Taiwan shut offices and canceled flights across parts of the south on Wednesday as Super Typhoon Saola sweeps past the island’s southern tip, heading toward the Chinese coast after battering northern ...
Pressure on China’s Property Market Builds as Country Garden Faces Fresh Stress
Country Garden Holdings (ticker: 2007.Hong Kong), one of China’s biggest property developers, is due to report earnings for the first half on Wednesday after missing interest payments on its bonds ...
Guangzhou eases mortgage rules, banks flag risks as China steps up efforts to revive property sector
Guangzhou on Wednesday became the first major Chinese city to announce an easing of mortgage curbs and the country's top banks flagged mounting risks from property sector turmoil, as Beijing ramps up ...
Bank of China says some regional LGFVs have defaulted
HONGKONG : The Bank of China said on Wednesday that some regional local government financing vehicles (LGFV) have defaulted and the lender's asset quality has deteriorated. Chief Risk Officer Liu ...
Chinese banks ICBC, BOC post sluggish profit growth
BEIJING/SHANGHAI/HONG KONG (Reuters) -Two of China's biggest banks on Wednesday ... Industrial and Commercial Bank of China Ltd (ICBC), the country's biggest lender, said in a filing its net profit ...
Hong Kong stocks gain as HKEX, Longfor rally amid market-boosting measures while Xiaomi lifts earnings optimism
Stocks sustain a rally as HKEX and Longfor lead gainers amid bets on more market-boosting measures. Investors are turning less bearish as policymakers begin to address a slump in confidence.
Crypto Bank Seba Wins In-Principle Approval to Operate in Hong Kong
Seba, a crypto bank based in Switzerland, said it won approval-in-principle (AIP) from Hong Kong's Securities and Futures Commission (SFC) for its regional subsidiary as it looks to extend its ...
Chinese EV start-up Hozon raises US$960 million in pre-IPO financing, looks to expand footprint at home and abroad
Shanghai-based carmaker did not name the investors in the crossover funding round, its first capital raise since July 2022 Hozon, also known as Neta Auto, is also seeking to raise US$1 billion via a ...
IT Market in Hong Kong to grow by USD 6.72 billion | Increased adoption of IT solutions among Hong Kong SMEs drives market – Technavio
Hong Kong's thriving startup ecosystem with a focus on digital transformation, contributes to the rapid evolution of the IT landscape. Additionally, the city's advanced telecommunications ...
China Steel Website Zhaogang Nears Hong Kong’s First SPAC Merger, Sources Say
Chinese steel trading website Zhaogang.com is nearing a deal to merge with a Hong Kong-listed blank-check company backed by China Merchants Bank Co.’s overseas asset management arm, people with ...
Hong Kong police raid family home of Brisbane-based activist over three-year-old work of fiction
A Brisbane-based activist says he fears returning to Hong Kong after police searched his home there over allegations a piece of fictional writing in Cantonese violated the national security law.
Hong Kong police hunt motorcyclist after red paint splashed on Michelin-starred restaurant
Hong Kong police are hunting a motorcyclist suspected of splashing red paint on a one-Michelin-star restaurant in Sai Kung. The incident at daybreak on Wednesday marked the second time paint was ...
Phillips cements Hong Kong’s place as Asia’s arts hub
Purpose-built, six-storey premises, located beside world-class M+ museum, can help firm capitalise on new synergies within the waterfront cultural district.
High interest rates stall foreign property deals in Hong Kong
Bank mortgage rates for commercial properties in the city can be as high as 6%. Recovery for Hong Kong’s non-residential investment market did not happen as predicted as interest rate hikes outweighed ...