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Tag: business

Posted on 07/06/2024

Banning flavoured cigarettes may reduce Hong Kong’s appeal to visitors, lawmaker says

But senior health official rebuts his argument, saying tourists and business travellers may prefer a city with fresh air instead Banning flavoured cigarettes may reduce Hong Kong's attractiveness to ...

Posted on 07/06/2024

Tencent-backed QuantumPharm on track to become Hong Kong’s second-biggest IPO of the year

The retail tranche of QuantumPharm’s IPO has been oversubscribed 75 times, which will allow the AI drug firm to raise HK$1.13 billion (US$145 million).

Posted on 07/06/2024

Hong Kong Plans to Start Trading During Typhoons in September

Hong Kong plans to stop shutting the stock market during severe weather as soon as September to allow trading in such conditions like in other advanced economies, according to people familiar of the ...

Posted on 07/06/2024

The irrepressible spirit of Hong Kong practice

How is China’s economic slowdown affecting architecture in Hong Kong? Architects from three practices, specialising in different sectors, describe how they are seeking new opportunities while grapplin ...

Posted on 07/06/2024

Taxi reform in Hong Kong? Start by paying drivers more

Proposals to restructure Hong Kong’s taxi system will not necessarily give us better service and could prompt drivers to leave the industry.

Posted on 07/06/2024

Hong Kong employer required to reimburse expenses that benefit the business

Any salaries withheld by an employer who is informed by the employee that he or she intends to leave Hong Kong can only be withheld for one month. Employers cannot unilaterally withhold payments, ...

Posted on 06/06/2024

Mobius Says Hong Kong Needs to Reinvent Itself to Prosper

Mark Mobius said Hong Kong needs to take better advantage of its strengths to retain its competitive edge, becoming the latest influential figure to weigh in on the city’s future.“If you don’t move ...

Posted on 06/06/2024

Hong Kong needs to reinvent itself to retain competitive edge, says Mobius

He pointed to the growing rivalry between the US and China over tech and AI as an area that Hong Kong could leverage ...

Posted on 06/06/2024

Billionaire Richard Li’s FWD Group revives Hong Kong IPO plan, sources say

Billionaire Richard Li has revived plans to list pan-Asian insurer FWD Group in Hong Kong, said three people with direct knowledge of the matter, after regulatory delay and market volatility scuppered ...

Posted on 06/06/2024

Hong Kong Shares Tipped To Bounce Higher Again On Thursday

(RTTNews) - The Hong Kong stock market on Wednesday snapped the two-day winning streak in which it had collected more than 360 points or 2 percent. The Hang Seng Index now sits just beneath the 18,425 ...

Posted on 05/06/2024

HK$19 billion in loans approved since 2020 to help Hong Kong’s retail SMEs hit by pandemic

Commerce minister says over 6,000 companies with 53,000 employees have benefited from loan guarantee scheme started in April 2020.

Posted on 05/06/2024

HK Fintech Startup Mezzofy Completes US$2M Pre-Series A Financing Round w/ Participation from HK Govt’s ITVF

Mezzofy, a local fintech startup, recently completed a Pre-series A financing round led by Isola Capital's private equity venture capital, VII, with participation from Hong Kon... Mezzofy, a local ...

Posted on 05/06/2024

Hong Kong stocks extend gains for a third day amid hopes of US interest-rate cuts on weak jobs data

Hong Kong stocks’ rose for a third day amid investors’ expectations ... billion convertible bond issue to fund repayment of existing debt, expand its overseas business and for working capital needs.

Posted on 05/06/2024

Chinese move billions into Hong Kong banks seeking higher yields

HSBC Holdings attracted more than 130,000 new bank customers in Hong Kong in the first quarter. Bank of China (Hong Kong) gained 200,000 new cross-border clients in 2023, while at Hang Seng Bank, new ...

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