Local travel agencies have been forced to delay hotel check-in times for passengers and amend itineraries for tour groups, industry representatives say.
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.
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 ...
HSBC bosses including CEO Noel Quinn urge Hong Kong shareholders to reject proposals to raise dividends, split Asia business
For the second time in eight months, UK-based HSBC chairman Mark Tucker and CEO Noel Quinn flew in to host an informal meeting alongside Hong Kong-based Asia-Pacific chairman Peter Wong Tung-shun with ...
Why Invest in Hong Kong
A highly dynamic city that serves as a gateway to Mainland China and Asia, Hong Kong is the ideal place for business in Asia. Hong Kong’s business-friendly environment, low taxes, rule of law, free ...
HKECIC and Hang Seng deliver first green export credit insurance
The very first green financing arrangement will ease export expenses whilst maintaining sustainability. The Hong Kong Export Credit Insurance Corporation (HKECIC) and Hang Seng Bank “break new ground” ...
Elderly Hong Kong man lured to flat with promise of massage robbed of gold necklace worth HK$30,000
A citywide police search is under way for two women who lured an 89-year-old man to a Hung Hom tenement building in Hong Kong with the promise of a massage and then stole his HK$30,000 (US$3,821) gold ...
Italian financial consultant in Hong Kong duped out of more than 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 The case is the latest in a string of similar crimes with losses for each totalling more ...
Hong Kong’s Workforce Sees Its Biggest Drop in Almost 40 Years
Hong Kong’s labor market has seen its sharpest drop on record, underscoring the city’s challenges with an aging population and outflow of talent. Most Read from BloombergChina’s Yuan Replaces Dollar ...
Hong Kong experiences largest workforce decline in 40 years. Here’s why
Hong Kong is running an uphill battle as the government seeks to kick-start an economy that recorded its third annual contraction in four years. Hong Kong’s labor market has seen its sharpest drop on ...
Hong Kong property deals likely to dip in April as used home sales lose ground, says Ricacorp
The number of deals is likely to dip slightly after a three-month rally pushed transactions to a 20-month high in March The second-hand market will see its market share fall as buyers are drawn to new ...
Hedge Fund Snow Lake Quits Hong Kong After More Than a Decade
China-focused hedge-fund firm Snow Lake Capital Ltd. has left Hong Kong after 12 years of operating in the city, people familiar with the matter said.
Hong Kong intervenes to defend currency peg amid capital flight as Fed’s tightening bias surprises markets
The HKMA bought HK$7.1billion (US$905 million) on April 4 and sold the equivalent amount of US -currency to protect the currency trading band Traders have raised bets for a -50-basis point increase at ...
Hong Kong Intervenes in FX Market For First Time in Seven Weeks
The Hong Kong Monetary Authority bought the local dollar for the first time since mid-February after the currency slid past the weak end of its trading band.