The Hong Kong insurer has issued policies worth at least US$50m over the past year. HSBC Life Hong Kong has set a new Guinness World Record by issuing the most valuable life insurance policy ever sold ...
Hong Kong finance chief defends monthly HK$1 million fireworks after pushback from residents
Hong Kong’s finance chief has defended plans for monthly fireworks shows that would cost HK$1 million each and are intended to entice tourists to stay longer in the city. Responding to residents in a ...
Guinness World Records: HSBC Life clinches title with US$250 million insurance policy sale in Hong Kong
The policy sale to an Asian customer handily surpasses the US$201 million cover bought by a tech billionaire in California in March 2014 Policy sale shows Hong Kong's rise as a leading ...
Hong Kong budget 2024-25: city delays Lantau Island reclamation project, orders all departments to tighten belts
In ‘a fiscal consolidation programme’, finance chief’s budget lists steps to cut expenditure in areas ranging from infrastructure to transport to civil service.
Chabaidao Joins Hong Kong IPO Tea Party
Chabaidao’s revenue grew 34.8% to 5.7 billion yuan in 2023, as the company has been consistently profitable over the last three years The premium tea chain operator plans to keep growing through ...
Hong Kong budget 2024-25: Paul Chan is proposing a new income tax threshold. But which high earners are set to foot the bill?
City leader John Lee is the only government official set to contribute extra to public coffers under finance chief's plan to introduce two-tiered standard rates tax regime MTR Corp executives, finance ...
As it happened: Hong Kong budget – all property curbs scrapped by finance chief Paul Chan in radical bid to boost ailing market
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{Short Sales}Full-day T/O at HK$17bn, or 15% of Total
HK$107.02 billion, with short-sales accounting for HK$16.58 billion, or 15.49% of the market's turnover. There were 667 short-selling stocks. TRACKER FUND (02800) and HSBC HOLDINGS (00005) saw higher ...
Hong Kong Budget 2024: Finance chief asks for ‘understanding’ over lack of sweeteners
Hong Kong’s finance chief has asked for the public’s “understanding” over a lack of sweeteners in this year’s budget, as a lawmaker said he was disappointed that the annual speech did not address ...
HSBC posts record annual profit but misses estimates on China write-down, shares tumble 7%
HSBC reported on Wednesday its full year 2023 pre-tax profit climbed about 78% to $30.3 billion from a year ago, missing median estimates of $34.06 billion from analysts tracked by LSEG.
Hong Kong Budget 2024: City’s economy grew by 3.2% last year, inflation ‘moderate’
Hong Kong’s economy grew by 3.2 per cent in 2023 after the city lifted stringent Covid-19 restrictions, but the “difficult external environment” continued to limit the pace of growth, the city’s ...
HSBC HOLDINGS Buys back 5.15M+ Shrs for HKD307M Ytd
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 5.1543 million shares of the company yesterday (27th) in the UK and Hong Kong markets for a total amount of HKD307... HSBC HOLDINGS ...
Hong Kong budget 2024-25: finance chief Paul Chan to deliver blueprint some experts are calling the most difficult ever
Hong Kong finance chief Paul Chan Mo-po will offer his solutions to the city’s sluggish economy and shrinking fiscal reserves in what some analysts are calling the most difficult budget blueprint ever ...
Hong Kong Budget Set to Focus on Boosting Competitiveness, Lifting Recovery
Growth has been picking up, but the recovery hasn’t been as strong as expected, Financial Secretary Paul Chan has said. The external environment remains volatile, and “as a small and fully open ...