The bank remains dedicated to reaching break-even in 2024, CEO Barbaros Uygun said. Mox Bank has increased its total operating income to HK$170m in 2022, from a negative HK$7.7m in 2021, according to ...
Hong Kong’s livi bank records HK$17m operating income
Its loan balance has surpassed HK$1.3b as of end 2022. Hong Kong’s livi bank has recorded a positive operating income of HK$17m in 2022, which the bank attributed to its growing portfolio of loan ...
Hong Kong economy grows 2.7% in Q1 after disastrous 2022
It ends a year-long spell in which the finance hub was effectively closed for business over pandemic restrictions. Read more at straitstimes.com.
Hong Kong Q1 GDP rebounds 2.7%, brighter outlook seen
Hong Kong's economy grew 2.7% in the first quarter of 2023, John Lee, the leader of the Asian financial hub, said in a surprise announcement ahead of Tuesday's 0830 GMT release of official data, to ...
Hong Kong Economy Grew 2.7% in First Quarter, Topping Estimates
Hong Kong’s economy expanded 2.7% in the first quarter from a year earlier after the city removed pandemic controls and the border with mainland China reopened.
Hong Kong records 2.7 percent growth in Q1
Hong Kong's economy expanded 2.7 percent in the first three months of the year following four consecutive quarters of contraction, Chief Executive ...
Hong Kong’s residential mortgage loans in red decreases to HK$34.4b
March, lower than the over 12,000 cases in 2022. The number of residential mortgage loans (RMLs) in negative equity in Hong Kong totalled 6,378 cases at end-March, according to a survey conducted by ...
Asia Stocks Rise on Hong Kong; Traders Wait on Fed: Markets Wrap
Asian stocks rose as trading resumed in most of the region’s markets following a holiday on Monday. Investors are weighing JPMorgan Chase & Co.’s purchase of First Republic Bank along with ...
Richard Li-Backed Venture Firm Flags Hong Kong Crypto Potential as US Clamps Down
CMCC Global, a venture capital company focused on blockchain technology, said the US digital-asset crackdown is opening up opportunities for Hong Kong as the city strives to become a crypto hub.Most ...
Hong Kong leader says Q1 GDP grew 2.7% year-on-year
Hong Kong leader John Lee said the city's economy grew 2.7% in the first quarter of 2023, ahead of official data due to be released at 0830 GMT on Tuesday, snapping four consecutive quarters of ...
Hong Kong stocks slip as China manufacturing slumps, foreign funds exit while HSBC jumps before earnings report
Official data showed manufacturing in China contracted in April to the lowest since before the reopening late last year Foreign funds pulled about US$658 million from the onshore markets in April, ...
Shareholder Advisory ISS Calls for Opposition to Spinning-off HSBC Asian Biz
ISS (Institutional Shareholder Services), a shareholder advisory firm, issued its opinion that shareholders of HSBC HOLDINGS (00005.HK) +0.250 (+0.445%) Short selling $127.98M; Ra ...
Hong Kong reports Q1 GDP growth after disastrous 2022
Hong Kong's economy grew in the first quarter of 2023, the city's leader said on Tuesday (May 2), ending a disastrous year-long spell in which the finance hub was effectively closed for business over ...
Hong Kong’s new statutory minimum wage rate of HK$40 per hour takes effect
Here are some frequently asked questions on the implementation and coverage of Hong Kong's statutory minimum wage.