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Posted on 09/10/2024

Yen for Hong Kong: Japanese tourists are returning in droves, but for how long?

Japanese tourist arrivals to Hong Kong are up 106 per cent so far this year, but industry analysts say the weak yen threatens further growth.

Posted on 09/10/2024

Hong Kong consumers struggle with bills and loans despite rising incomes, TransUnion says

Rising incomes in Hong Kong are not easing financial stress, with 25 per cent of people unable to pay bills fully.

Posted on 09/10/2024

DBS head of institutional banking group in Hong Kong to depart

DBS Group Holdings’ head of institutional banking group Hong Kong, Wallace Lam, will be leaving South-east Asia’s biggest lender, according to a spokesperson. Read more at The Business Times.

Posted on 09/10/2024

US chain Garrett Popcorn announces departure from Hong Kong in 13 years amid wave of business closures

American chain Garrett Popcorn has announced plans to close all five branches in Hong Kong, 13 years after it opened its first store in the city. “Garrett Popcorn Shops will be cooking our last ...

Posted on 09/10/2024

HSBC appoints William Chan as investment head for global insurance

He leads a team of investment specialists in Hong Kong. HSBC has appointed William Chan as global chief investment officer and head of investments for global insurance, effective immediately. Chan is ...

Posted on 09/10/2024

Should Hong Kong banks pay you back if you are the victim of a financial scam?

About HK$4.5 billion in losses have been incurred from scam and fraud cases in the city in the first six months of 2024.

Posted on 09/10/2024

Hong Kong Dollar Funding Costs Slip as Local Stock Frenzy Fades

A gauge of interbank borrowing costs in Hong Kong dropped for the first time in 13 sessions as local stocks retreated following a rally fueled by China’s stimulus blitz.

Posted on 09/10/2024

Hong Kong’s economy needs firing up. Can John Lee deliver with his policy address?

City leader should prioritise tapping into emerging markets, diversifying the economy and amplifying Hong Kong's attractiveness, observers say From serving set meals of HK$500 (US$64) per person to offering HK$58 beef rice,

Posted on 09/10/2024

Why Singapore and Hong Kong want money to serve a purpose

From rewarding environment-friendly spending and channeling government grants to deserving beneficiaries, they may be setting a global trend.

Posted on 09/10/2024

Hong Kong housing market needs more rate cuts, wealth from stock gains to end slump

Lower financing costs and greater wealth effect from stock gains are needed to overcome another year of declines in home prices, analysts say.

Posted on 09/10/2024

Spirit of Hong Kong Awards: start-up CEO creates AI-powered, stair-climbing wheelchair

A Hong Kong-based tech start-up has developed a wheelchair powered by artificial intelligence (AI) with the ability to climb stairs after designers gained inspiration from one of their team’s home ...

Posted on 09/10/2024

Transformation of historical waterfront site on Hong Kong Island marks beginning of new legacy

One Causeway Bay, overlooking Victoria Harbour, promises cutting-edge design and premium office space in heart of city.

Posted on 09/10/2024

Stock market today: Wall Street rebounds after Hong Kong stocks fall to worst day since 2008

U.S. stocks rebounded Tuesday after falling oil prices released some of the pressure that built up on the market. The S&P 500 rallied 1% to claw back all of its loss from the day before. The Dow Jones ...

Posted on 09/10/2024

‘Piecemeal’ changes to Hong Kong inheritance laws ‘undesirable’, top court told

Legal counsel for the government has warned against introducing “piecemeal” amendments to Hong Kong’s intestacy laws before authorities conclude a review on the recognition of same-sex partnerships pursuant to a court order.

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