(Bloomberg) -- Hong Kong Financial Secretary Paul Chan aims to attract more Australian companies to the city during his visit to Sydney and Melbourne this week. Most Read from Bloomberg A Guide to ...
Hong Kong’s New World Development warns of huge annual loss amid property slump
Hong Kong property developer New World Development (OTCPK:NDVLY), controlled by billionaire Henry Cheng's family, has warned of a huge annual loss amid a prolonged downturn in the region's real estate ...
HSBC’s Elhedery mingles with Hong Kong staff, customers to get first-hand experience
The global CEO visited two premier branches, where the staff walked him through the customer service and showed him the various digital solutions.
Undiscovered Gems in Hong Kong Featuring Dah Sing Banking Group and 2 Promising Small Caps
As the Hong Kong market navigates a complex landscape influenced by global economic indicators and local investor sentiment, small-cap stocks have shown resilience and potential for growth. Amidst ...
CSC Holdings to buy stake in CS Bank of the Philippines for US$13 million
Hong Kong-listed CSC Holdings, chaired by former Hang Seng Bank CEO Raymond Or Ching-fai, will buy a stake in CS Bank of the Philippines for US$13 million.
Top Hong Kong insurer HSBC Life targets Asia’s rich, Greater Bay Area retirees for growth
Key growth areas are the wealth hubs of Hong Kong and Singapore, alongside the emerging wealth markets of mainland China and India, CEO Moncreiffe says HSBC Life, Hong Kong's largest insurer by sales, ...
HSBC HOLDINGS (00005.HK) Buys Back 7.03M Shrs for $482M in Total Last Fri
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 7.0349 million shares on the UK and Hong Kong markets last Friday (30 August), involving a total of $482 million. Among them, HSBC ...
Shares in Hong Kong’s New World Development plunge after $2.6 billion loss estimate
HONG KONG (Reuters) -Shares of New World Development, a major Hong Kong property developer, plunged 14% after it estimated a net loss of as much as HK$20 billion ($2.6 billion) for the financial year ...
Hong Kong property: cash-rich buyers make most of Peak distress amid 50% price slump
Distressed sales in Hong Kong’s luxury property market have driven prices down by as much as 50 per cent, with opportunistic buyers snapping up bargains, Savills says.
Exclusive | Top Hong Kong insurer HSBC Life targets Asia’s rich, Greater Bay Area retirees for growth
“To me, that shows Hong Kong is fundamentally an international financial city, and our products and services need to be international,” Moncreiffe said.
HK $300 drop in monthly income of Hong Kong residents, unemployment rising: Official survey
Hong Kong economic situation has seen a notable downturn in the second quarter of this year, with residents earnings and employment figures reflecting increa ...
NWD to report US$2.4 billion loss in past financial year amid property sector woes
New World Development (NWD), controlled by one of Hong Kong's richest families, looks set to report a loss for its financial year ending June, as property market woes continue to beset the city and ...
{Hot Stocks}CM BANK(03968) quoted at HK$32.1, down 5%
[ET Net News Agency, 30 August 2024] CM BANK (03968) fell 5% to HK$32.1, dipping below the 100-D SMA of HK$33.037. It hits an intra-day low of HK$32.1, and an intra-day high of HK$33.6. The total ...
DAH SING (00440.HK), DAHSING BANKING (02356.HK) Surge 7-9%; Interim Dividends Hike
DAHSING BANKING (02356.HK)'s interim profit hiked 25.6%, and interim dividend increased to $0.27. The afternoon's gains amplified, prompting the stock to last at $6.67, up 7.23%, with 908,800 shares ...