In the international firms that fill Hong Kong’s high-rise office blocks, the mood is far from buoyant. When the American Chamber of Commerce in Hong Kong surveyed its members at the end of 2023, it ...
A CEO went missing. Then his bank got a mysterious bill for $11 million
A Chinese investment bank known for making some of the biggest deals in the country’s tech sector during its heyday has revealed it received a massive bill for 78 million yuan ($11 million) related to ...
Hong Kong in talks with UAE and Saudi sovereign wealth funds for Asia investments
Hong Kong is in talks with sovereign wealth funds in Dubai, Abu Dhabi and Riyadh to channel their investments into broader Asian markets including China and enable deals for Asian investors in the ...
China threatens to retaliate over U.S. bill that could shutter Hong Kong trade offices
American lawmakers have passed a bill that could lead to the closure of Hong Kong’s trade offices, drawing condemnation from its government and Beijing.
Appliance Giant Midea’s Big Hong Kong Debut to Set Tone for IPO Revival
Hong Kong’s biggest listing in more than three years presents a major test for the city’s struggling market for initial public offerings.
HSBC tops Nestle as world’s best dividend payer while China Mobile leads Hong Kong peers
The largest bank in Europe and Hong Kong topped the dividend-payout list with a total disbursement of US$11.7 billion for the June quarter, aided by a US$4 billion special dividend with proceeds from ...
Freedom Holdings eyes Hong Kong’s dim sum bond market to fund Kazakh optic-fibre project
The company’s telecoms unit Freedom Telecom plans to spend 107 billion tenge (US$236 million) until the end of 2027 on two projects in Kazakhstan.
China Condemns US Over Bill That Could Shut Hong Kong Trade Offices
China criticized the US over a bill that could eventually lead to the closure of Hong Kong trade offices in America, escalating tensions over the financial hub’s status.
Hong Kong interbank rates slump in downbeat signal
Interbank lending rates in Hong Kong slid to more than one-year lows on Wednesday, pointing to a lacklustre mood and low confidence as idle cash swamps one of Asia's financial capitals. The overnight ...
Investors eat up dim sum bonds from Guangdong province, Hong Kong’s MTR
Issuance of offshore yuan-denominated bonds has jumped 28 per cent this year, according to the Hong Kong Monetary Authority.
Hong Kong Stock Tied to Pop Star Jay Chou Suddenly Plunges 73%
A company backed by the mother of Asia pop megastar Jay Chou saw its stock tumble by a record 73% Wednesday, with no immediately apparent reason.
Hong Kong hits out at US Congress for passing a bill that could close its representative offices
But Beijing and Hong Kong insist the law is necessary to bring back stability to the financial hub. Anna Kwok, executive director of the Hong Kong Democracy Council, a Washington-based group ...
At China’s Zhongzhi, risky practices preceded shadow bank’s collapse
Zhongzhi Enterprise Group, a former leader of China's shadow banking sector that declared insolvency last year, used aggressive and potentially illegal sales practices to sustain its operations as it ...
Hong Kong’s regulatory support, connector role appeal to investors, medical tech firms say
InvestHK has assisted nine medical technology companies to set up or expand their businesses, attracting US$7.7 million of investments.