Hong Kong developer Hang Lung Properties’ 2024 earnings slumped 45.8 per cent from a year earlier due to lower operating leasing profits and higher finance costs. The company’s net profit attributable ...
HK’s financial system endorsed by IMF
An International Monetary Fund report reaffirms Hong Kong’s position as an international financial centre, and recognises that the city’s financial system remains resilient.
KPMG: Slower than expected interest rate cuts to support bank margins in 2025
Banks should prioritise cost optimisation, data governance, and digital transformation to build a foundation for long-term growthHONG KONG SAR – Media OutReach Newswire – 24 January 2025 – Hong Kong’s ...
Phishing alert as Hong Kong workers warned to be wary of fake company emails
Almost 10 per cent of workers clicked on a fake human resources department survey, a test involving 37,220 employees found.
Obesity biotech Aardvark eyes IPO as Ascentage makes $126M Nasdaq debut
The buzz around biotech IPOs is continuing through January, with clinical-stage metabolic company Aardvark Therapeutics ...
Stock market today: Asian shares gain after S&P 500 climbs to a record and Bank of Japan raises rate
Tokyo's Nikkei 225 index gained 0.3% to 40,074.87 after the central bank raised its benchmark rate to about 0.5% from 0.25%, as widely expected. It is the highest level for the rate since 2008, as the ...
US lawmakers seek rights sanctions over Hong Kong, text shows
Republican and Democratic U.S. lawmakers will introduce a bill on Friday requiring the Trump administration to review whether Hong Kong officials should be sanctioned for human rights violations, ...
Hang Lung Properties secures HK$10bn loan from banks; 2024 profit dips
The Hong Kong property developer secured the deal with a consortium of international, Chinese and local banks; the company cited "challenging" market conditions in mainland China and Hong Kong as 2024 ...
Hong Kong’s lived-in home prices complete third year of decline in worst run since 2003
Prices of second-hand homes fell in December, snapping a two-month rebound, and have dropped 27 per cent over the past three years.
Boys’ hockey notebook: Kinno Zhu learned the game in Hong Kong and now shines on Braintree’s top line as a freshman
There might be kids that are bigger, faster, and stronger, but they don’t have the same hockey IQ,” said Braintree coach Dave Fasano. “He does a lot of good things out on the ice.” ...
Hong Kong home prices slip in Dec, fall 7.1% in 2024
Hong Kong's home prices fell 0.7% in December and 7.1% in 2024, government figures showed, as the property market struggles to find a bottom despite interest rate cuts and government support measures.
Hong Kong Races to Find Its Property Market Bottom
As fiscal income from land sales evaporates, Hong Kong is removing all of its onerous property cooling measures that have been in place for over a decade. The government is making an audacious attempt ...
Hang Seng Index
Hang Seng Index snaps six-day losing streak after CSRC says every effort will be made to maintain market momentum. Hong Kong stocks post ... The Swiss bank expects the city’s benchmark index ...
Hong Kong can become a multicurrency bond hub with Beijing’s support: experts
Many Hong Kong public bodies have seen increasing interest in multicurrency bonds to attract more international investors, UBS says.