The bonds from some real-estate companies are trading below 10 cents on the dollar, reflecting a loss of investor confidence after a series of defaults that have shortchanged investors. ( read original story ...)
Cyclone, absences threaten to dull Hong Kong finance meeting
A tropic storm and absences of VIP guests have cast a shadow over a financial conference meant to help Hong Kong restore its image as a financial hub and destination for business travel. ( read original story ...)
Hong Kong Summit Surrounded by Drama Before It Even Begins
It hasn’t even officially started yet, but Hong Kong’s long-awaited summit for global bankers is already tinged with drama. ( read original story ...)
September And June Hong Kong Jewelry Shows To Return In 2023 After 3-Year Absence
In another sign the business disruption caused by the pandemic has subsided ... Arguably, the world’s largest jewelry trade fair prior to the pandemic, Jewellery & Gem WORLD Hong Kong (JGW), formerly ... ( read original story ...)
Hong Kong Sept retail sales edge up as travel rules ease
Hong Kong's retail sales nudged up in September helped by improved tourism from eased pandemic restrictions, government data showed on Tuesday, but an official warned that tightened financial ... ( read original story ...)
Hong Kong’s steep slide shows misplaced priorities
GDP 4.5% from a year earlier as consumers and companies slashed spending. The government is trying to rally enthusiasm for its finance sector - as signaled by the flagship Fintech Week and Global ... ( read original story ...)
Number of bankers pulling out of Hong Kong summit ‘very small,’ says John Lee
Chief Executive John Lee said the number of business representatives joining a major banking summit in Hong Kong was “within the expectation” of the government despite several bankers announcing their ... ( read original story ...)
Hong Kong Summit Kicks Off Overshadowed by CEO Drop Outs, Storm
Global bankers descended on Hong Kong for a major summit as the city seeks to relaunch itself as an international finance center after years of pandemic-induced isolation and a crackdown on dissent. ( read original story ...)
Hong Kong leader John Lee shrugs off absence of 3 top bankers from key financial summit, insists city ‘full of vigour and energy’
Chief executive touts raft of events city will host in coming two weeks, including Hong Kong Sevens and an Asian global health summit Lee says economic activities are returning and unemployment rate ... ( read original story ...)
Hong Kong Monetary Authority chief defends currency peg, says it brings stability
Hong Kong Monetary Authority's CEO has defended Hong Kong's currency peg, saying it helped see the city through some of its toughest economic challenges. ( read original story ...)
Hong Kong stocks rise more than 3% after ending October at lowest levels since mid-2009
Asia-Pacific shares were higher on Tuesday ahead of Australia's central bank decision. The Caixin manufacturing PMI showed a contraction in October. ( read original story ...)
China’s property crash sends billionaire founders heading to exits
Defaults, failure to deliver homes on time and an unrelenting market sell-off. Now builders’ founders are leaving. Read more at straitstimes.com. ( read original story ...)
Hong Kong is ‘Asia’s sustainable finance centre’, thanks to green bond growth and carbon-credit trading, bankers say
With rapid growth in the issuance of green bonds and a new carbon-credit trading platform, Hong Kong can play a pivotal role in the journey towards net zero, experts said ahead of a key summit this ... ( read original story ...)
Struggling Hong Kong seeks comeback with bank summit, rugby
The financial centre is hoping to convince the world it is back in business after nearly three years of pandemic curbs. ( read original story ...)