Hong Kong's Exchange Fund reported its third-biggest quarterly investment loss in nearly two decades, as the city's financial war chest suffered what the de facto central bank called a "triple ... ( read original story ...)
HSBC Shares Rise in Hong Kong as Top Holder Supports Split
(Bloomberg) -- HSBC Holdings Plc shares in Hong Kong rose after it emerged late Friday that the bank’s largest active investor would support a breakup of the lender on the basis that a separate ... ( read original story ...)
Hong Kong economy shrinks 4% under anti-virus controls
HONG KONG (AP) — Hong Kong’s economy shrank by 4% compared with a year earlier in the quarter ending in March after the Chinese territory shut restaurants and other businesses to fight a spike in ... ( read original story ...)
Why Hong Kong plummeted 68 places in the recent press freedom rankings
A number of journalists in Hong Kong have been jailed due to their reportage and that result in their drastic fall in the rankings published by media rights watchdog Reporters Without Borders (RSF). ( read original story ...)
Hong Kong’s GDP falls more than expected on Covid curbs, trade
HONG KONG (BLOOMBERG) - Hong Kong's economy contracted last quarter for the first time in more than a year as local restrictions to curb Covid hit activity and China's own omicron outbreak disrupted ... ( read original story ...)
Hong Kong Q1 GDP Shrinks More Than Expected on COVID Curbs
Hong Kong's economy contracted in the first quarter of this year as the city imposed its most stringent restrictions to curb an outbreak of COVID-19 that has battered business, led to an exodus of ... ( read original story ...)
HSBC faces call to spin off Asia business with Hong Kong listing
Global banking group HSBC is under mounting pressure as Ping An argued that an independent Asia business listed in Hong Kong would have higher profitability, lower capital requirements and more ... ( read original story ...)
Hong Kong Q1 GDP shrinks more than expected on COVID-19 curbs
HONG KONG: Hong Kong's economy contracted in the first quarter of this year as the city imposed its most stringent restrictions to curb an outbreak of COVID-19 that has battered business, led to an ... ( read original story ...)
Hong Kong weather expert calls coldest day in May for more than 100 years ‘good sign’
HONG KONG: Hong Kong recorded its coldest day in May for more than a century on Monday morning, according to the city's weather forecaster, with a veteran meteorologist saying it was a "good sign" ... ( read original story ...)
Hong Kong migrants seeking property in the UK need hand-holding, and sometimes a reality check on what they can afford, UK agents say
It is common for new buyers to be unaware of the process of buying properties in the UK, which he described as less efficient and less standardised than in Hong Kong. "Many were making purchases at ... ( read original story ...)
Hong Kong to further ease coronavirus restrictions, bars to open until 2 a.m.
HONG KONG — Hong Kong will further ease COVID-19 restrictions ... had to lay off staff as they struggle to pay rent in one of the world’s most expensive property markets. ( read original story ...)
Hong Kong’s Exchange Fund posts US$7 billion quarterly investment loss amid ‘triple whammy’ hit from slumping stocks, bonds and a stronger US dollar
Hong Kong's financial markets remain "deep and liquid, so we can cope with these challenges," he said. The Exchange Fund, established to defend Hong Kong's currency peg with the US dollar, will have ... ( read original story ...)
Hong Kong Wealth Fund Hit By $7 Billion Quarterly Loss
(Bloomberg) -- Hong Kong’s wealth fund suffered a HK$55 billion ($7 billion) loss in the first quarter as stocks and bonds declined, opening a difficult year for the financial hub as it seeks to ... ( read original story ...)
Hong Kong police arrest 58 over online fraud totalling HK$51 million in losses, with HK$10 million love scam among cases
Most of the suspects were holders of bank accounts used to collect and launder money from a string of crimes New Territories South technology crime unit was set up in January amid a 265 per cent rise ... ( read original story ...)