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Tag: business

Posted on 31/01/2024

Hong Kong stocks set for worst month since August as China manufacturing extends slump, Fed to offer no early relief

Bearish investors dominate the local stock market in January, as China’s lack of stimulus shows up in weak manufacturing data. With the Fed seen on hold, there won’t be any early relief for the city’s ...

Posted on 31/01/2024

The Chinese transformation of Hong Kong is almost complete

As Westerners are leaving, professionals from the mainland are taking their place. Hong Kong overtook Switzerland to become the world’s largest cross-border financial centre last year, as a result of ...

Posted on 31/01/2024

More clarity needed on Hong Kong’s Article 23 domestic security law to reassure investors of financial hub status, government adviser says

Executive Council member Ronny Tong urges clearer definition of ‘state secrets’ outlined in consultation on new domestic security law.

Posted on 31/01/2024

Hong Kong’s banks report a bumper year in 2023 as record interest rates bloat margins and fatten earnings

Hong Kong banks’ net interest margin – the gap between the rate charged on loans and the interest paid for deposits – widened last year to the fattest in four years at 1.68 per cent, the HKMA’s data ...

Posted on 30/01/2024

How Hong Kong entrepreneur Tommie Lo went from doing schoolwork at sea to building a career around education

The founder of tech training start-up Preface answers the question of how he would spend HK$8 million, and also explains how his humble upbringing in a Hong Kong fishing village shaped his business ...

Posted on 30/01/2024

Hong Kong Expands Its National Security Crackdown

Hong Kong outlined a new, tougher national security law that would bring it more in line with mainland China, where a crackdown on espionage has landed a number of business executives in detention.

Posted on 30/01/2024

Hong Kong Property Tycoon Ronnie Chan Hands Control Of Hang Lung To His Eldest Son

Ronnie Chan will retire as chairman of his family’s Hang Lung Group and its subsidiary Hang Lung Properties and hand over the reins of both companies to his eldest son, Adriel, the Hong Kong-listed property developer said in a stock exchange filing on Tuesday.

Posted on 30/01/2024

Hong Kong-listed shares of Evergrande units rebound, as liquidation seen unshackling business, assets from debt crisis

Evergrande New Energy Vehicle Group and Evergrande Property Services rebound as trading resumes after a halt on Monday Shares in the parent remain suspended as two court-appointed liquidators take ...

Posted on 29/01/2024

Education lacking for Hong Kong pharmacies on single-use plastic ban, sector head says, amid waste-charging scheme delay after public confusion

Residents reportedly stock up on items such as toothpicks and cotton buds, with industry head urging more education for retailers ahead of already-delayed ban.

Posted on 29/01/2024

As China’s Economy Slows, Hong Kong Seeks To Redefine Its Future

(Photo by Vernon Yuen/NurPhoto via Getty Images) Faced with a slew of challenges, Hong Kong’s business leaders have put a brave face on the city’s prospects by launching a “Hello Hong Kong” campaign ...

Posted on 29/01/2024

Hong Kong to ‘begin consultation on home-grown national security law on Tuesday’

Consultation work on Hong Kong’s home-grown national security law will start on Tuesday rather than early February, according to sources, with the city leader suggesting “the sooner the better”.

Posted on 29/01/2024

‘Expats’ is set and filmed in Hong Kong, but the Amazon show isn’t streaming in the city

Expats,” a new Amazon Prime series set and partly filmed in Hong Kong, appears to be blocked in the Chinese territory amid growing concerns about censorship under Beijing’s tightening control.The ...

Posted on 29/01/2024

Sustainable aviation fuel: Hong Kong business group, Cathay Pacific lead coalition calling for policy support, collaboration on adoption

A Hong Kong business group promoting environmental sustainability has joined flagship airline Cathay Pacific and 11 other partners to push for greater public-private collaboration to increase adoption ...

Posted on 29/01/2024

Real estate giant China Evergrande ordered by Hong Kong court to liquidate

A government crackdown on surging debt has tipped China's property industry into crisis, making it a drag on the economy, with ripple effects on financial systems in and outside China.

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