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Tag: business

Posted on 24/10/2024

Beijing touts Hong Kong’s business bona fides amid rights restrictions

“Since its return to China, Hong Kong has retained its status as an international financial, shipping and trade center, remained free and open, and maintained world-class business environment.” The ...

Posted on 23/10/2024

Hong Kong’s financial system has learned from past crises, braced to beat shocks: Paul Chan

Finance chief tells forum in US that city is ‘back once again with a stable, welcoming and promising business environment’.

Posted on 23/10/2024

Hong Kong exchange’s third-quarter profit up 7%, beating estimates

HONG Kong’s bourse operator reported a 7 per cent rise in third-quarter profit on Wednesday, ahead of forecasts, as buoyant trading and signs of revived listing activities boosted revenue. Read more at The Business Times.

Posted on 22/10/2024

AI Chip Startup Kneron Seeks Funds at $1 Billion Valuation

Artificial intelligence chip startup Kneron Inc. is in talks to raise $300 million in its latest funding round, which could value the Taiwanese-American company at about $1 billion, according to two ...

Posted on 22/10/2024

Hong Kong property market sees price increases as confidence returns, sales surge

Chinachem Group, the developer of Echo House, has raised the price of the second batch of 50 flats by about 4 per cent amid a surge in interest.

Posted on 22/10/2024

Commentary: Were warnings of Hong Kong’s demise as a financial hub exaggerated?

Hong Kong and Singapore play different but complementary roles as Asia’s top financial hubs, says Penta Group’s David Cook.

Posted on 22/10/2024

Hong Kong help sought to create financial hub

Thailand is seeking a partnership with Hong Kong to collaborate in the development of a financial hub that will serve as a gateway to Asean markets.

Posted on 22/10/2024

CITIC to Sell Stake in McDonald’s China, Hong Kong Business for $430.3 Million

(Reuters) - China's state-owned CITIC Ltd has agreed to sell its 19.23% stake in Fast Food Holdings, the company behind McDonald's China and Hong Kong operations, to Trustar Fast Food Holdings for ...

Posted on 22/10/2024

Hong Kong holds off sweeping privacy law revamp over concerns of impact on businesses

Privacy watchdog says stakeholders feel stiffer penalties over data breaches ‘should be done carefully amid lukewarm economic climate’.

Posted on 21/10/2024

Alibaba start-up competition: Hong Kong officials tout city as ideal launch pad

Speakers at the Jumpstarter Ignition Gala highlighted the city’s advantageous position between mainland China and the larger Asia-Pacific market.

Posted on 21/10/2024

‘Business will be severely impacted’: Hong Kong flower market concern group speaks out against redevelopment

Local residents and business owners in the Flower Market have come together to oppose the controversial plans.

Posted on 21/10/2024

Hong Kong can dig deeper into policy toolbox to revive property market: analysts

Robust home sales from first post-stimulus weekend suggest recent tweaks are beginning to inject confidence in the market.

Posted on 20/10/2024

Hong Kong IPOs to underpin blockbuster week in Asia as ‘animal spirits’ return

China Resources Beverage and Horizon Robotics are set to make their trading debut in Hong Kong on Wednesday and Thursday, respectively.

Posted on 20/10/2024

Hong Kong to seek HK$30 billion to start building San Tin Technopole amid judicial challenge

Authorities have also sought to open bidding for the first of three land parcels within the Northern Metropolis next year, minister says Hong Kong authorities will seek about HK$30 billion (US$3.86 ...

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