Although China's electric car market is the largest globally and a fast-growing one, automakers such as BYD and Tesla dominate sales. Chinese start-ups such as Nio and Xpeng — both listed in the U.S. ( read original story ...)
Hong Kong police seize submachine gun, ammunition during HK$3.6 million drugs bust, investigate whether radicals were planning attack
Police are investigating whether radicals had planned to launch an attack in Hong Kong after seizing a high-powered submachine gun and 50 rounds of ammunition during a raid on a subdivided flat in a ... ( read original story ...)
Regulators launch Hong Kong-China ETF Connect following long delays
Six years after scheme was proposed, investors will soon be able to trade eligible ETFs on each other’s exchanges ... ( read original story ...)
China’s EV maker WM Motor said to weigh US$1b Hong Kong IPO: sources
CHINESE electric vehicle manufacturer WM Motor Holdings is considering raising about US$1 billion in a Hong Kong initial public offering (IPO), according to people familiar with the matter. Read more ... ( read original story ...)
Shanghai reopening: tech stocks in Hong Kong are worth a punt as China passes short-term peak Covid-19 pain, Alpine Macro says
Chinese tech companies are likely trading at trough earnings with trough multiples, the research firm said in a report published on Tuesday The firm recommended a long position on the Hang Seng Tech ... ( read original story ...)
The business news you need
Get the latest local business news delivered FREE to your inbox weekly. A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Wednesday, June ... ( read original story ...)
How did Hong Kong’s insurance industry fared in its first quarter?
The industry showed only flat growth across both long-term and general business. Hong Kong’s insurance industry only showed a mild increase of 0.5% of total gross premiums to $20.16b (HK$$158.2b) in ... ( read original story ...)
Hong Kong insurance market remains flat for first quarter
Hong Kong’s Insurance Authority (IA) has released its provisional statistics for the first quarter of 2022, with total gross premiums growing by 0.5% year on year to HK$158.2 billion (SG$27.6 billion) ... ( read original story ...)
AXA introduces free add-on benefits to provide extra protection for Travel Insurance Customers in quarantine after returning to Hong Kong
Filling the coverage gap for their journey with no registration requiredHONG KONG SAR - Media OutReach - 1 June 2022 - AXA Hong Kong (AXA) is offering "AXA Free Protection ... ( read original story ...)
HSBC Buys back Over 3.14M Shrs in HK, London Ytd for $164M
HSBC HOLDINGS (00005.HK) announced that it had repurchased a total of 3.1464 million shares in London and Hong Kong yesterday (31 May), involving a total of approximately HKD164 million. HSBC ... ( read original story ...)
Hong Kong property developers eye old buildings in prime spots as they hope government will ease compulsory-sale process
Developers look set to step up their use of the compulsory-sale process to acquire, demolish and redevelop ageing buildings, and they’re hoping the government will make it easier for them to do so. ( read original story ...)
Hong Kong’s next leader John Lee says city faces challenges opening China border
Hong Kong's next leader John Lee said the financial hub faces difficulties before it can reopen the border with mainland China, after returning from his first meeting with President Xi Jinping since ... ( read original story ...)
Hong Kong student pleads guilty to using animal sacrifices to solve clients’ love woes
A Hong Kong student pleaded guilty to animal cruelty charges after running a business that performs animal sacrifices for clients with romantic problems. Tong Cheuk-him, 19, pleaded guilty to two ... ( read original story ...)
Hong Kong airline body wants three-day quarantine, no Covid-19 test
The push comes as Hong Kong moves to further ease its pandemic border regime. . Read more at straitstimes.com. ( read original story ...)