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Tag: business

Posted on 15/03/2024

Hong Kong Weighs Extending Term of Central Bank Chief Yue

Hong Kong government is considering keeping Eddie Yue as its de-facto central bank chief after his current term expires in October, according to people familiar with the matter.

Posted on 15/03/2024

Hong Kong stocks fall, China up after cenbank leaves key rate unchanged

On an annual basis, prices fell 1.4%, faster than the 0.7% drop in January and the biggest decline in 13 months. ** The CSI 300 Real Estate Index lost 0.9%, and the Hang Seng Mainland Properties Index ...

Posted on 15/03/2024

Hong Kong’s Dah Chong Hong Food Mart to close down stores after 39 years in business

Leading Hong Kong grocery retailer Dah Chong Hong (DCH) Food Mart will close down its stores after 39 years in business, with customers expressing sadness at the move. “After careful consideration, ...

Posted on 15/03/2024

Fortune Launches First Innovation Forum in Hong Kong March 27- 28

The issuer is solely responsible for the content of this announcement.

Posted on 15/03/2024

Hong Kong’s Swire Pacific posts record US$4.6 billion profit on Cathay boost, eyes healthcare growth amid soft property market

Conglomerate reports record profit of HK$36.2 billion (US$4.6 billion) for 2023, nearly eight times better than 2022’s HK$4.7 billion.

Posted on 15/03/2024

Hong Kong stocks slip ahead of big earnings week, property sector rebounds on state support hopes

Hong Kong stocks eased amid caution about corporate earnings although property sector shares advanced amid hopes of state support.

Posted on 15/03/2024

Hong Kong’s hiring market to remain soft as employers are concerned about challenging economic outlook: KPMG

Just over a quarter of companies in Hong Kong expect to add staff this year, while some 16 per cent expect to cut headcount, KPMG survey shows. Many candidates are eyeing the Greater Bay Area as an ...

Posted on 14/03/2024

Hong Kong take-private deals soar as cheap valuations tempt investors into company buy-outs

Hong Kong-listed firms have been involved in US$4 billion worth ... to make use of equity financing to provide sources of available funds to finance its business development”, it said. French skincare ...

Posted on 14/03/2024

Hong Kong Hotels Market Report 2023: Size, Insights and Forecasts 2017-2021 and 2022-2026

Revenues, Customer Type (Business and Leisure), Hotel Categories (Budget, Midscale, Upscale, Luxury), and Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

Posted on 13/03/2024

Hong Kong terminals achieve IEnvA sustainability certification

Further strengthening Hong Kong’s position as the world’s leading air cargo hub - March 12, 2024 — Cathay Cargo Terminal and Hong Kong Air ...

Posted on 13/03/2024

China’s Xiaomi embarks on Apple’s road not taken

China's Xiaomi may have started out as an Apple wannabe but it has now pulled ahead of the American technology titan. The $48 billion handset-maker said it will deliver its first electric car just ...

Posted on 13/03/2024

Stablecoin sandbox launches in Hong Kong, as companies make plans for cryptocurrencies pegged to local currency

The Hong Kong Monetary Authority launched a plan to trial stablecoins, announced in December, for companies with a ‘genuine interest’ in fiat-backed crypto.

Posted on 13/03/2024

Alibaba’s Media Arm To Invest $640 Million In Hong Kong Entertainment Industry

Alibaba Digital Media and Entertainment Group will spend the capital on film production and talent development in the city.

Posted on 13/03/2024

Has Hong Kong’s minibus trade reached the end of the road?

Expanding rail and franchised bus networks, new roads and bridges, and changes in tolls have caused a big shift in how Hongkongers navigate the city.

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