Chinese President Xi Jinping told Hong Kong leader Carrie Lam the city is developing in a good direction, days after an election installed a legislature of Beijing loyalists in the Asian financial hub ... ( read original story ...)
Maersk to buy Hong Kong’s LF Logistics in $3.6bn deal
Maersk is paying $3.6bn for Li & Fung’s contract logistics business as the world’s largest container shipping line works to boost its land-based operations. Flush with cash from record high shipping ... ( read original story ...)
Hong Kong’s office fit-out costs to increase next year as businesses regain confidence after recovering from Covid-19 pandemic
The average office fit-out cost in Hong Kong rebounded to pre-Covid-19 levels this year and is likely to get more expensive in 2022 amid rising business confidence. ( read original story ...)
Founding Family Of Footwear Giant Belle Takes A Big Step Into Hong Kong’s Startup Scene
Tang Yiu quietly built a multibillion-dollar business in Hong Kong selling women’s shoes across the Greater China region. Now, the 87-year-old’s little-known investment firm is backing some of Hong ... ( read original story ...)
Alibaba and Other Tech Stocks Rally In Hong Kong As Hang Seng Extends Rebound
Baidu Inc. (NASDAQ: BIDU), JD.Com Inc. (NASDAQ: JD), Tencent Holdings Inc. (OTC: TCEHY), Li Auto Inc. (NASDAQ: LI) and Xpeng Inc. (NYSE: XPEV) rose in Hong Kong on Wednesday. What’s Moving: Shares of ... ( read original story ...)
Hong Kong’s Lam in Beijing to report on ‘patriots only’ poll
Hong Kong’s leader Carrie Lam was meeting with top leaders in Beijing on Wednesday to report to them on the territory’s first legislative elections held under new laws ensuring that only “patriots” ... ( read original story ...)
China’s Li Urges Hong Kong Leader to Deepen Integration
Chinese Premier Li Keqiang urged Hong Kong leader Carrie Lam to deepen integration with China, after an election installed a legislature of Beijing loyalists in the Asian financial hub. ( read original story ...)
Hong Kong leads gains as Asia stocks rise; tech shares surge
Technology shares in Asia rose in Wednesday trade, following similar moves by their counterparts stateside overnight. ( read original story ...)
High Open Predicted For Hong Kong Stock Market
The Hong Kong stock market on Tuesday snapped the two-day losing streak in which it had tumbled more than 725 points or 3 percent. The Hang Seng Index now rests just above the 22,970-point plateau and ... ( read original story ...)
35% of Hong Kong Citizens Ready to Use Cryptocurrencies
Financial technology is gaining huge ground all across the Asia Pacific region. Now, a recent survey reveals just how much consumers are getting behind innovation in this area. The data revealed that ... ( read original story ...)
Shui On Land cashes in on opportunity to build land bank in China amid depressed buying sentiment
Shui On Land, the flagship property company of the Hong Kong-based Shui On Group, has acquired three residential parcels in Wuhan for US$2.67 billion. ( read original story ...)
Hong Kong’s end of year report
I wrote a piece entitled “The Future of Hong Kong as an International Finance Centre[1]”. I began with a Churchill quote – “It is always to look ahead, but difficult to look farther than you can see. ( read original story ...)
Hong Kong’s Year as the Worst Stock Market in Four Charts
Hong Kong stock investors won’t be sorry to see the end of 2021, with the city’s main benchmarks racking up the worst losses this year among major global equity indexes. ( read original story ...)
The Banking Jobs Algos Can’t Destroy
Good investment banking jobs are disappearing. Much of the business has been long replaced by machines and computer algorithms. Almost all equity trading is now done electronically. Even high-yield ... ( read original story ...)