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Posted on 07/11/2023

HSBC chief executive says wealth flow from mainland China to Hong Kong up 3 to 4 times this year

HSBC Group chief executive Noel Quinn said Tuesday wealth flow from mainland China to Hong Kong has grown by three to four times this year.

Posted on 07/11/2023

Hong Kong faces tough task to resettle residents of Instagrammable housing estate, waiting times for public flats potentially affected by move: lawmaker, concern group

Housing chief Winnie Ho says resettlement is 'difficult', but does not confirm whether rainbow-coloured Choi Hung Estate will be redeveloped after sources revealed plan Federation of Public Housing ...

Posted on 07/11/2023

Huawei Cloud’s flagship startup competition expands to Hong Kong

The expansion of the tech giant's accelerator programme into Hong Kong is a strategic move aimed at supporting the thriving tech ecosystem in the region.

Posted on 07/11/2023

Wuxi Biologics Unit Plans to Raise $470.5 Million in Hong Kong IPO

A Wuxi Biologics unit plans to raise up to $470.5 million through an initial public offering in one of Asia’s biggest stock markets.

Posted on 07/11/2023

Hong Kong’s property, finance, ESG and technology through the pens and key strokes of the Post’s veteran journalists

With more than a century of experience between them, the stories of the Post’s veteran journalists recount Hong Kong’s transformation in real estate, finance, ESG and technology.

Posted on 07/11/2023

More global firms quietly shifting out of Hong Kong as city tries to lure them back

Notion of ‘headquarters’ has already evolved, with MNCs learning from the painful lessons of the city’s Covid-19 shutdown. Read more at straitstimes.com.

Posted on 07/11/2023

Hong Kong remains a global financial powerhouse, key to developing mainland China’s economy, vice-premier He tells summit

Vice-premier He Lifeng says Global Financial Leaders' Investment Summit an important platform to showcase China's charm and Hong Kong's charisma The summit, hosted by the Hong Kong Monetary Authority, ...

Posted on 07/11/2023

WuXi Biologics’ medical research unit eyes up to $471 mln in Hong Kong IPO

China-headquartered WuXi XDC, the contract medical researching unit of WuXi Biologics (Cayman) , said on Tuesday it intended to raise up to HK$3.68 billion ($470.56 million) in one of Hong Kong's top ...

Posted on 07/11/2023

Danger still exists for borrowers, lenders in Hong Kong

Thanks to the US dollar currency peg, rates in Hong Kong should hold steady, too. That should bring some relief to long-suffering mortgage holders. Fed chief Jay Powell has described the US central ...

Posted on 07/11/2023

Alibaba’s Cainiao makes buyout offer for local rival Best ahead of planned blockbuster Hong Kong IPO

Chinese logistics firm Best recives buyout offer from consortium including existing investor Cainiao, the Alibaba logistics arm planning a US$1 billion IPO in Hong Kong.

Posted on 07/11/2023

China lent $1.34 trln in 2000-2021, focus shifts from Belt and Road to rescue finance-report

Chinese financial institutions lent $1.34 trillion to developing countries from 2000 to 2021, U.S. researchers at AidData said in a report that showed the world's biggest bilateral lender switching ...

Posted on 07/11/2023

Guests at Bored Ape event in Hong Kong struck by vision problems

More than a dozen attenders of NFT group’s festival, which used ultraviolet light, complained of ‘eye burn’ on social media ...

Posted on 07/11/2023

China’s Vice-premier He Lifeng to headline Hong Kong bankers’ summit, hot on heels of appointment to lead top finance body

He will participate virtually and three top mainland Chinese regulators will attend in person for the first time as the Global Financial Leaders’ Investment Summit gets under way on Tuesday, ...

Posted on 07/11/2023

Prudential: Hong Kong drives new business profits up 37 per cent as Asia strategy credited

Insurance giant Prudential’s new business profit rose to ($2,14bn) £1.7bn in third quarter, which was a 37 per cent increase on the same period for 2022 as the firm credits its new strategy.

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