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 ...)
Animoca Brands’ Sandbox unveils Mega City 2 cultural hub; to propel Hong Kong metaverse
In the Mega City 2 land sale, there are endless possibilities for land owners to host events, gaming experiences, or social hubs since ... ( read original story ...)
Email scammers cheat Germany-based tech company’s Hong Kong branch out of HK$11 million
Swindler impersonating boss from company’s headquarters claimed funds were needed for acquisition purposes in emails sent in March. ( read original story ...)
IPO Drought Places HKEX Among World’s Worst-Performing Bourses
Hong Kong Exchanges & Clearing Ltd. is among the worst-performing listed bourses worldwide this year as China’s extended corporate clampdown and pandemic-related woes have caused large initial public ... ( read original story ...)
HSBC first-quarter pre-tax profits drop nearly 30% to US$4.2 bn
HSBC said on Tuesday that first-quarter profits dropped nearly 30 percent owing to higher-than-expected credit losses and inflation but the Asia-focused lending giant remained upbeat about its ... ( read original story ...)
HSBC’s first-quarter profit drops 28 per cent as uncertain markets hit wealth revenue, but the bank beats a consensus profit estimate
Pre-tax profit was US$4.2 billion, beating a consensus estimate of US$3.72 billion Operating income in its wealth business fell 19 per cent in the quarter HSBC, Europe's biggest bank by assets, said ... ( read original story ...)
Coronavirus: Hong Kong will stick with plan to further ease social-distancing measures in the second half of May, leader Carrie Lam says
Carrie Lam says the government will push on with relaxing social-distancing measures unless there is a sudden, ‘unlikely’ surge in Covid-19 infections. ( read original story ...)
Entry quarantine dampens Hong Kong’s tourism recovery potential
While Hong Kong will permit entry for non-residents from May 1, ending a lengthy 25-month suspension of overseas arrivals since March 25, 2020, travel and tourism professionals in the destination say ... ( read original story ...)
Police subdue, arrest suspected drug trafficker after 2 officers attacked during identity check in Hong Kong
Alleged assault took place after suspect intercepted near a sitting-out area at the junction of Cleverly Street and Burd Street at 12.47am on Tuesday. ( read original story ...)