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Tag: business

Posted on 24/04/2024

Hong Kong aims to become a digital asset hub

Hong Kong is now jumping on the cryptocurrency bandwagon and will list several cryptocurrency exchange-traded funds (ETFs ) based on the more successful attempts in the US. Hong Kong will pursue ...

Posted on 24/04/2024

Past winner of Hong Kong tech competition deploys seafaring bots to tackle ocean pollution

The co-founder of Hong Kong-based marine tech start-up Clearbot, a past winner, says City I&T Grand Challenge funding enabled it to scale up.

Posted on 24/04/2024

Hong Kong bourse operator’s Q1 profit down 13% on weaker listings, trading

Hong Kong's bourse operator on Wednesday reported a narrower than expected 13% drop in first-quarter profit, as sluggish trading and muted listing activities weighed on its businesses.

Posted on 24/04/2024

Hong Kong stocks driven to two-week highs on earnings optimism as Ping An and HKEX advance

Ping An Insurance reported growth in its new-business values, a gauge of future profitability, which beat estimates in the first quarter Goldman Sachs and UBS have upgraded their assessment of Chinese ...

Posted on 24/04/2024

Hong Kong stock exchange operator HKEX sees profit slip 13 per cent as lower turnover, fewer listings weigh

Net profit for the January-to-March period came in at HK$2.97 billion (US$380 million), or HK$2.35 per share, which was better than a consensus estimate for a 14 per cent decline to HK$2.79 billion.

Posted on 24/04/2024

Hong Kong Stocks: Li Ning Shares Gain on Mixed Q1 Update

In major news on Hong Kong stocks, Li Ning Co. Limited (HK:2331) shares gained 5.71% on Tuesday, after the company released its Q1 update for ...

Posted on 24/04/2024

Hong Kong’s IPO of the year looks like it might be a bit of a bubble tea

Hong Kong's having an IPO crisis and the Tuesday failure of a mainland beverage giant's long-awaited listing has only made ... Read More The post Hong Kong’s IPO of the year looks like it might be a ...

Posted on 24/04/2024

Hong Kong’s John Lee shrugs off criticism over single-use plastics ban, says ‘market forces’ will lead to better utensils

John Lee says administration’s main concerns are steady supply of alternative products and affordability for consumers.

Posted on 24/04/2024

Apec Business Advisory Council meeting: Hong Kong teeming with wealth-creation opportunities despite headwinds

Hong Kong offers plenty of wealth management and stock market opportunities despite headwinds and uncertain economic outlook in China, according to speakers at the Apec Business Advisory Council ...

Posted on 24/04/2024

Hong Kong slams latest British government report on city, saying London is putting politics above the rule of law

The Hong Kong government strongly condemned British “slander and smears” and interference in local affairs after London on Monday sought to reassure Hongkongers in the UK they were “safe ...

Posted on 24/04/2024

Chinese bubble-tea maker Chabaidao sinks 27% on Hong Kong debut as investors offload shares in biggest IPO of the year

Chabaidao’s stock ended the day 27 per cent lower after slumping as much as 38 per cent. It raised about HK$2.6 billion (US$331.7 million) from the sale of 147.8 million shares at HK$17.50 each.

Posted on 24/04/2024

Hong Kong stocks surge by most in 3 weeks as Chinese market regulators’ promise of support lifts sentiment

Hong Kong stocks climbed most in three weeks as investors ramped up their buying on expectations that a slew of supportive measures from the Chinese securities watchdog will aid sentiment.

Posted on 24/04/2024

How to score the best office rental deals in Hong Kong

The key to securing the best office rental deal in Hong Kong begins with thorough research. Utilize online platforms, real estate agencies, and networking connections to gather information on ...

Posted on 24/04/2024

Bubble Tea IPO Drains Dregs of Optimism From Hong Kong

Hi, it’s Pei Li in Hong Kong, where a Chinese bubble tea maker just made its much-anticipated trading debut—and it wasn’t sweet. Also today, Boeing’s Spirit AeroSystems bid hits a snag and drone ...

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