The Hong Kong stock market on Wednesday ended the four-day winning streak in which it had surged more than 1,400 points or 6.7 percent. The Hang Seng Index now rests just beneath the 22,000-point ... ( read original story ...)
HSBC Buys back Over 3.16M Shrs in HK, London Ytd for $165M
HSBC HOLDINGS (00005.HK) announced that it had repurchased a total of 3.161 million shares in London and Hong Kong yesterday (29th), involving a total of approximately HKD165 million. HSBC repurchased ... ( read original story ...)
Xi Jinping eyes ‘victory lap’ in Hong Kong, as locals look on warily
For China’s leader, the 25th anniversary of the handover is a chance to cement power. But in the former U.K. colony, many are mourning the erosion of freedoms. ( read original story ...)
The Hong Kong ‘unofficials’ who advised Britain on the handover – and were ignored
Reviled by Beijing and dismissed by London, a group of local advisers tried and failed to ensure the interests of Hongkongers would be protected after 1997 ... ( read original story ...)
Mourning Hong Kong’s Democracy
July 1 marks the 25th anniversary of Hong Kong’s transfer of sovereignty from British to Chinese rule, and the city’s authorities will celebrate with an official ceremony. But this curated image ... ( read original story ...)
A quarter-century after the handover, is Hong Kong still attractive as a business hub?
Crackdowns by Beijing and severe COVID restrictions have undermined its status. Friday marks the anniversary of the transfer of control. ( read original story ...)
Hong Kong’s Broken Billionaire Factory Shows City Losing Step
A quarter century after its handover, the Chinese territory is still struggling to explore new engines of growth beyond property and finance to stay competitive. ( read original story ...)
Wealth Manager Noah Banks on Hong Kong to Revive Fortunes
Noah Holdings was approved for a secondary listing in Hong Kong, offsetting the risk of its shares being ousted from New York The company posted record profits last year from a super-rich client base, ... ( read original story ...)
Hong Kong SaaS Startup Raises $15 Million Series B For Global Expansion
FreeD Group has raised $15 million in Series B funding led by Daiwa ACA APAC Growth, a private equity fund managed by Japanese brokerage Daiwa Securities. ( read original story ...)
China throws media shield around Xi’s visit to Hong Kong
Journalists from leading international media organizations, including Reuters and CNN, have been barred from covering official ceremonies during Chinese leader Xi Jinping's visit to Hong Kong later ... ( read original story ...)
In Hong Kong, Hopes Fade for What Some Call the Cursed Generation 25 Years After Handover From Britain
As Hong Kong authorities roll out celebrations this week to commemorate a quarter-century under Chinese rule and inaugurate a new local government, one of their biggest challenges is to address the ... ( read original story ...)
Hong Kong skids to 10th among global IPO venues as funding falls to a 19-year low, but brokers hopeful about second half of 2022
IPOs by 22 companies raised US$2.3 billion in the first half of the year, the lowest figure since 2003, according to Refinitiv. Brokers are hopeful the tide will turn in the second half. ( read original story ...)
Hang Seng Teases 22500 Key Level – Is It Ready to Break?
Hang Seng teasing 22500 Key Level – is it ready to break? Hong Kong’s Hang Seng has appreciated nearly 16% since early May. I believe it is not done yet. At present, it approached an important key ... ( read original story ...)
Hong Kong’s future as a global financial hub
Hong Kong will continue to play our unique role as the international financial center of the country and actively integrate into its overall development strategy. ( read original story ...)