At closing bell, the benchmark Hang Seng Index added 0.47%, or 136.44 points, to 29,106.15, the highest level since March 18. The Hang Seng China Enterprises Index advanced 0.59%, or 65.44 points, to ... ( read original story ...)
Citigroup to hire 2,300 staff in Singapore and Hong Kong to boost global wealth business
This includes 1,100 relationship managers and private bankers in newly merged wealth unit.. Read more at straitstimes.com. ( read original story ...)
Prosecution witnesses lied about former lawmaker’s behaviour on night of alleged social-distancing violation, Hong Kong court hears
Chan is charged with taking part in an illegal gathering at HANDS bar in Sham Shui Po last April Defence counsel says the two witnesses were not out socialising as they claim and were actually ... ( read original story ...)
Trip.com Group CEO: Hong Kong secondary listing a natural choice
The parent company of booking sites Trip.com, Ctrip, Qunar, and Skyscanner, Trip.com Group is the latest among 14 U.S.-listed Chinese firms to have sought secondary listings in Hong Kong since 2018. ( read original story ...)
HK$358 million worth of contraband cigarettes seized in Hong Kong so far this year – up 137 per cent from whole of 2019
Hong Kong authorities have confiscated HK$358 million (US$46 million) worth of contraband cigarettes so far this year - up 137 per cent from what was seized in the whole of 2019. Nearly 133 million ... ( read original story ...)
HSBC’s CEO is swapping his office for a hot desk
HSBC is scrapping the executive floor at its Canary Wharf headquarters in London, as one of the world's biggest banks slashes office space and moves towards new ways of working following the pandemic. ( read original story ...)
Trip.com up more than 4% in Hong Kong IPO; top executive expects ‘record number’ of China travelers
Trip.com on Monday saw a strong start to its debut in Hong Kong, with shares jumping more than 4% from their issue price. ( read original story ...)
India: Co-working startup Simpliwork looks to expand in Singapore, Hong Kong
Simpliwork Offices Pvt. Ltd is planning to expand its operations in overseas markets such as Singapore and Hong Kong, and ramp up presence in key cities in India, on the back of strong demand for ... ( read original story ...)
Hong Kong stocks approach five-week high with earnings in focus as China dismisses Huarong distress
Hong Kong stocks trade at the highest level since March 11 as traders look forward to earnings reports from Hang Seng Index members. Trip.com gains on debut, while mainland China markets are steady ... ( read original story ...)
HSBC Asia Technology M&A Head Choy to Join Midea as CFO
HSBC Holdings Plc’s head of technology mergers and acquisitions in Asia Jeremy Choy is joining Chinese home appliances giant Midea Group Co. as its chief financial officer, according to people ... ( read original story ...)
Yuan internationalisation goal ‘is not to replace US dollar’, top China banking official insists
China’s efforts to promote its digital currency as well as the internationalisation of the yuan had caused concerns it wanted to topple the US dollar as the world’s main reserve currency. ( read original story ...)
Hong Kong’s office leasing market is becoming a tenants’ market and is on the road to recovery
At first glance, the performance of Hong Kong's office leasing market in the first quarter of this year was a continuation of the deteriorating fundamentals that have plagued the sector for the past ... ( read original story ...)
SOSV-backed insurtech startup Ignatica banks $7m in pre-series A money
Hong Kong-based insurance platform Ignatica said it raised US$7 million in a pre-series A funding round led by growth capital private equity fund Ling Feng Capital. Other backers such as US-based SOSV ... ( read original story ...)
Coronavirus: compulsory testing order issued for Hong Kong’s Harbour City after visit by person believed to be carrying mutant strain
The patient, believed to be the 31-year-old woman confirmed to have the more virulent N501Y coronavirus strain on Sunday, is said to have visited a dessert shop at the Hong Kong mall. ( read original story ...)