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Hong Kong tops Asia as city with most ultra-wealthy residents: report
Hong Kong is the Asian city with the highest number of ultra-wealthy property owners, according to a report released on Tuesday. Using a wealth intelligence database called Wealth-X, London-based data ...
Analysis: China’s financial regulatory revamp raises hope, some concern over control
A new Chinese financial watchdog will help bridge regulatory gaps but analysts and investors say the agency will consolidate power at the top and could introduce more state and party intervention.
Hong Kong stocks fall 2% as Fed’s Powell hints at more rate hikes ahead
Hong Kong shares dropped more than 2% after Jerome Powell cautioned that interest rates may need to be higher than the central bank expected.
Tech stocks slump in Hong Kong as China regulatory overhaul induces caution while traders bet on more aggressive Fed tightening
China is putting more power under new national agencies to oversee the local financial markets, as well as data security amid US tech rivalry Traders raised bets on higher rates after Fed Chair Powell ...
Hong Kong’s Cathay posts $834 million loss for 2022
Cathay Pacific Airways Ltd. said it was ready to rebuild as Hong Kong opened up to global visitors, despite reporting wider losses in 2022. The airline reported an annual loss of 6.55 billion Hong Kong dollars ($834.
SoftBank-Backed Startup Ziroom Is Said to Mull $1 Billion HK IPO
Chinese home rental platform Ziroom Inc. is considering a Hong Kong initial public offering that could raise about $1 billion as soon as this year, according to people familiar with the matter.
Hong Kong’s Cathay Pacific posts $834 million loss for 2022
Cathay Pacific Airways Ltd. said it was ready to rebuild as Hong Kong opened up to global visitors, despite reporting wider losses in 2022. The airline reported an annual loss of 6.55 billion Hong Kong dollars ($834.
China’s SHEIN set to raise $2 bln, eyes US IPO later this year -sources
HONG KONG, March 8 (Reuters) - Chinese online fashion retailer SHEIN ... The company last month held initial talks with several investment banks to pick lead bookrunners for the U.S. IPO, said two of ...
Tech stocks sink as Hang Seng slips below 20,000 points amid China regulatory overhaul, hawkish Fed policy tone
Hong Kong stocks slumped by most in five weeks amid China’s moves to strengthen its regulatory oversight of the financial markets and preparing plans to overcome US technology curbs. Traders bet the ...
Chinese bank earnings threatened by early mortgage payments
Chinese banks are facing a new earnings challenge as growing numbers of homebuyers pay off their mortgages ahead of schedule, threatening lenders with the loss of years of anticipated interest income.
Hong Kong’s Cathay Pacific reports first operating profit since 2019
Hong Kong carrier Cathay Pacific on Wednesday reported its first annual operating profit since 2019 as the airline fights to return to pre-pandemic flight capacity. The company said in its statement ...
Hong Kong Stocks Open With A Big Loss
Hong Kong stocks tumbled more than one percent at the open Wednesday after Federal Reserve boss Jerome Powell warned the bank will continue to hike interest rates as it tries to quell inflation.
Woman is latest to be arrested in murder of Hong Kong model Abby Choi
Hong Kong police have arrested a seventh suspect in the gruesome murder of 28-year-old socialite and influencer Abby Choi, whose dismembered body was found in large pots of soup. On Tuesday, police ...