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Tag: business

Posted on 04/12/2023

Hong Kong stocks cling to 13-month lows amid economic jitters; Evergrande surges on court reprieve

Hong Kong stocks eased to trade near 13-month lows amid concerns ... Earlier the drug maker release a business update that expects a challenging industry landscape ahead. Its affiliate Wuxi Apptec ...

Posted on 04/12/2023

Hong Kong court puts off Chinese developer Evergrande’s hearing on its debt restructuring to January

A Hong Kong court has postponed a court hearing on troubled Chinese property developer Evergrande’s winding-up petition to Jan. 29. Evergrande is trying to win support from its creditors for ...

Posted on 04/12/2023

Insurer HSBC Life draws customers from 46 overseas markets and China as customers throng to Hong Kong for its wider product range

Mainland Chinese clients are not the only ones turning to Hong Kong to buy insurance products, with HSBC Life reporting policy sales to customers from 46 other jurisdictions in the first nine months ...

Posted on 04/12/2023

US reducing reliance on China forces Hong Kong exporters to sever some local, mainland ties over ‘unwritten rules’, boycott threats: industry leaders

Hong Kong firms in Vietnam say US asking them to register their company in Singapore, and nominate representative from city state But some brush off such requests, as well as demands to cut use of raw ...

Posted on 04/12/2023

US reducing reliance on China ‘forces Hong Kong exporters to sever some ties’

Hong Kong firms in Vietnam say US asking them to register their company in Singapore, and nominate representative from city state.

Posted on 03/12/2023

Hong Kong-based sustainable materials firms eyeing plastic waste reduction in city struggle to scale up

Two sustainable materials firms in Hong Kong want to contribute to the city’s efforts towards reducing its fossil fuel-based plastic waste, but face challenges in scaling up their business models.

Posted on 03/12/2023

Former official urges Hong Kong to play up strengths

Former Secretary for Transport and Housing Anthony Cheung on Sunday urged Hong Kong to take steps to clear up misconceptions and promote its ...

Posted on 02/12/2023

Hong Kong’s Middle East adventure: will there be gold or just heartache over cultural obstacles and lack of official support?

Government is hoping to tap into wealthy Middle Eastern markets and diversify Hong Kong’s economy after three years of pandemic curbs and uneasy US-China ties.

Posted on 02/12/2023

Hong Kong’s retail sales rise by 5.6% in October amid tourism revival, but industry leader worries Christmas spending will suffer as residents head north

Provisional figures show sales reach HK$33.8 billion, for 11th consecutive month of improvement Hong Kong Retail Management Association's Annie Tse says operators concerned about business over ...

Posted on 01/12/2023

Tencent-Backed AI Drug Discovery Startup Xtalpi Files For Hong Kong IPO

Xtalpi, a Shenzhen-based company which uses artificial intelligence to find chemical compounds that could be developed into new drugs, has filed for an initial public offering in Hong Kong. Xtalpi did ...

Posted on 01/12/2023

China’s A-listers flock to Hong Kong for Pharrell Williams’ fashion show

Some of China’s most popular celebrities and K-drama stars gathered at Louis Vuitton’s first ever fashion show in Hong Kong, as the luxury brand seeks to boost business in the region. Designer ...

Posted on 01/12/2023

Spooked by a falling yuan, yield-seeking mainland Chinese scramble to buy insurance policies in Hong Kong

Sales of policies to mainland visitors hit HK$46.8 billion (US$6 billion) in the nine months to September, compared with HK$1 billion a year ago, according to data from the Insurance Authority.

Posted on 01/12/2023

Why Hong Kong is Becoming a Hotspot for Global FinTech Investments

Are you ready to dive into an electrifying world of finance and technology? Get ready as we unveil the secret behind Hong Kong’s meteoric rise in the global FinTech scene. Brace yourself for a ...

Posted on 01/12/2023

Hong Kong securities association proposes Initial Coin Offering (ICO) mechanism

The Hong Kong Securities and Futures Professional Association has put forth a surprising proposition to revitalize Hong Kong’s economy. In a document released on November 29, the association’s ...

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