HSBC saw a surge in mortgage lending in Britain in the first three months of 2022, but has reported an earnings dive following the escalation of the Russia-Ukraine war. ( read original story ...)
HSBC puts 2022 buyback ambitions on ice as inflation accelerates
HSBC has shelved plans for new stock buybacks this year after reporting an unexpected hit to its capital on Tuesday, as a cocktail of rising inflation, geopolitical tensions and economic weakness ... ( read original story ...)
A Hong Kong Actress Wears Brownface. Cue Outrage and Shrugs.
The TV show “Barrack O’Karma 1968” fueled debate about whether the practice is ever acceptable. Some viewers were outraged. Others simply shrugged. ( read original story ...)
Shortage of accommodation for Hong Kong’s elderly citizens could be solved by government incentives for private developers
The government should consider introducing new incentives to encourage developers to build more elderly-friendly flats within private residential projects. ( read original story ...)
Hong Kong to start further easing anti-COVID measures in second half of May
Hong Kong plans to start the second phase of easing anti-COVID restrictions in the second half of May. This was announced on Tuesday at a press conference by the head of the executive branch of this ... ( read original story ...)
National security law: 11 Hong Kong opposition figures intend to plead guilty to subversion charges, court judgment reveals
High Court judge calls for better case management to ease ‘long delay’ in proceedings involving politicians and activists prosecuted over their roles in unofficial primary election. ( read original story ...)
Email scammers cheat Germany-based tech company’s Hong Kong branch out of HK$11.36mil
Swindler impersonating a boss from company’s headquarters claimed funds were needed for acquisition purposes in emails sent in March. Director of Hong Kong firm transferred HK$11.36mil into two local ... ( read original story ...)
Two Outstanding Hong Kong Startups Named Top Winners of Alibaba Entrepreneurs Fund/HSBC JUMPSTARTER 2022
Alibaba Entrepreneurs Fund/HSBC JUMPSTARTER 2022 Global Pitch Competition ("JUMPSTARTER 2022") has concluded its Grand Finale. After a series of intense pitching sessions, Gense Technologies, a ... ( read original story ...)
Hong Kong’s multimillionaire population dropped 15 per cent last year as stock market slump hit wealth, according to Citibank survey
About 434,000 people in the city were estimated to have at least HK$10 million (US$1.27 million) in total assets last year, a 15 per cent drop from 515,000 in 2020, according to Citibank’s ‘Hong Kong ... ( read original story ...)
JD.com, Meituan lift Hong Kong stocks from six-week low as China moves to stem yuan weakness, capital outflows
Stocks recover from a sell-off as China signals its discomfort with the yuan’s depreciation and further capital outflows from the market. ( read original story ...)
Hong Kong woman admits to killing daughter, 16, during severe mental episode in 2019
A Hong Kong housewife has admitted to killing her daughter while experiencing a severe mental episode more than two years ago. Kwok Lin-choi pleaded guilty before the High Court to a count of ... ( read original story ...)
Shanghai lockdown forces Hong Kong manufacturers to cope with higher costs, delays and backlogs
Businesses have been forced to adjust their outlooks because of delays resulting from China’s zero-Covid ambitions, but ‘transport isn’t stopping’. ( read original story ...)
HSBC profits hit by Hong Kong lockdown and loss provisions for inflation
Although the Russia-Ukraine war has exacerbated inflationary pressures and increased economic uncertainty, the bank sees an improved ... ( read original story ...)
Email scammers cheat Germany-based tech company’s Hong Kong branch out of HK$11.36 million
Swindler impersonating boss from company’s headquarters claimed funds were needed for acquisition purposes in emails sent in March. ( read original story ...)