Mainland Chinese tourists last year spent HK$62.8 billion (US$8 billion) on life and medical policies, up 6.5 per cent from 2023, according to the Insurance Authority.
YGM Securities Major Shareholder Plans to Sell Nearly 51% Stake to Ant Group for HKD 2.8 Billion
The proposed sale involves 860 million shares, with each share priced at HKD 3.28, reflecting a significant premium over the market value. This transaction is expected to maintain YGM Securities' ...
Finance execs are the new targets of deepfake videos
In a new report, Fortune ’s Jim Edwards details how a video ad campaign on Instagram used a convincing deepfake of Goldman Sachs executives Abby Joseph Cohen and David Kostin. The goal was to tempt ...
Hong Kong private-equity firm Gaw Capital building US$2 billion regional property fund
A potential investor was told the fund’s investments would be diversified and remain flexible amid market volatility.
Hong Kong can help mainland firms ‘break through’ US trade barriers: John Lee
Hong Kong will play a bigger role in providing mainland Chinese enterprises with supply chain services, enabling them to access emerging markets and "break through the US blockages", the city's leader ...
Rumor: HSBC HOLDINGS Considering Switching to Virtual Meetings for Future AGMs to Avoid Interference from Protests
Rumor: HSBC HOLDINGS Considering Switching to Virtual Meetings for Future AGMs to Avoid Interference from Protests ...
Chinese Investors Dump $2 Billion Hong Kong Stocks in Rare Move
Chinese investors sold a near-record amount of Hong Kong stocks on Wednesday, reducing holdings after hopes of easing in trade tension spurred a relief rally. Most Read from BloombergTrump Gives New ...
Hong Kong stocks rise on Federal Reserve rate-cut hopes
Top Fed officials say the US central bank could respond to signs of economic weakness and lower rates as early as June.
Ant Bank (Hong Kong) receives $100m funding for growth
This funding will allow Ant Bank to create “innovative” financial products and offer customised solutions to customers.
Increase in Hong Kong airport departure tax could hurt city’s competitiveness, lawmaker says
An increase in Hong Kong’s airport departure tax could hurt the city’s competitiveness, a lawmaker has said, after the government doubled down on plans to increase the levy from HK$120 to HK$200 ...
Fifth time lucky? Chinese restaurant chain Green Tea makes another Hong Kong IPO attempt
The Hangzhou-based budget-dining chain has yet to reveal the amount it plans to raise from the stock offering.
Chinachem Group Pioneers Asia’s First Triple-Themed Syndicated Loan
Peter Brien, Chairman and Independent Non-Executive Director of Chinachem Group Holdings Limited, says, "This triple-themed Facility exemplifies our vision of building sustainable legacies - where ...
Nikkei gains while China & Hong Kong turn red amid trade policy uncertainties, U.S. futures lower
Asia-Pacific stocks traded mixed on Thursday, after a rally on the previous day. Investors continue to stay on alert with the ongoing trade talks. Gold rose toward $3,360 per ounce, following a ...
Hong Kong officials try to woo Indian investors
Hong Kong targets Indian financial firms for asset management growth, but Indian market experts express reservations about opportunities.