The stock-exchange operator said Thursday that net profit reached a fourth-quarter high of 3.78 billion Hong Kong dollars, beating market expectations.
Hong Kong stock exchange reports record profits after China stimulus
High interest rates in the US, which translate directly to Hong Kong due to the territory’s dollar peg, had depressed dealmaking in the city. Coupled with its exposure to China’s economic slowdown, ...
Hong Kong exchange’s 2024 profit rises 10% on higher trading revenues
Hong Kong's bourse operator reported on Thursday a 10% rise in profit in 2024, beating forecasts, bolstered by a sharp jump in trading revenues after the announcement of China economic stimulus ...
Hong Kong cutting 10,000 civil service jobs – is it enough to turn its finances around?
Hong Kong's government workers will bear the brunt of the biggest cuts in the finance chief's bid to balance the books as the city braces itself for a fourth straight year of deficit.
Hong Kong Looks to Save Pennies to Fight Its Way Out of the Red
The Hang Seng Index has soared 21% since Trump’s inauguration to touch a three-year high. The gauge has benefited from DeepSeek’s breakthrough and President Xi Jinping’s declaration to high-profile ...
US targets firms in China, Hong Kong over alleged role in Iranian drone procurement
The United States imposed sanctions on six entities based in Hong Kong and China on Wednesday that it accused of being involved in an Iranian drone procurement network, as the Trump administration ...
Hong Kong Property And Jewelry Magnate Navigates Perfect Storm
Henry Cheng, chairman of New World Development and Chow Tai Fook Jewellery, saw his fortune drop $2.6 billion.
Next wave of disruptors unveiled at HKTDC’s Start-up Express International 2024
From fintech to biotech, start-ups from around the world gather in Hong Kong to explore growth opportunities, funding and cross-border expansion ...
Hong Kong’s 50 Richest 2025: Stock Market Rally Lifts Wealth But Property Woes Linger
ByJane Ho, Forbes Staff. I cover Asia's wealth and entrepreneurs from a base in Singapore. This story is part of Forbes’ coverage of Hong Kong’s Richest 2025. See the full list here. Though Hong ...
Radiating from Hong Kong, FILMART Is the One-Stop Hub for Asia’s Entertainment Market
A must-attend content marketplace for industry elites, FILMART serves as the gateway to the Asian entertainment market. The concurrent events of FILMART and EntertainmentPulse feature a powerful ...
Treasury sanctions six Hong Kong entities for helping Iranian drone network
The U.S. Treasury Department's Office of Foreign Assets Control Wednesday sanctioned six Hong Kong companies for allegedly being part of a covert Iranian drone procurement network.
Hong Kong developer Sino Land reports 30% earnings drop, points to full pipeline
Major Hong Kong developer Sino Land reported a more than 30 per cent drop in earnings for the first half of its financial year amid a slow pace of recovery in the city’s property sector. The company ...
Hong Kong’s latest budget aims to cut spending to tackle record HK$87b deficit
Hong Kong Finance Secretary Paul Chan has unveiled a "belt-tightening" budget aimed at ending the city's series of record-high deficits. The city is projected to mark its third consecutive financial ...
13 things you need to know about in Hong Kong’s 2025 budget
Hong Kong’s finance chief has revealed a series of measures to strictly control government expenditure as the city grapples with an estimated deficit of HK$87.2 billion in the 2024-25 financial year ...