The city's base rate remains unchanged at 5.75 per cent, according to the Hong Kong Monetary Authority Hong Kong's de facto central bank kept its base interest rate unchanged on Thursday for the ...
Hong Kong court adjourns China developer Shimao’s liquidation petition
Embattled Chinese property developer Shimao Group said on Wednesday a Hong Kong court had adjourned until Aug. 12 a liquidation hearing against the company, allowing it more time to work with creditors on a revised restructuring proposal.
Why Hong Kong’s Gen Z and millennial workers want to quit their jobs
Over 40 per cent of workers from these two generations often think about leaving their job, but 80 per cent believe financial preparedness would help them cope better, survey shows.
How to Invest in Triller Pre-IPO
However, on May 6, 2024, Triller withdrew this filing ahead of a planned merger with AGBA, a Hong Kong-based conglomerate that focuses on financial services and healthcare. This decision means Triller ...
Hong Kong economy grows by 3.3% in second quarter, but analysts caution against optimism
Financial Secretary Paul Chan Mo-po on Sunday stressed Hong Kong would cultivate new productive forces, adding that the mainland Chinese economy was providing "the most significant support" to the ...
Treasury sanctions Houthi weapons procurement newtorks in Hong Kong, Yemen
The U.S. Treasury Department on Wednesday sanctioned four companies and two individuals it said are part of Houthi weapons procurement networks in Hong Kong and Yemen.
Feature: Burnishing its economic credentials, Hong Kong appeals to more people with growing vitality
"Hong Kong remains to be one of the world's most open and competitive economies and continues to gain trust from foreign companies," Algernon Yau, secretary for commerce and economic development of ...
Chinese auto chip designer Black Sesame to raise up to US$143 million in Hong Kong IPO
Black Sesame’s listing initiative in Hong Kong would follow the successful initial public offering in June of Tencent Holdings-backed QuantumPharm.
HANG SENG BANK: Whether NPL Ratio Tops Out Depends on Various Factors; 2024 ECL Expected to Fall YoY
Diana Cesar, CEO of HANG SENG BANK (00011.HK), said in a press conference for the interim results that HANG SENG BANK's non-performing loan (NPL) ratio increased by 2.49 ppts to 5.32% due to the ...
Hong Kong’s so-called upside-down home loans steady, but could rise if prices fall further
The number of mortgage holders with negative equity fell 5.5 per cent to 30,288 at the end of June, from 32,073 at the end of March, according to HKMA data.
Hong Kong hits back at Italy’s protest against fencer Cheung’s win with posts on pineapple pizza
Hong Kong fencer Cheung Ka-long’s victory over Italy’s Filippo Macchi at the Paris Olympics has sparked an exchange of insults on social media, with Cheung’s supporters celebrating his win with posts about pineapple pizzas—widely considered a culinary blunder in Italian cooking.
Hong Kong mansion sells at 60% of broker’s estimate
The property is a two-storey detached house with a site area of about 912sq m. The house was put on sale by Jones Lang LaSalle Inc and Savills Plc, who had been appointed by receivers Acclime ...
Hong Kong stocks rebound after soft PMI data triggers stimulus hopes
Soft PMI readings point to risks of a further economic slowdown, giving Beijing more reasons to strengthen countercyclical measures, Nomura said.
HSBC rises 3% in Hong Kong after profit beat, share buyback announcement
Europe's largest lender HSBC posted a narrow decline in pretax profit in the first half of the year, but beat expectations on the back of a high-interest rate environment. The bank outlined its ...