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Posted on 31/10/2024

Hong Kong Growth Slows in Third Quarter on Weak Exports, Demand

Hong Kong’s economy slowed to the weakest pace in five quarters on weakened exports and spending, underscoring external and domestic challenges facing the Asian finance hub.

Posted on 31/10/2024

Hong Kong economic growth misses forecast in third quarter: data

Hong Kong's economic growth in the third quarter missed analyst estimates as private consumption weakened, according to government figures released Thursday. Private consumption decreased by 1.4 ...

Posted on 31/10/2024

Nigeria’s Biggest Bank Opens HK Branch to Capture Asia Trade

(Bloomberg) -- Nigeria’s biggest bank is opening a new branch in Hong Kong in its first step of Asian expansion.

Posted on 31/10/2024

Nigeria’s Biggest Bank Opens Branch in Hong Kong

Nigeria's biggest bank is opening a new branch in Hong Kong in its first step of Asian expansion. Speaking to Bloomberg's Jennifer Zabasajja, Access Bank UK founding chief executive officer, Jamie ...

Posted on 31/10/2024

Hong Kong’s First De-SPAC Listing Still Leaves Sector in Limbo

After Hong Kong’s first listing of a firm acquired by a special purpose acquisition company, a long line of such deal vehicles in the city continues to struggle to find targets or receive regulatory ...

Posted on 31/10/2024

Ex-Baidu AI Scientist Becomes A Billionaire After Shares Of His Self-Driving Tech Startup Jump 16%

Yu Kai, the 47-year-old chairman and CEO of Horizon Robotics, enters the billionaire ranks less than a week after his Beijing-based company went public in Hong Kong.

Posted on 31/10/2024

Hong Kong college helps breaks ground in Antarctic research with cutting-edge technology

Expedition that ended in April has marked the first time a local institution participated in China’s polar mission.

Posted on 31/10/2024

Chinese planemaker COMAC expands overseas push with Hong Kong office, maintenance deal

SEOUL, Oct 31 (Reuters) - Chinese planemaker COMAC opened in Hong Kong its second office this week outside mainland China, a subsidiary said on Thursday, as the state-owned company tries to break into ...

Posted on 31/10/2024

Hong Kong’s failed land tender reflects weak outlook, derails urban renewal efforts

Hong Kong’s failure to sell a commercial site in Kowloon City this week represents a twin blow to the property market. The lone bid from CK Asset Holdings showed developers remained guarded on the ...

Posted on 31/10/2024

What do Beijing official Xia Baolong’s Jardine Matheson, HSBC meetings mean for Hong Kong?

Experts weigh in on back-to-back meetings with major British companies and the 'clear message' being sent to the US Meetings between Beijing's top official in charge of Hong Kong affairs and two major ...

Posted on 31/10/2024

HSBC coy on cost savings of revamp as quarterly profit tops expectations

HSBC Holdings beat third quarter profit expectations on Tuesday thanks to rising wealth and wholesale banking revenue, but kept investors waiting for more detail on how a sweeping overhaul of its ...

Posted on 31/10/2024

AIA posts record third-quarter new business value on China, Hong Kong growth

(Reuters) -Hong Kong-based insurer AIA Group reported a record value of new business (VONB) for the third quarter on Thursday, driven by strong demand for products in its key markets, China and Hong ...

Posted on 31/10/2024

Online Insurer Waterdrop Mulls Secondary Listing in Hong Kong

US-listed Waterdrop Inc. is looking at a secondary listing in Hong Kong as it seeks to expand its insurance business in the financial hub, according to Chief Executive Officer Shen Peng. The online ...

Posted on 31/10/2024

AIA Group posts record third-quarter new business value

Hong Kong-based insurer AIA Group reported a record value of new business (VONB) in the third quarter on Thursday, driven by strong growth across major operations.The insurer's VONB, which gauges ...

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