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Posted on 11/04/2023

Alibaba Units’ Possible IPOs Spark Hot Investor Demand

Shares of Alibaba Group Holding Ltd.’s units that may soon become public are expected to be in high demand as the breakup unleashes value in the wake of regulatory woes, investors said.

Posted on 11/04/2023

Suspect escapes from Hong Kong court after swapping identification wristband with detainee granted bail

A citywide manhunt was under way in Hong Kong on Tuesday for a suspected drug trafficker who escaped from custody at court by switching his identification wristband with another detainee in the same ...

Posted on 11/04/2023

London will lose “to New York, Hong Kong and Shanghai for years to come” warn City bosses

The threat of recession and penal inflation are unattractive to investors. Multi-billion IPOS are likely to be the domain of New York, Hong Kong and Shanghai in the years to come.” Those fears grew ...

Posted on 11/04/2023

Flu vaccine makers ‘set aside 200,000 doses’ for Hong Kong, after private clinics warn of low stocks amid delayed influenza peak

Hong Kong’s flu season traditionally started in January and ended around March or April. But since 2020, apart from a short peak from the start of that year until February, the city had not seen any ...

Posted on 11/04/2023

In a global financial centre like Hong Kong, it should take no more than 20 minutes to get to a business meeting

From Hong Kong Island, getting to business meetings in the Kowloon offices takes over 30 minutes for those in the International Commerce Centre and over 20 minutes for those in the World Finance ...

Posted on 11/04/2023

Hang Seng Bank names Cheung Ka Ki as head of corporate governance

She has over 20 years of experience in legal counsel and company secretarial services, according to Hang Seng Bank. Cheung was admitted as solicitor in Hong Kong and in England and Wales, as well as ...

Posted on 11/04/2023

HKMA intervenes in the currency market for the fourth time this year ahead of expected US rate rise next month

Hong Kong banks increased their prime lending rates three times last year, by a total of 62.5 basis points. HSBC, Bank of China (Hong Kong) and Hang Seng Bank have set their best lending rate at 5.625 ...

Posted on 11/04/2023

Hong Kong catering sector saw at least 15% drop in business over Easter, says industry representative

Hong Kong’s catering sector saw an estimated drop of 15 to 20 per cent during the Easter break, an industry representative has said, as the city recorded more than 1.5 million resident departures ...

Posted on 11/04/2023

‘Stonewalling’ and ‘Totem’ Share Hong Kong Festival’s Firebird Awards

Huang Ji and Otsuka Ryuji’s “Stonewalling” won the Chinese-language section of the Hong Kong International Film Festival’s Firebird Young Cinema competition. Lila Aviles’s “Totem” won the ...

Posted on 11/04/2023

Hong Kong Finance Official to Make First Visit to Britain in Three Years

Hong Kong Finance Official to Make First Visit to Britain in Three Years HONG KONG (Reuters) - A top financial official from Hong Kong is set to visit Britain in April in the first ministerial-level ...

Posted on 11/04/2023

Top Beijing official overseeing Hong Kong affairs set for 6-day visit to city, first since plan for restructuring of office revealed

The head of Beijing’s top office overseeing Hong Kong affairs will start a six-day trip to the city on Thursday, with sources revealing he also plans to hold meetings with mainland Chinese officials ...

Posted on 11/04/2023

Hong Kong stocks jump as cooling inflation in mainland China spurs stimulus bets while SenseTime fuels tech winners

Stocks advance after a government report shows inflation in China rose in March at the slowest pace since September, fuelling bets on policy stimulus. SenseTime jumps after introducing a rival to ...

Posted on 11/04/2023

Bright prospects for Hong Kong as bridge between Middle East and Greater Bay Area, says former minister Gregory So

Former Hong Kong commerce minister Gregory So Kam-leung believes the city has what it takes to help bridge two markets with enormous potential, the Middle East and China’s Greater Bay Area.

Posted on 11/04/2023

Hong Kong’s Financial Secretary Declares Now Is the ‘Right Time’ for Web3 Adoption

Finance chief Paul Chan said in a blog post that despite recent volatility in crypto, now is the time to push forward Web3 technologies.

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