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Posted on 01/02/2023

Hong Kong bans flourishing CBD business, following Beijing’s lead

Beijing carried out its own ban on cannabidiol last year. CBD products are legal in Taiwan and Thailand, the United States and parts of Europe.

Posted on 01/02/2023

Hong Kong GDP shrinks for 4th straight quarter, but poised for recovery

Hong Kong's economy shrank for the fourth straight quarter, contracting an annual 4.2%, advance government data showed on Wednesday, worse than economists' estimates as weakening global demand and ...

Posted on 01/02/2023

Hong Kong’s economy shrinks for 4th quarter, but recovery seen in 2023

Hong Kong's economy shrank for the fourth straight quarter, contracting an annual 4.2%, advance government data showed on Wednesday, worse than economists' estimates as weakening global demand and higher interest rates hit exports and spending.

Posted on 01/02/2023

Hong Kong’s Economy Shrank at Slower Pace in Fourth Quarter

Hong Kong’s economy contracted at a slower pace in the fourth quarter of 2022, partly owing to stronger growth in government consumption expenditure.

Posted on 01/02/2023

Hong Kong’s Economy Contracts in 2022 on Covid, Slowing Demand

Hong Kong’s economy contracted last year for the third time since 2019 as slowing global demand, rising interest rates and a prolonged exit from isolating Covid curbs weighed heavily on the financial hub.

Posted on 01/02/2023

Mortgage loans in Hong Kong drops by nearly 10% in December

Loans stood at HK$25.6b during the month, the Monetary Authority reported. Residential mortgage loans approved in December declined by 9.4% in December to HK$25.6b, the Hong Kong Monetary Authority ...

Posted on 01/02/2023

Hong Kong economy shrinks worse-than-expected 3.5 per cent in 2022 on weak external demand, advance figures show

Domestic demand slackened, dragged initially by Hong Kong’s fifth wave of Covid-19 cases and subsequently by tightened financial conditions, the spokesman said. “Looking ahead, the Hong Kong economy ...

Posted on 01/02/2023

Hong Kong’s Q4 GDP down 4.2% y/y, 4th quarter of contraction

Hong Kong's economy contracted by 4.2% in the fourth quarter from a year earlier, advance government data showed on Wednesday, shrinking for the fourth consecutive quarter as exports were hampered by ...

Posted on 01/02/2023

Hong Kong Based Brokerage Grandbay Capital Expects IPO Market To Pick Up In 2023

Grandbay Capital expect investors to have more IPO options to choose from this year, after a lean 2022. CENTRAL, HONG KONG, January 29, 2023 /einpresswire.com / -- Director of Institutional ...

Posted on 01/02/2023

China EV Makers Jump in Hong Kong, Extending Wall Street Rally

Shares of Chinese electric car makers jumped in Hong Kong on Wednesday, extending soaring overnight gains on Wall Street, driven in part by expectations of recovering sales in the world’s largest automobile market.

Posted on 01/02/2023

Hong Kong bans CBD, forcing businesses to shut or revamp

Hong Kong has banned CBD as a “dangerous drug” and imposed harsh penalties for its possession, forcing fledging businesses to shut down or revamp.

Posted on 01/02/2023

Higher Open Called For Hong Kong Shares

The Hong Kong stock market has moved lower in consecutive trading days, tumbling more than 840 points or 4 percent along the way. The ...

Posted on 01/02/2023

Hong Kong is criminalizing CBD as a ‘dangerous drug’ alongside heroin

Two years ago, cannabidiol was booming in Hong Kong. The compound, known as CBD, was popping up in cafes, restaurants and stores, with businesses eager to join an exciting new market already ...

Posted on 01/02/2023

Hang Lung Properties says Hong Kong property recovery will not be ‘V-shaped’

Adriel Chan from Hang Lung Properties says Hong Kong will get a boost from the return of Mainland China travelers looking for an "alternative" market.

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