A unit of embattled Chinese developer Evergrande has failed to repay its loans and must pay a guarantor $1.1 billion, the company said in a Hong Kong stock exchange filing. ( read original story ...)
Alibaba, HSBC, China manufacturing shock push Hang Seng Index towards sub-20,000 level for first time in two months
US market regulator put Alibaba on a watch list for delisting on Friday, the highest profile Chinese company yet, over ongoing audit inspection issues Chinese manufacturing unexpectedly contracted in ... ( read original story ...)
HSBC pledges to restore dividend to pre-pandemic levels
HSBC has pledged to restore its dividend to pre-coronavirus pandemic levels as soon as possible as Europe’s biggest bank pushes back against pressure from its largest shareholder Ping An to divide its ... ( read original story ...)
HSBC Vows to Restore Dividends After Unexpected Profit Jump
HSBC Holdings Plc delivered better-than-estimated profits, vowing to restore paying quarterly dividends next year as it seeks to head off a call by its largest shareholder to split up. Most Read from ... ( read original story ...)
HSBC posts second-quarter surprise as profit jumps unexpectedly by 61 per cent on deferred tax gain, helping bank to beat estimates
HSBC reported a 16 per cent decline in its pre-tax profit in Hong Kong as the city's economy recovers more slowly than expected from the fifth wave of Covid-19 The bank's pre-tax profit rose to ... ( read original story ...)
Mirror concert accident: Hong Kong’s culture minister warns contractors involved not to shirk responsibility, investigative task force to hold first meeting
Secretary for Culture, Sports and Tourism Kevin Yeung also urges public not to speculate before results of probe are out Concert producer breaks silence, expressing sadness over mishap and adding he ... ( read original story ...)
Asian shares advance, Hong Kong sags on weak factory data
Shares are mostly higher in Asia after a strong close on Wall Street last week, though the latest manufacturing surveys showed weakening factory activity in the region's biggest economies ... ( read original story ...)
Hong Kong Observatory marks 22 hot nights in July, most since records began in 1884
Hong Kong had experienced 22 hot nights in July, the most since records began in 1884, according to the city’s weather forecaster. ( read original story ...)
‘Abandon arrogance, face fact that national security law has restored stability in Hong Kong’: Beijing to UN Human Rights Committee
Beijing has urged the UN Human Rights Committee to “abandon arrogance and face the fact” that the national security law has restored social stability in Hong Kong, after the watchdog proposed the city ... ( read original story ...)
China’s Politburo to ensure delivery of unfinished homes to prevent mortgage-boycott crisis from escalating
The statement comes amid a mortgage boycott by homebuyers that has delivered another ... co-founder of MegaTrust Investment (Hong Kong), a boutique China asset manager. “What the real estate market ... ( read original story ...)
Hong Kong to Report Contraction in GDP as Global Headwinds Mount
Hong Kong will report a contraction in gross domestic product in the second quarter, Financial Secretary Paul Chan said, with global economic headwinds clouding the outlook for the financial hub.Most ... ( read original story ...)
Hong Kong ‘s ZA Bank offers up to 5% Bloom Coins reward for card spend
They can use the coins to redeem NFTs, e-vouchers, amongst others. Hong Kong virtual bank ZA Bank is offering up to a 5% Bloom Coins reward for ZA Card spending. Until 31 August, ZA Bank users who ... ( read original story ...)
Hong Kong Bourse Poised To End Losing Streak
The Hong Kong stock market has finished lower in three straight sessions, slumping more than 750 points or 3.8 percent along the way. ( read original story ...)
Rugby teams ‘excited’ about return to Hong Kong
The Hong Kong Rugby Union – which organises the Hong Kong Sevens – on Monday said it expects there will be fewer overseas visitors to the tournament ... ( read original story ...)