McKinsey is overhauling its China business after cutting back on government-linked clients and reducing the unit’s workforce by nearly 500 people, about a third of the total.To reduce security risks ...
McKinsey Cuts Hundreds of Jobs in China Business, WSJ Reports
(Reuters) - U.S.-based consulting firm McKinsey is revamping its China business after reducing its government-linked clients and cutting about 500 jobs, which is around a third of its China workforce, ...
Hong Kong Regains Title as World’s Freest Economy From Singapore, Researcher Says
Hong Kong resumed its half-century run as the world’s freest economy, wresting the title from rival Singapore, according to a Canadian researcher.
Hong Kong businesses back John Lee’s economy-focused blueprint, but not everyone is happy
City leader's policy address scores points for pledge to explore new economies and sectors, but comes under fire for subdivided housing rules Hong Kong business leaders have described Chief Executive ...
Hong Kong stocks snap 2-day loss on hope of fiscal support details
Stocks traders are also keeping an eye on Wednesday’s third policy address by Hong Kong Chief Executive John Lee Ka-chiu. He is expected to announce plans to diversify the economy through innovation ...
HK startups leverage AI for growth in education and tourism
As large language model (LLM) technology advances, Hong Kong startups are leveraging it to develop a wide range of end-product applications, with a particular focus on education and tourism to tap ...
Hong Kong pushes reforms to spark economic growth, cut liquor duties
Hong Kong's leader pledged on Wednesday to reform and revive the economy and financial markets including slashing liquor duties, while seeking to improve dire living conditions for the city's poorest.
Switzerland’s wealth managers bank on a future in Asia
In times of war, political turmoil and rising taxes, the country’s stability and geopolitical neutrality — combined with its strict adherence to banking discretion — supported a thriving and ...
Hong Kong cuts liquor tax in effort to reignite its nightlife industry
HONG KONG (AP) — Hong Kong’s leader announced a cut to liquor tax Wednesday as the Asian financial hub hopes to revive its reputation as a travel destination with a vibrant nightlife and dining scene.
Intel-Backed Horizon Robotics Seeks Up to $696 Million in Hong Kong IPO
Horizon Robotics, a Chinese provider of software and hardware used in autonomous driving systems, is aiming to raise as much as HK$5.4 billion ($696 million) in its Hong Kong initial public offering, ...
Hong Kong starts insider trading case against Dickson Poon in 2019’s PayPal-linked deal
Dickson Poon, ex-husband of actress Michelle Yeoh, denies the allegation; his son and Dickson Concepts will also contest the SFC notice, according to filing.
Hong Kong’s Rising Appeal Among Middle Eastern Family Offices
Hong Kong's advantages as a global financial hub and gateway to China's markets make it an attractive destination for Middle Eastern ultra-high net worth families.
Hong Kong to host Rockefeller, Middle East tycoons at global family office forum
Standard Chartered to kick off its inaugural global family office forum in Hong Kong as the city enhances its role in the region.
Average salary hikes in Hong Kong, GBA dip in 2024
The average salary for employees in Hong Kong and the Greater Bay Area (GBA) saw a slight decrease in 2024, according to new data from the Hong Kong Institute of Human Resource Management (HKIHRM).