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Posted on 05/05/2023

Hong Kong’s IPO market expected to rebound in 2023, but the biggest one so far flopped in its debut

Hong Kong's IPO market is set for a rebound after being among the worst-performing markets in 2022 but a recent debut flop of a Chinese company dampened hopes.

Posted on 05/05/2023

End ‘megaphone diplomacy’ between UK and Hong Kong, says British diplomat

Consul general calls for ‘constructive engagement’ with territory as Chinese vice-president says he will attend king’s coronation ...

Posted on 05/05/2023

TOP Financial stock plunges 80% after soaring 60% in prior session (update)

Hong Kong brokerage TOP Financial (NASDAQ:TOP) stock plunged nearly 80% Thursday after soaring 60% during the prior session. Shares of TOP closed at $17.48. The stock hit a high of $107.00 in ...

Posted on 05/05/2023

Hong Kong Tourism Benefited From Return of Mainland China Visitors in March

Hong Kong's March retail sales rose 40.9 percent from a year earlier, as consumer and visitor spending continued to improve.

Posted on 05/05/2023

FedEx Plans to Move Asia Headquarters, Executives to Singapore From Hong Kong

FedEx Corp. is planning on moving its Asia-Pacific regional headquarters to Singapore from Hong Kong — another blow to the city’s image as an international business hub.

Posted on 05/05/2023

FedEx (FDX) to Shift Asia Base to Singapore From Hong Kong

FedEx Corp. is planning on moving its Asia-Pacific regional headquarters to Singapore from Hong Kong — another blow to the city’s image as an international business hub.

Posted on 05/05/2023

End ‘megaphone diplomacy’ between UK and Hong Kong, says top British diplomat

Consul general calls for ‘constructive engagement’ with territory as China’s Han Zheng confirms he will attend king’s coronation ...

Posted on 04/05/2023

Hong Kong homebuyers ignore rising interest rates as they snap up flats at Sun Hung Kai Properties’ University Hill project in Tai Po

Hong Kong’s biggest developer sold out all 191 units available by 5.30pm, suggesting that homebuyers have shrugged off rising mortgage loan costs, according to agents. “The market expects this to be ...

Posted on 04/05/2023

Alibaba Spin-Off IPO In The US As Mainland Returns From Vacation

Asian investors cheered the potential Fed pause as the Asia Dollar Index gained +0.23% versus the US dollar, while Japan, Malaysia, and Thailand were on holiday.

Posted on 04/05/2023

International Healthcare Week returns to showcase Hong Kong’s strengths in healthcare innovation and investment

The Business of Healthcare Advisory Zone will feature biotechnology and healthcare start-ups. Investors and industry experts ... organised by the HKTDC and co-organised by the Hong Kong Medical and ...

Posted on 04/05/2023

Hong Kong watchdog warns of potential conflict of interest between developers and management firms in private housing properties

The council study looked into the complicated legal regime governing Hong Kong's property management, a HK$55 billion market that affected about 1.6 million people living in privately owned ...

Posted on 04/05/2023

Hong Kong follows Fed rate hike, banking liquidity at fresh 2008 lows

HSBC said it would raise its best lending rate in Hong Kong by 12.5 basis points to 5.75%. Bank of China Hong Kong and Standard Chartered also lift their rates by 12.5 basis points. "Amid an uncertain ...

Posted on 04/05/2023

Hong Kong stocks jump from 1-week low as Fed hints at rate pause while mainland markets reopen to strong holiday data

Stocks climb from a one-week low as Hong Kong property developers advance on possible end to higher borrowing costs. Markets in the mainland strengthen as trading resumes after a three-day break.

Posted on 04/05/2023

HKMA buys HK$4.7 billion from market as currency hits weak end of trading band

Hong Kong's de-facto central bank bought HK$4.671 billion ($595.12 million) from the market in New York trading hours to stop the local currency weakening and breaking its peg to the U.S. dollar. The ...

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