Limiting gains, local developers retreated after New World Development’s shares were suspended amid CEO report, imminent results.
Hong Kong police launch lucky draws with HK$3 million in prizes to boost Scameter app downloads
Electric vehicle among prizes up for grabs, as force looks to encourage anti-scam app downloads to combat surge in fraud cases Hong Kong police will launch lucky draws with HK$3 million (US$385,311) ...
Black Spade Acquisition II Co Announces Closing of Partial Exercise of IPO Over-Allotment Option
Black Spade Acquisition II Co (the "Company") (NASDAQ: BSIIU), a special purpose acquisition company ("SPAC"), today announced that the underwriters of its previously announced initial public offering ...
Hong Kong’s New World Development CEO resigns, shares to resume Friday
The chief executive of Hong Kong's New World Development , Adrian Cheng, the third-generation scion of the firm's founding family, has resigned and will be replaced by its chief operating officer, the ...
Hong Kong stocks soar to 14-month high in stimulus rally as Xi Jinping vows more support
The Hang Seng Index jumped 4.2 per cent to 19,924.58 on Thursday, the highest level since August last year. The Tech Index surged 7.3 per cent, while the Shanghai Composite Index added 3.1 per cent to ...
Hong Kong emerges stronger as leading global financial center
Hong Kong has regained its position as one of the world's top three financial centers, defying naysayers claiming "Hong Kong is over" and underscoring its great resilience and potential backed by the ...
China’s August net gold imports via HK lowest in over 2 years
China's monthly net gold imports via Hong Kong dropped 76% to their lowest level in more than two years in August, data showed on Thursday, as a record price rally curbed appetite in the world's top ...
Fitch: Pressures on HK Bank, Property Sector Linger as Monetary Easing Begins
The Hong Kong Monetary Authority (HKMA)'s recent 50 bps cut in the base rate to 5.25%, and expected further cuts reflecting projected monetary easing in the US, will help borrowers, property ...
Hong Kong Stock Rally Likely Driven by Short Covering, JPM Says
Short covering may have driven outsized gains in Hong Kong stocks on Tuesday after China’s central bank unveiled a broad package of monetary stimulus measures, according to JPMorgan Chase & Co.
Klook: Bookings for Some Local Tourism Products Drop; Firm Always Plans for IPO Without Definite Timetable
In addition, a media asked about Klook's intention to list in Hong Kong. Sham said that the Company has always been interested in listing, and a team is planning for the listing. However, there is no ...
Chinese AI firm Chongqing Terminus Smart Technology files papers for Hong Kong IPO
Chongqing Terminus Smart Technology, a Chinese AI company, joined a growing list of companies seeking to launch their IPOs in Hong Kong.
Hong Kong stocks lead global surge on reports of more China stimulus measures
Hong Kong’s equity market hit a one-year high and led a surge in global stocks as the China-stimulus-induced risk-asset rally received further propulsion ...
There is no quick recovery from Hong Kong’s property slump
Hong Kong’s own succession drama is unfolding at a pivotal moment for the city’s property sector. Shares of New World Development, the developer owned by the billionaire Cheng family, were suspended ...
Hong Kong dethrones Singapore as Asia-Pacific’s top financial center
Hong Kong has surpassed Singapore to become the top financial center in the Asia-Pacific region and one of the top three globally, according to a new report.