Struggling property developer China Vanke said on Tuesday it has funding in place to repay $630 million in dollar notes due on March 11, amid more selling pressure on its bonds as concern mounts over ...
China’s 5% GDP goal is ‘attainable’ but it won’t be easy, says Hong Kong’s financial secretary
GDP target of 5% is achievable, but the trajectory won’t be an easy one, said Hong Kong’s financial secretary.
Hong Kong budget: lack of sweeteners doesn’t make it a bitter pill
Readers evaluate the budget outlined by the finance secretary last week, what impresses mainlanders about Hong Kong, and the importance of preserving Victoria Harbour as a unique attraction Feel ...
IPO Roundup: Ryde Group, SolarJuice, and more
The IPO market is kicking off March with a few small issuers scheduled to price in the upcoming week and the possibility of bigger names, like Astera Labs (ALAB) and Reddit (RDDT), joining in later in ...
Offshore firm Appleby makes banking hire in HK from Mourant
Offshore law firm Appleby has added banking and finance expert Lily Miao as a partner in its Hong Kong office from rival Mourant Ozannes, where she was a counsel.
Citigroup to leverage Hong Kong’s finance hub status to grow wealth business in Asia, Greater Bay Area
Hong Kong will be the epicentre of wealth management as some US$100 trillion in riches is created globally over the next 10 years, Citigroup's Andy Sieg says The US bank plans to expand its credit ...
Hong Kong Manages Money Only for the Very Rich
This perhaps explains why Hong Kong residents made up around a third of HSBC’s investor base, and why many were enraged in 2020 when the UK-headquartered lender cancelled its dividend payouts ...
Hong Kong must look beyond bond issuances to cover government spending, ex-finance chief says, warns city is in ‘structural deficit era’
Former financial secretary John Tsang says revenue-boosting measures from new budget 'a drop in the bucket' compared with tens of billions needed to balance books 'It is impossible to imagine any ...
Hong Kong officials aim to lure medium-sized firms in mainland China by touting city’s professional services: finance chief
Chan says rising geopolitical tensions have caused pressures for companies behind ‘made-in-China’ products when exporting to European and US markets.
Hong Kong Unveils Sweeping Changes To Boost Real Estate, Scraps All Property Tightening Measures
What Happened: The financial hub of Hong Kong has made a significant decision to bolster its ailing real estate market by removing all tightening measures for residential properties. This decision was ...
Hong Kong has ‘absolutely no problem’ with repaying rising debt under plan to issue more bonds to fund public projects, Paul Chan says
The Hong Kong government has “absolutely no problem” with repaying rising debt under a plan to issue more bonds to fund the city’s public projects in coming years, Financial Secretary Paul Chan Mo-po ...
Hong Kong authorities can bring back property cooling measures if necessary, says finance chief Paul Chan
Finance chief says government will keep an eye on the sector, after surprising the market with the removal of all cooling measures in Wednesday’s budget speech.
ZD Energy plans IPO in HK
Shanghai-based electric vehicle (EV) charging systems manufacturer Zhida Technology Development (ZD Energy) plans to launch an initial public offering (IPO) in Hong Kong later this year to raise ...
Hong Kong property curbs scrapped, Taylor Swift deal questioned, China’s durian king: SCMP’s 7 highlights of the week
From property curbs in Hong Kong being scrapped to the intensifying durian market in China, here are a few highlights from SCMP’s recent reporting.