Financial Secretary Paul Chan has defended Hong Kong’s reputation as an Asian hub, listing the ways in which it has an edge over regional rival Singapore despite Covid-related measures undermining ... ( read original story ...)
Jefferies Financial Group Comments on Hang Seng Bank Limited’s FY2023 Earnings (OTCMKTS:HSNGY)
Investment analysts at Jefferies Financial Group lowered their FY2023 earnings per share estimates for shares of Hang Seng Bank in a research report issued to clients and investors on Thursday, ... ( read original story ...)
Bank of China HK warns of fake website
It has already been reported to the HKMA and the local police force. Bank of China (Hong Kong) or BOCHK has cautioned its customers of a fraudulent website with the URL bnkbochk[.]com. BOCHK declared ... ( read original story ...)
Hong Kong’s property market is the most volatile in the world — by far, says investment firm
Peter Churchouse of Portwood Capital says expect continued weakness in the Hong Kong property market as the "very negative sentiment" will probably continue over the next six to 12 months. ( read original story ...)
Week In Review: AIM Vaccine Stages $20 Million IPO On Hong Kong Exchange
AIM Vaccine conducted a very small IPO on the Hong Kong exchange, raising US$20 million, which netted the company only US$10 million. The IPO saw less than 1% of the company's shares sold. ( read original story ...)
Hong Kong stocks fall more than 2% as worries about Fed tightening drag into new week of trading
The dollar rose to 145.42 Japanese yen USDJPY, +0.07% from 145.34 late Friday, adding to pressure on Japan’s central bank to counter the yen’s prolonged slide by adjusting its policy of keeping its ... ( read original story ...)
US Warns Hong Kong To Not Be ‘Haven’ for Sanctioned Russians
The US warned Hong Kong that assisting sanctioned individuals could threaten its status as a financial hub, after a megayacht linked to one of Russia’s richest men docked in the city’s harbor. Most ... ( read original story ...)
Bamboo vipers and many-banded kraits: Experiencing Hong Kong’s snake safari
William Sargent, a police-approved snake expert, has been running nocturnal so-called "Snake Safaris" through the verdant, biodiverse terrains of Hong Kong. ( read original story ...)
Hong Kong stocks drop 2%; China markets lower after Golden Week holiday
Shares in the Asia-Pacific fell on Monday, with Hong Kong stocks leading losses. The Hang Seng index fell more than 2% in early trade, with the Hang Seng Tech index down 3.17%. In mainland China, the ... ( read original story ...)
Chinese homeowners in a rush to clear mortgages early as consumers turn pessimistic over economic outlook
“The drop in new mortgages is much larger than the drop in new home sales ... “But I’m determined to make the effort and save money for a rainy day.” Based in Hong Kong, Pearl covers the property ... ( read original story ...)
Russian superyacht in Hong Kong: Beijing and Washington cross swords over vessel, as Chinese government accuses US of ‘smearing city’
The Russian-flagged Nord, believed to be owned by steel tycoon Alexei Mordashov, arrived in Hong Kong waters on Wednesday. ( read original story ...)
First teenagers sentenced under Hong Kong security law
Hong Kong has for the first time sentenced a group of teenagers under the country’s national security law. The two boys and three girls, aged between 16 and 19 ... ( read original story ...)
Ronnie O’Sullivan revels in ‘fantastic’ victory in front of huge Hong Kong crowd
In front of 9,000 fans at the Hong Kong Coliseum, beating Saturday’s record of 7,500 for the semi-finals, Fu also won the ninth frame with a break of 56 before O’Sullivan sealed victory in stunning ... ( read original story ...)
Hong Kong outperforming Singapore as international finance centre in several ways, top official says
Financial Secretary Paul Chan also reveals that a global investment summit next month will be extended to three days He compares two cities in a blog post after index on global financial centres shows ... ( read original story ...)