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Posted on 05/04/2023

Embattled Chinese property developer Evergrande said it’s reached a restructuring deal with offshore creditors

Embattled Chinese property developer Evergrande on Tuesday said it's reached a restructuring deal with creditors that should allow it to resume operations.

Posted on 05/04/2023

How will Hong Kong react to the Gay Games: Support or suppression?

The Gay Games, an annual global sport and cultural event that promotes gender and sexual diversity, will begin in Hong Kong in November this year. After postponing it for one year thanks to ...

Posted on 05/04/2023

HONG KONG SEVENS BACK AS RUGBY LOVERS CHEER IN HONG KONG STADIUM

As Hong Kong returns to the international stage, Hong Kong Sevens was finally back in the Asian world city in full swing from March 31 to April 2. According to Hong Kong Tourism Board in a statement, ...

Posted on 05/04/2023

Hong Kong restaurateurs, hoteliers predict slow business for Easter break as residents depart for more exotic locales

Hotel and catering industry leaders in Hong Kong are predicting slow business over the Easter long weekend, pointing to a surge in the number of residents heading overseas and the holiday not being ...

Posted on 05/04/2023

Hong Kong’s catering, retail sectors need 100,000 workers, industry heads say, backing imported labour plan despite union objections

Hong Kong last year suffered its biggest drop in the working population ... Simon Lee Siu-po, honorary fellow at Chinese University's Asia-Pacific Institute of Business, said income levels would ...

Posted on 05/04/2023

Hong Kong central bank buys over $905m to shore up currency

HONG KONG (Reuters) -- Hong Kong's de facto central bank bought $7.104 billion Hong Kong dollars worth of U.S. dollars ($905 million) during New York's Monday trading hours to stop the local currency ...

Posted on 05/04/2023

Paper packaging maker Millennium Group stock falls 24% after $5M IPO

Millennium Group International (NASDAQ:MGIH), a maker of paper packaging products in Asia, saw its stock sink 24% in afternoon trading Tuesday after holding a $5M US initial public offering. Shares of ...

Posted on 05/04/2023

Italian financial consultant in Hong Kong duped out of HK$14 million in bogus cryptocurrency investment as part of love scam

Man, 55, had responded to Tinder message from con artist pretending to be female investment broker in Singapore.

Posted on 05/04/2023

Malaysia to tap Hong Kong’s ESG maturity, global hub status to grow Islamic finance sector, Zafrul says

Trade minister Tengku Zafrul Aziz says Malaysia’s leadership in Islamic finance means it is well positioned to support Hong Kong’s interest in the sector.

Posted on 05/04/2023

Vape products vendor Ispire sees stock jump as high as 34% after $19M IPO

Based in Los Angeles with significant operations in Hong Kong, Inspire is a developer and marketer of branded ... For more on Ispire, check out Donovan Jones's "Ispire Technology Tries Again for US ...

Posted on 05/04/2023

Hong Kong hopeful after ITF says World Tennis Tour events will return to China this year

Resumption of lower-tier events comes as WTA mulls taking its elite-level tour back to China after suspending tournaments over Peng Shuai incident.

Posted on 05/04/2023

Hong Kong tour operators warn of long waits at Japanese airports to clear immigration, customs with residents already caught up in the chaos

Local travel agencies have been forced to delay hotel check-in times for passengers and amend itineraries for tour groups, industry representatives say.

Posted on 04/04/2023

Yibin City Commercial Bank Considers $300 Million Hong Kong IPO

Yibin City Commercial Bank Co. is considering a Hong Kong initial public offering that could raise about $200 million to $300 million, according to people familiar with the matter.

Posted on 04/04/2023

Hong Kong risks financial crisis if public money spent poorly on artificial islands, Northern Metropolis, ex-housing minister says

He pointed out that, in the past, the government's formula for achieving strong financial returns by selling reclaimed land to developers had worked well during economic booms. "But now the economic ...

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