Sun Life has teamed up with medical services operators to capture high-net-worth customers in the Greater Bay Area, while Hang Seng Bank added new features for its Prestige customers.
Hong Kong police arrest 301 in crackdown on fraudsters with HK$370 million stolen in scams
Hong Kong police have rounded up 301 people in a 17-day crackdown on fraud syndicates accused of using internet and phone scams to cheat local residents out of HK$370 million (US$47.4 million). Senior ...
Hong Kong Home Prices Weakened Again in Q2 as Interest Rate Cuts to Come Later Than Market Expectations
reflecting the appeal of Hong Kong's business environment globally. Moreover, many professionals who have recently been approved by different talent schemes have begun to settle in Hong Kong, which is ...
Will new travel permits for Hong Kong permanent residents hurt the economy?
Economists say city’s already struggling retail and restaurant sectors could suffer with easier expat entry to mainland China, but are divided over strength of impact.
Hong Kong court adjourns winding-up trial of HNA Group by 6 weeks
Two separate lawsuits were filed earlier this year against the investment arm of HNA Group, which defaulted on a US$200 million bond in 2021 HNA Group (International), an investment arm of Chinese ...
HSBC HOLDINGS Buys Back Total ~8.05M Shrs for $550M Ytd
HSBC HOLDINGS (00005.HK) repurchased a total of 8.0486 million shares in the UK and Hong Kong markets yesterday (2nd), involving a total of $550 million, according to HSBC HOLDINGS' announcement. Of ...
Hong Kong grants visas to trio after HK$30 million investments under new residency scheme
Most of the amount, or 90 per cent, must be invested in financial assets such as equities on the Hong Kong stock exchange, debt securities, cash deposits, subordinated debts, eligible collective ...
Hong Kong and Australian authorities arrest 2 over drugs smuggled in stone statues
Authorities jointly crack down on syndicate, arresting boy, 17, in Perth and man, 37, in Hong Kong, over nearly 20kg of drugs, mostly Ice.
Hong Kong banks to reap rewards of high interest rates until late next year, KPMG says
The total assets of all licensed banks in the city last year rose by 2.7 per cent to HK$23 trillion (US$2.94 trillion), according to KPMG.
‘Race to the bottom’: Hong Kong home prices slump to multi-year lows, with change far off
Recent new-home launches have sold poorly despite decade-low prices, while prices of lived-in flats hit a nearly eight-year low, according to JLL.
Over 300 mainland Chinese and overseas companies develop business in Hong Kong with gov’t help in first half of 2024
The Hong Kong government’s investment promotion body has assisted more than 300 firms from mainland China and overseas to set up or expand their business in Hong Kong in the first half of 2024. A ...
New travel permits for Hong Kong permanent residents hurt economy? Play long game: experts
Economists say city’s already struggling retail and restaurant sectors could suffer with easier expat entry to mainland China, but are divided over strength of impact.
China Market Update: Alibaba Reports $26 Billion In Buybacks Left, Hong Kong
Asian equities were mixed but mostly lower overnight as Hong Kong and Pakistan outperformed.
HSBC Buys back ~11.35M Shrs in Total in 2 Days for HKD775M
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 11.349 million shares of the company on the UK and Hong Kong markets on Friday (28 June) and yesterday (1 July), i... HSBC HOLDINGS ...