy of the sector, stands to be a main beneficiary if such recovery comes to fruition.

Posted on 01/03/2024

Hong Kong aims to boost global edge with new Budget, but faces challenge in returning to glory days

Hong Kong Financial Secretary Paul Chan in his Budget speech on Feb 28 said the short-term goal is to stabilise confidence “so as to resist the impact brought about by the weak market resulting from ...

Posted on 01/03/2024

Exclusive-Deutsche Bank to file liquidation suit against Chinese developer Shimao, sources say

Deutsche Bank is preparing a liquidation lawsuit in Hong Kong against Chinese developer Shimao Group, two sources said, in a rare move by a foreign firm that comes amid rising credit defaults and ...

Posted on 01/03/2024

‘Slippery slope once you start internet censorship’: US envoy warns Hong Kong moving to China-style curbs

Hong Kong is starting to go down the slope of trying to take certain content off the internet and blocking certain websites. It is kind of a slippery slope once you start that internet censorship.

Posted on 01/03/2024

For Hong Kong to go global, it could start by valuing the local

The budget speech underlined the government's commitment to promoting the city globally, but the focus on mega events might be misguided Local culture - from neon signs to tong lau - could serve as ...

Posted on 01/03/2024

Evergrande chairman’s second seized Hong Kong mansion put up for sale

A second mansion in Hong Kong that once belonged to China Evergrande Group's chairman has been put up for sale by its receivers, according to property agent Savills.

Posted on 01/03/2024

PwC Hong Kong and watchTowr forge strategic cybersecurity partnership

SINGAPORE, March 1, 2024 /PRNewswire/ -- watchTowr, a global cybersecurity technology start-up, is excited to announce a strategic partnership with PwC Hong Kong ("PwC"). Headquartered in Singapore ...

Posted on 01/03/2024

JPMorgan picks HSBC, StanChart to run $500 billion custody business in Hong Kong, Taiwan

JPMorgan Chase has selected HSBC and Standard Chartered to operate its custody businesses in Hong Kong and Taiwan, with assets worth more than $500 billion, a spokesperson for the U.S. bank said.

Posted on 01/03/2024

Hong Kong’s Lantau Tomorrow plan delayed by 2 to 3 years, finance chief Paul Chan reveals, authorities to focus on Northern Metropolis scheme instead

Announcement of delay comes as city expected to record its fourth deficit exceeding HK$100 billion Chan says government needs to complete feasibility studies and come up with mitigating measures for ...

Posted on 01/03/2024

Hong Kong attracts 22 applicants for crypto exchange licences

The world’s largest exchange Binance was absent from the list, as was Coinbase and Kraken. Read more at straitstimes.com.

Posted on 01/03/2024

US Envoy Warns Hong Kong Is Moving to China-Style Internet Curbs

The top US diplomat in Hong Kong sounded the alarm over growing internet censorship in the city, underscoring fears China’s crackdown on freedoms is diminishing the hub’s appeal as a global finance ...

Posted on 01/03/2024

HSBC HOLDINGS Buys back 6.95M+ Shrs for HKD422M Ytd

HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 6.9515 million shares of the company yesterday (29 February) in the UK and Hong Kong markets for a total amount of... HSBC HOLDINGS ...

Posted on 01/03/2024

Hang Seng Bank expresses support of budget measures for SME, financial market

Amongst initiatives were the advancement of digital finance and support for SMEs. Hang Seng Bank has expressed support for the Hong Kong government’s new budget measures, particularly those designed ...

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