Analysts have raised their consensus price target for HSBC stock to the highest level since July 2019, spurred by gains in its first-quarter performance.
Hong Kong holds edge over Singapore as business hub amid talent war, as narrower office-rent gap tightens race: research
CBRE report gives the overall edge to Hong Kong thanks to factors such as its financial prowess and talent pool Singapore maintains an advantage in technology, as well as ESG initiatives and green ...
Hong Kong and U.S. economic cycles are no longer in sync, economist says
Iris Pang of ING says Hong Kong's interest rates have stayed modest even though the U.S. Federal Reserve has increased rates "tremendously." ...
Hong Kong homeowners cutting prices drastically even as secondary property market continues to climb
Homeowners have cut the asking prices of 1,763 homes out of the 22,352 units listed for sale on Ricacorp Properties' website A homeowner at Casa Marina II in Tai Po sold the unit after reducing the ...
Hong Kong brokerage Solowin files for proposed $17M US IPO
Hong Kong brokerage Solowin Holdings (SWIN) has filed to raise around $17M through a US initial public offering. Solowin didn't disclose terms in its filing, but indicated in its fee schedule that it ...
Hong Kong garment supplier Majestic Ideal files for $11M US IPO
Hong Kong-based Majestic Ideal Holdings (MJID), a provider of supply chain management services for the apparel industry, has filed for an $11M US IPO. Read more here.
Alibaba, HSBC lead sell-off as US banking crisis infects Hong Kong stocks before likely rate increase
Local stocks slide as another bout of banking crisis in the US unsettles investors. Traders are also considering the fallout from another likely round of monetary policy tightening this week.
Hong Kong analysts expect one last Fed rate increase in 2023, but are divided if HSBC and peers will raise prime rates
Twelve analysts surveyed by the Post expect the Fed to raise its key rate this week, with most agreeing it would likely be the last increase in the current cycle They are equally divided if HSBC, ...
Zonos and Floship Collaborate to Bring Cross-border Technologies and Services to Ecommerce Merchants
Floship and Zonos announced today that they have partnered to provide the logistics industry's most comprehensive ecommerce fulfillment solution that incorporates the presentation, payment, and ...
Hong Kong to cut elected council seats in blow to democracy
Hong Kong’s leader on Tuesday stepped up a campaign to shut down further democratic challenges by unveiling plans to eliminate most directly elected seats on local district ...
Hong Kong heir lists Malibu estate on Point Dume for $17.6M
The scion of a Hong Kong real estate empire has listed his 7,600-square-foot home on Malibu’s Point Dume for $17.6 million. Billionaire heir Damien Sabella has put his Spanish-style estate up for sale ...
Asia Stocks Set to Drop as Bank Woes Hit US Shares: Markets Wrap
Shares in Asia are set to decline after Wall Street fell on renewed concern about the banking sector before a Federal Reserve decision Wednesday where policy makers are expected to raise interest ...
Hong Kong to eliminate elected seats in setback to democracy
Hong Kong’s leader on Tuesday stepped up a campaign to shut down further democratic challenges by unveiling plans to eliminate most directly elected seats on local district councils.
China property: government likely to keep market support coming as April home sales tank, say analysts
The authorities are likely to keep rolling out incentives to support mainland China’s property sector as April’s home sales look set to tank, according to analysts.