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Posted on 27/03/2024

Hong Kong’s MTR Corp fare adjustment formula should include broader profits, lawmakers say after fresh increase

Lawmaker Michael Tien says company's non-property development profits should be added to mechanism used to control price rises MTR Corp has announced fares will rise by a maximum of 3.09 per cent, ...

Posted on 27/03/2024

Worsening tensions between China and the U.S. will make Hong Kong and its ‘unique status’ even more important, says the city’s top financial official

We are different from the rest of China, in terms of our way of doing things in business," Paul Chan said on Wednesday at the Fortune Innovation Forum.

Posted on 27/03/2024

Alibaba sends out SOS on Hong Kong’s market

Alibaba , is delivering a wake up call for owners of unlisted Chinese assets. The e-commerce giant ditched plans to float its logistics unit in Hong Kong and offered to buy out minority shareholders ...

Posted on 27/03/2024

After decent World Cup, Hong Kong triathlon head coach Andrew Wright expects medals from his squad at 2025 National Games

Wright says several of his team had ‘very good’ races at the recent World Cup, and with a fit full team, ‘we will have a very good medal hope’ next year.

Posted on 27/03/2024

Chinese buyers benefited from Hong Kong’s property curbs removal

Mainland Chinese buyers are aggressively snapping up new luxury homes worth HK$30 million (140 million baht) or more since the removal of all of Hong Kong's property curbs last month, JLL said.These ...

Posted on 27/03/2024

HSBC’s Gold Token Goes Live for Retail Investors in Hong Kong

May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now The tokenized gold product is available via HSBC Online Banking and ...

Posted on 27/03/2024

SBI, BOB, HDFC, ICICI Bank shares: Investors in Singapore, Hong Kong find PSB stocks interesting, say this on private lenders

Institutional investors, Nomura India said, largely believe that the worst may be behind for HDFC Bank share price. Most investors are also comfortable with a potential low-teens loan growth outlook o ...

Posted on 27/03/2024

Hong Kong is not ‘over’, says Paul Chan

Financial Secretary Paul Chan on Wednesday rejected the idea that Hong Kong is finished as a finance hub, pointing to the city's edge in various ...

Posted on 27/03/2024

UBS to Nearly Double Planned HK Office and Occupy Entire Tower

UBS Group AG will lease an entire 14-story office tower in Hong Kong — almost double the space it initially planned — helping provide a vote of confidence for a city battling to keep its status as the ...

Posted on 27/03/2024

Hong Kong’s Moribund Market Loses Another Big Deal From Alibaba

One of Hong Kong’s last big hopes for a resurgence of its IPO market has been dashed by Alibaba Group Holding Ltd.’s move to scrap a listing of its logistics unit, piling pressure on the financial hub ...

Posted on 27/03/2024

What’s getting in the way of Hong Kong’s reputation as a global financial hub?

Hong Kong is a leading global financial hub, however in 2023, amidst geopolitical tensions, regulatory changes, and evolving media narratives, Hong Kong’s reputation has undergone significant scrutiny ...

Posted on 27/03/2024

Hong Kong stocks tumble as Alibaba’s scrapping of logistic unit IPO weighs on sentiment

Hong Kong stocks underperformed the region as sentiment was dealt a blow by the cancellation of a Hong Kong IPO of Alibaba Group’s logistic unit and a cautious outlook from electric vehicle maker BYD.

Posted on 27/03/2024

HSBC launches tokenised gold for retail customers in Hong Kong as government pushes for publicly accessible digital assets

HSBC Gold Token, which will be available on the lender’s online banking and mobile app, is the first such retail product to be issued by a bank, according to HSBC, as the government pushes for more ...

Posted on 27/03/2024

UOB names new global markets head and Hong Kong chief

Adaline Zheng, who was head of wholesale banking and alternate chief executive officer (CEO) at UOB China, took over as CEO of UOB’s Hong Kong branch on March 25.

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