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Posted on 21/02/2024

HSBC pre-tax annual profit misses estimates on impairment costs; bank announces $2 billion further share buyback

HSBC's full-year 2023 pre-tax profit missed analysts' estimates on Wednesday, hit by impairment costs linked to the London-based lender's stake in a Chinese bank. Europe's largest bank by assets saw ...

Posted on 21/02/2024

Hong Kong Is Over Unless China Fixes Its Own Economy, Roach Says

China must fix its economy and let Hong Kong run itself if it wants a better future for the financial hub, former Morgan Stanley Asia Ltd. chair Stephen Roach said, after a pessimistic column he wrote ...

Posted on 21/02/2024

Hong Kong’s population edges up to 7.5 million, second year of post-COVID growth

Hong Kong's population rose 0.4% to 7.50 million in 2023, boosted by a net inflow of returning residents and people on residential schemes, the government said, as the financial hub marked its second ...

Posted on 21/02/2024

Shoddy work, aggressive tactics: Hong Kong home renovation industry needs accreditation system makeover, consumer watchdog says

Hong Kong’s home renovation industry is in dire need of a widely accepted accreditation system, the Consumer Council has said, following an investigation that found the trade was prone to problems ...

Posted on 21/02/2024

Hong Kong bankers earn up to 46% more than their Singapore peers

Analysts make an average of US$92,149 (S$123,831) a year in Hong Kong, compared with US$63,305 in Singapore Read more at straitstimes.com.

Posted on 21/02/2024

Foreign interference public inquiry commissioner withholds almost all applications for standing

Yuen Pau Woo and former Conservative leader Erin O’Toole for standing, but not Green co-leader Elizabeth May, ex-Liberal aide Chauncey Jung or Alykhan Velshi, the ex-Conservative aide who later worked ...

Posted on 21/02/2024

[INTERVIEW] Global private equity firm sees opportunities in power generation, transport in climate sector

Korea expected to play key role in future global growth of renewable technologiesDuring the past decade, Hillhouse Investment, a major global private equity firm (PEF) with its assets under management ...

Posted on 21/02/2024

Hong Kong bankers earn up to 46 per cent more than Singapore peers

FINANCE and technology professionals are generally better paid in Hong Kong than in Singapore, with investment-banking analysts earning 46 per cent more than in the South-east Asian city-state, ...

Posted on 21/02/2024

Is Hong Kong ready for the ‘NewSpace’ race? As satellite firm eyes Greater Bay Area, experts say city needs plan or risks missing out on multibillion-dollar industry

City's first satellite manufacturer, Uspace Technology Group, expects half of the units it produces annually will go to the Greater Bay Area, to spur digital transformation Hong Kong can only take a ...

Posted on 21/02/2024

Popular Hong Kong host Dodo Cheng pride of city for teaching Hollywood heartthrob Timothée Chalamet Cantonese in Dune sequel pre-release interview

Veteran city TV host gets much sought after interview with director, cast Cantonese chat a hit with fans ahead of sci-fi sequel hitting big screen Famous Hong Kong actress-turned-YouTuber Dodo Cheng ...

Posted on 21/02/2024

Westwell Announces the Establishment of International Headquarters and Overseas R&D Center in Hong Kong

Released by the HKSAR Government in December 2022, the "Hong Kong Innovation and Technology Development Blueprint" outlined 4 major directions for innovation and technology (I&T) development. Key ...

Posted on 21/02/2024

Hong Kong’s crypto licensing draws local financial giants

Less than a year since the Hong Kong gave the green light to cryptocurrency exchanges, there’s been a notable rush among established financial entities and brokerage firms to secure their spot in the ...

Posted on 21/02/2024

Hong Kong has long way to go to meet global hepatitis B elimination goal by 2030, health authorities say

About 410,000 people, or 5.6 per cent of Hong Kong's population, estimated to have been infected with virus WHO's global hepatitis strategy, announced in 2016, aims to eliminate viral hepatitis as ...

Posted on 21/02/2024

Hong Kong’s MTR Corp to begin installing platform screen gates at Fanling station as part of project to prevent falls on tracks

Hong Kong’s rail operator will begin installing automatic screen gates at platforms in Fanling station on Tuesday night during closing hours, as part of its project along the East Rail line to prevent ...

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