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Posted on 09/08/2022

Coronavirus: easing quarantine measures won’t increase transmission risks but Hong Kong not ready to scrap it entirely, health minister says

Hong Kong’s health minister has dismissed fears that the easing of quarantine measures for overseas arrivals will increase Covid-19 transmission risks in the community, but declined to lay down a time ... ( read original story ...)

Posted on 09/08/2022

Alibaba Says Primary Listing in Hong Kong Is Approved

The move will allow Chinese investors to trade directly in the stock and should foster a more diversified investor base. ( read original story ...)

Posted on 09/08/2022

Blank-cheque firm of former HKMA chief Norman Chan completes US$127 million IPO as Hong Kong’s third SPAC listing

The special purpose acquisition company is co-owned by Chan and two family members of the city's former chief executive Donald Tsang Yam-kuen The SPAC will focus on acquiring companies in financial ... ( read original story ...)

Posted on 09/08/2022

Hong Kong raises size and guaranteed returns on its Silver Bond aimed at city’s 2 million elderly citizens

The guaranteed annual rate for the three-year bond has been raised to 4 per cent from 3.5 per for the previous batch issued a year ago 'We believe such a return will give [Hong Kong's elderly citizens ... ( read original story ...)

Posted on 09/08/2022

Salaries soar as Hong Kong banks engage in poaching war to hire & retain talent

HSBC saw its headcount fall to 20,500 in just two years as part of its restructuring. Hong Kong banks are shelling out large sums of money to attract, retain, and develop key staff amidst a shrinking ... ( read original story ...)

Posted on 09/08/2022

Flight Bookings to Hong Kong Surge 249% After Quarantine Cut

Hong Kong’s decision to reduce the number of days arrivals must spend in hotel quarantine triggered an immediate surge in flight bookings to the city, said China’s largest travel online agency. ( read original story ...)

Posted on 09/08/2022

Alibaba’s dual primary listing in Hong Kong gains final approval

Alibaba Group Holding Ltd said on Monday night its voluntary conversion to a dual primary listing in Hong Kong has been confirmed by the Hong Kong stock exchange. Alibaba, which already has a ... ( read original story ...)

Posted on 09/08/2022

No plans to waive extra stamp duty for mainland Chinese home buyers in Hong Kong, finance chief says in rejecting media reports quoting top adviser

Executive Council member Regina Ip earlier told Bloomberg move could be considered as a way to shore up economy and reverse brain drain She later tells Post this is her own idea that she intends to ... ( read original story ...)

Posted on 09/08/2022

Hong Kong says it has held no discussions on relaxing property stamp duty

Hong Kong's government said on Tuesday it had no plans to relax its stamp duty on property, responding to media reports that it could consider waiving the extra stamp duty that mainland Chinese have ... ( read original story ...)

Posted on 09/08/2022

HSBC Aims To Placate Hong Kong Investors After Rejecting Break-up Call From Ping An

HSBC's bosses will meet retail investors in Hong Kong on Tuesday, seeking to convince them that a strategy to operate as a unified bank is better for its future than a break-up mooted by top ... ( read original story ...)

Posted on 09/08/2022

HSBC hard sells growth plan to disgruntled investors after rebuffing breakup

HSBC executives on Tuesday defended the lender's strategy to operate as a global bank and promised better returns to disgruntled individual shareholders in Hong Kong, a day after rebuffing a break-up ... ( read original story ...)

Posted on 09/08/2022

Typhoon signal upgraded to no. 3 in Hong Kong as tropical depression looms

Hong Kong’s meteorological agency upgraded its typhoon warning to signal no. 3 on Tuesday morning as a tropical depression looms. ( read original story ...)

Posted on 09/08/2022

Alibaba gets Hong Kong’s approval for a primary stock listing

Alibaba is making Hong Kong a "primary" listing for its shares, paving the way for mainland China investors to trade the stock directly. ( read original story ...)

Posted on 09/08/2022

Hong Kong mulls cutting stamp duty for China homebuyers: Ip

Hong Kong may consider waiving extra stamp duty on homes for mainland Chinese buyers as a way to shore up the economy and reverse a brain drain, according to a top adviser to Hong Kong’s leader. Local ... ( read original story ...)

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