New World Development Co., Hong Kong’s most indebted major property developer, expects to post its first annual loss in two decades after writing down assets following an extended real estate slump.
Hong Kong’s Cathay Pacific to buy back HK$1.53 billion in warrants issued to government
Hong Kong flag carrier Cathay Pacific Airways has entered into an agreement to buy back over HK$1.53 billion (US$196 million) in warrants it issued to the government as part of a bailout package ...
Beijing’s top office overseeing Hong Kong affairs vows to adopt ‘the spirit of driving nails’
Beijing’s top office overseeing Hong Kong affairs has vowed to adopt “the spirit of driving nails” and consider setting clear mission statements, timetables and priorities in delivering results related to the city. The Hong Kong and Macau Affairs ...
China Market Update: Hong Kong Gains, Mortgage Refinancing Powers Real Estate, Week In Review
Asian equities were mixed but mostly higher this week as Hong Kong outperformed and South Korea underperformed. Shares in E-Commerce giant PDD were volatile this week as the compa
Hong Kong year-on-year retail sales shrink again, by 11.8% in July, after summer exodus
Provisional figures from authorities record dip for fifth consecutive month, with roll-out of new e-commerce initiative aimed to limit decline.
Hong Kong After Dark: Dive into Unforgettable Nighttime Experiences This Season
Global travellers are invited to experience the vibrant nighttime celebrations in Hong Kong this fall. From Mid-Autumn Festival celebrations and the annual Hong Kong Wine & Dine Festival to Taste Around Town and citywide Halloween celebrations,
China considers allowing refinancing on $5.4 trillion in mortgages, Bloomberg News reports
China is considering allowing homeowners to refinance as much as $5.4 trillion in mortgages to reduce their borrowing costs, Bloomberg News reported on Friday, citing people familiar with the matter.
BOC HONG KONG (02388.HK) 1H24 Loan & Other Impairment Allowances Net at RMB2.067B, Hiking 68.7% YoY
BOC HONG KONG (02388.HK) announced that the net charge of impairment allowances on advances and other accounts in 1H24 was $2.067 billion, an increase of 68.7% YoY.Impairment allow... BOC HONG KONG ...
BOC Hong Kong (Holdings) (BNKHF) Gets a Buy from DBS
In a report released today, Manyi Lu from DBS maintained a Buy rating on BOC Hong Kong (Holdings) (BNKHF – Research Report), with a price ...
Hong Kong actress Carman Lee, actor Louis Koo reunite after 29 years
Hong Kong actress Carman Lee calls actor Louis Koo "Guo Er" as they reunited after 29 years since filming "The Return of the Condor Heroes."
Hong Kong Hang Seng Index closes 1.14 pct higher
HONG KONG, Aug. 30 (Xinhua) -- Hong Kong stock market ended higher on Friday with the benchmark Hang Seng Index up 1.14 percent to close at 17,989.07 points. The Hang Seng China Enterprises Index rose 1.34 percent to end at 6,331.14 points, and the Hang Seng Tech Index rose 2.87 percent to end at 3,560.61 ...
GSBN to trial Bill of Lading tokenisation in Hong Kong
Global Shipping Business Network (GSBN), a neutral, not-for-profit consortium enabling paperless, accessible and sustainable growth in global trade with its data infrastructure and ecosystem of ...
Chinese yuan deposits in Hong Kong exceed 1 trillion, cementing city’s offshore hub role
Improvement in equity-market sentiment and companies’ increasing need for yuan are driving the surge in deposits, according to analysts.
China mulls $7.9 trillion in mortgage refinancing as economy stutters
The government plan would let homeowners switch banks for cheaper loans, as the property slump drags down consumer spending and household wealth.