China Tourism Group Duty Free Corp. is seeking to raise as much as HK$17 billion ($2.17 billion) by selling shares in Hong Kong, in what could be the city’s biggest offering this year. Most Read from ... ( read original story ...)
Break up HSBC to unlock £28bn, say Chinese: Bank’s top shareholder Ping An ramps up campaign to spin off Asia business
Ping An said HSBC had exaggerated the downsides of a spin-off and ignored the long-term value a separate Asian business would generate. ( read original story ...)
Why Hong Kong is seeking solace in Cantopop
Life in Hong Kong has been reshaped as Beijing has increasingly tightened its grip over almost every aspect of life in the city. But Cantopop remains a venue for those in the city to seek solace and ... ( read original story ...)
New ambulance cleaning methods to be used in wake of increase in Hong Kong coronavirus cases
Calls to 999 number also hit about 2,700 a day at height of fifth wave in March, Fire Services Department reveals. ( read original story ...)
Hong Kong’s Ban on CBD Products Leaves Companies Facing Ruin
As Hong Kong takes its first steps toward cracking down on cannabidiol, businesses specializing in CBD-infused beers, coffees and other products are scrambling to work out what comes next. ( read original story ...)
Hong Kong Growth Hopes Crumble Under Weight of Covid Policies
Hong Kong’s economy will struggle to expand at all this year, the latest Bloomberg survey of economists shows, as the city grapples with Covid restrictions, a trade slump and other global headwinds. ( read original story ...)
HSBC oversold risks of $35 billion Asia spin-off, investor Ping An thinks – source
By Selena Li, Lawrence White and Anshuman Daga HONG KONG/LONDON (Reuters) – HSBC overstated the risks of spinning off its Asia unit when it rebuffed such a proposal by shareholder Ping An Insurance ... ( read original story ...)
Hong Kong’s TOP Financial stock rallies 52% after sliding last two sessions
Hong Kong online brokerage TOP Financial (TOP) saw its shares rocket over 50% on Thursday after losing significant ground the last two sessions ... ( read original story ...)
Cardinal Zen to stand trial in Hong Kong in September
A judge set a five-day trial for Cardinal Joseph Zen Ze-kiun and four other defendants who face charges of failing to properly register a now-defunct fund to help anti-government protesters. ( read original story ...)
BOCHK and BOC Life launch Hong Kong’s first green insurance plan certified by an independent third party
Bank of China (Hong Kong) (“BOCHK”) and BOC Group Life Assurance Company Limited (“BOC Life”) have announced the launch of BOC Life iGreen Savings Insurance Plan − Hong Kong’s first-ever green ... ( read original story ...)
Hong Kong treasury chief revealed as biggest property owner among John Lee’s governing team
Secretary for Financial Services and the Treasury Christopher Hui declares total of seven local and overseas properties owned by him, his wife or their families At least three other senior officials ... ( read original story ...)
Breaking up HSBC would unlock up to £29bn payday, says Chinese shareholder
Insurer accuses lender of ‘exaggerating’ challenge of spinning off its Asian business The Chinese investor campaigning to break up HSBC believes a split would unlock as much as $35bn (£28.6bn) in ... ( read original story ...)
Hong Kong population drops by record on China’s grip, COVID curbs
Hong Kong saw a record decline in the city's residents in the past year as many fled the financial hub to escape strict COVID-19 isolation measures and Beijing's tightening grip on society. Hong ... ( read original story ...)
Hong Kong to deepen GBA innovation, tech cooperation
expenditure exceeded 26.5 billion Hong Kong dollars (about 3.38 billion U.S. dollars), a record high, and the number of start-ups has increased to about 4,000, official data showed. Hong Kong ranked ... ( read original story ...)