March, lower than the over 12,000 cases in 2022. The number of residential mortgage loans (RMLs) in negative equity in Hong Kong totalled 6,378 cases at end-March, according to a survey conducted by ...
Asia Stocks Rise on Hong Kong; Traders Wait on Fed: Markets Wrap
Asian stocks rose as trading resumed in most of the region’s markets following a holiday on Monday. Investors are weighing JPMorgan Chase & Co.’s purchase of First Republic Bank along with ...
Richard Li-Backed Venture Firm Flags Hong Kong Crypto Potential as US Clamps Down
CMCC Global, a venture capital company focused on blockchain technology, said the US digital-asset crackdown is opening up opportunities for Hong Kong as the city strives to become a crypto hub.Most ...
Hong Kong leader says Q1 GDP grew 2.7% year-on-year
Hong Kong leader John Lee said the city's economy grew 2.7% in the first quarter of 2023, ahead of official data due to be released at 0830 GMT on Tuesday, snapping four consecutive quarters of ...
Hong Kong stocks slip as China manufacturing slumps, foreign funds exit while HSBC jumps before earnings report
Official data showed manufacturing in China contracted in April to the lowest since before the reopening late last year Foreign funds pulled about US$658 million from the onshore markets in April, ...
Shareholder Advisory ISS Calls for Opposition to Spinning-off HSBC Asian Biz
ISS (Institutional Shareholder Services), a shareholder advisory firm, issued its opinion that shareholders of HSBC HOLDINGS (00005.HK) +0.250 (+0.445%) Short selling $127.98M; Ra ...
Hong Kong reports Q1 GDP growth after disastrous 2022
Hong Kong's economy grew in the first quarter of 2023, the city's leader said on Tuesday (May 2), ending a disastrous year-long spell in which the finance hub was effectively closed for business over ...
Hong Kong’s new statutory minimum wage rate of HK$40 per hour takes effect
Here are some frequently asked questions on the implementation and coverage of Hong Kong's statutory minimum wage.
Hong Kong schools lost 33,600 students in last academic year amid emigration wave, 10 per cent more than in 2020-21
Official figures show total number of students who left local education system exceeded 64,000 in last two years But school representatives say exodus may have peaked and they expect number of ...
Hong Kong investigates new monkeypox case, close contact of city’s fifth confirmed infection
Centre for Health Protection says man, 34, epidemiologically linked to patient who had tested positive last week.
‘Worst is over’ Citi official says as bank looks to increase staff in Hong Kong to tap opportunities created by Greater Bay Area, HKEX reforms
The worst is over and the outlook for 2023 is positive,' Anson Kwok, head of the commercial bank at Citigroup Hong Kong, says Bank confident about reaching target of doubling revenue from commercial ...
Hong Kong workers still left to hope for fair deal as Labour Day passes
Despite some good news, too many people continue to struggle to survive or achieve a better standard of living in increasingly expensive Hong Kong Hongkongers marked the first post-Covid Labour Day ...
‘Only 20 per cent of Hong Kong district council seats’ could be directly elected under proposed overhaul
Source says remaining seats on revamped district councils to be either appointed by government or selected by committees staffed by pro-establishment figures.
Prop-tech start-up comprising young students wins Hong Kong’s flagship pitch event with 3D modelling device
Skyland Innovation tops finalists to win 7th EPiC pitch event and claim prize of US$90,000 The tech competition attracted a record-high number of entrants, both local and overseas, as Hong Kong tries ...