Hi, it’s Alexandra Muller in London and Filipe Pacheco in Hong Kong. As noted in Thursday’s newsletter, some folks are starting to become more optimistic about M&A in Asia. The same can’t be said for ...
Hong Kong revises down full-year growth forecast to 3.2%, expert warns geopolitical tensions, high interest rates to affect economic outlook
Government economist Adolph Leung warns worsening external environment will continue to affect city’s economic outlook.
Chinese Estates’ Joseph Lau says he would not dare buy property amid high interest rates in Hong Kong
The property magnate and Chinese Estates founder says high interest rates are forcing businesspeople to recalculate their investments and potential returns. ‘It’s better to hold on to the money now.’ ...
Hong Kong poised to attract more of Asia’s wealth as measures draw family offices: JPMorgan’s Hong Kong CEO
Hong Kong is probably going to be one of the biggest wealth centres in the world, and Singapore is catching up very quickly,’ says Harshika Patel.
Senior Beijing official in Hong Kong hits out at US lawmakers’ proposed sanctions, rejecting accusations over national security law
Liu Guangyuan, deputy director of central government’s liaison office in the city, says national security law’s implementation has improved business environment.
Hong Kong’s first green loan for logistics sector, worth US$1.13 billion, will finance cold storage facility in Kwai Chung
ESR Group, a real estate services and investment company, and property firm Chinachem Group have secured Hong Kong's first green loan for a logistics facility, worth HK$8.8 billion (US$1.13 billion).
Ransomware attack on China’s biggest bank may have hit US Treasury market
A US unit of the Industrial and Commercial Bank of China (ICBC) was hit by a ransomware attack this week that disrupted some of its systems, reportedly hitting liquidity in US Treasuries which may ...
Jimmy Lai: Hong Kong hits back after 10 overseas Catholic leaders attack ‘persecution’ of tycoon
Government says Catholic leaders’ petition calling for release of Jimmy Lai is ‘misleading and slanderous’ and accused the clerics of undermining rule of law.
Hong Kong Q3 GDP expands 4.1% y/y, growth forecast revised lower
Hong Kong's economy expanded 4.1% in the third quarter from a year earlier, the government said on Friday, adding that inbound tourism and private consumption would underpin growth for the rest of the ...
Hong Kong Lowers 2023 GDP Expectations as Recovery Sputters
Hong Kong lowered its economic growth forecast for this year in a sign that tough times are still ahead for the financial hub amid a muted post-pandemic recovery.
Hang Seng index punched as Hong Kong, China risks keep coming
The Hang Seng index record of underperformance continued this week as concerns about the Chinese economy continued. The index has dropped for four straight days and is now nearing the lowest level in ...
Invesco overweight on China, likes some Hong Kong REITs
Global asset manager Invesco is overweight on Chinese assets in its Asian funds and adding exposure to Hong Kong's beaten-down real estate sector where dividend yields are lucrative, according to one ...
Hong Kong’s MTR Corp conducts deep cleaning on Airport Express train after viral photo shows small insect on passenger seat
Henry Cheng from Ivy Pest Control Corporation says insect in photo is bedbug of Cimex lectularius species, warning it will be hard to prevent the pests on trains.
6 top tech innovation activities at Hong Kong’s Jumpstarter 2023 Tech by the Harbour
Sponsored article] There is nothing like a festival to bring people together to be inspired and, when it comes to tech festivals, there is nothing like Hong Kong’s Jumpstarter 2023 Tech by the Harbour ...