The pandemic has worsened Hong Kong’s wealth gap, with the city’s poorest making 47 times less than its wealthiest residents. In the pre-COVID-19 era, the highest earners made 34.3 times more. ( read original story ...)
Hong Kong home prices could nosedive 30% through 2023: Goldman Sachs
Hong Kong home prices are set to plummet by as much as 30 percent ... we expect further downside risks to the residential property market, which could mean continued price falls and low transaction ... ( read original story ...)
Consulates in Hong Kong faced with ‘unusual’ request from Beijing for information on their city properties
Several diplomats based in Hong Kong have said they are still considering how to comply with what one called an “unusual” request by China’s foreign ministry to provide details about properties their ... ( read original story ...)
Hong Kong stocks slip on China concerns after sharp rally
The sub-index of the Hang Seng tracking energy shares climbed 0.5% and the Hong Kong property sector edged up 0.09%, while the IT sector dipped 0.61% and the financial sector slid 0.34% ** The top ... ( read original story ...)
China Finance Ministry to Issue an Extra 5.5 Billion Yuan of Treasury Bonds in Hong Kong
HONG KONG (Reuters) - China's finance ministry said on Thursday that it will issue an additional 5.5 billion yuan ($773.18 million) worth of yuan-denominated sovereign bonds in Hong Kong on Oct. 12. ( read original story ...)
Covid: Hong Kong to lure tourists with free air tickets
On Wednesday, British airline Virgin Atlantic said it will stop operating in Hong Kong because of issues linked to the Ukraine war. "The airport authority will finalise the arrangement with airline ... ( read original story ...)
Hong Kong to lure tourists with 500,000 air tickets
Hong Kong says it will give away 500,000 airline tickets, worth HK$2bn ($254.8m; £224.3m), as it tries to boost its Covid-hit tourism industry.The city rolled back several of its coronavirus rules in ... ( read original story ...)
First Mover Asia: BitMEX Shift From Hong Kong Reflects the Toll of Stringent Covid Policies; Bitcoin Trades Sideways Amid Energy, Employment Concerns
The crypto exchange leased out a full floor of the prestigious Cheung Kong Center in 2018 but now relies increasingly on remote work. BitMEX’s largest office is now in Singapore. ( read original story ...)
Hong Kong to give away 500,000 airline tickets next year as part of global campaign to revive tourism
Chief Executive John Lee Ka-chiu is already under pressure from business groups and industry leaders to provide a road map outlining Hong Kong’s return to normality, including the lifting of all entry ... ( read original story ...)
Hong Kong stocks pare best rally in 5 months as Goldman sees bigger slide in home prices, CALB slips below IPO price
Chinese electric-car battery maker CALB opened flat on its first day of trading in Hong Kong. The stock opened unchanged from its IPO price of HK$38, before changing hands recently 1.4 per cent lower ... ( read original story ...)
Battery Maker CALB Opens Flat After $1.3 Billion Hong Kong IPO
It capped the biggest first-day decline on record for a listing of that size or bigger in the city. IPO proceeds in Hong Kong are down nearly 75% for the year, and half of the 18 companies that listed ... ( read original story ...)
Battery Maker CALB Falls in Hong Kong Debut
By Yifan Wang Chinese electric-vehicle battery maker CALB Co. fell in its Hong Kong trading debut, becoming the latest newly listed company in the ... ( read original story ...)
Credit Suisse sees another departure as Hong Kong-based managing director leaves for HSBC
Credit Suisse has become a poaching ground for rivals recently, with the bank struggling to contain the fallout of a series of scandals Read more at straitstimes.com. ( read original story ...)
China’s CALB shares open flat in Hong Kong listing debut
HONG KONG (Reuters) -Chinese lithium battery maker CALB Co's shares opened in line with their HK$38 apiece issue price in the company's Hong Kong Stock Exchange debut on Thursday. Load Error The ... ( read original story ...)