A fourth interim dividend is HK$3.2 per share. Hang Seng Bank saw its profit attributable to shareholders surge 58% to $2.28b (HK$17.84b) in 2023, compared to the $1.44b (HK$11.28b) it reported for ...
Hong Kong Budget Set to Take Aim at Boosting Competitiveness, Lifting Recovery
Growth has been picking up, but the recovery hasn't been as strong as expected, Financial Secretary Paul Chan has said. The external environment remains volatile, and "as a small and fully open ...
Hong Kong’s Next Political Crackdown
The city that claims to be a global financial center targets local contact with foreigners.
Hong Kong green fintech players must extend ties to sectors beyond finance to serve the economy, experts say
Companies should focus on increasing their integration with multiple sectors to enhance their ability to serve the real economy, industry experts said at a summit.
Shein considers London listing if US IPO blocked over ties to China
Online fast-fashion group considers UK as back-up plan, following scrutiny by American regulators and politicians ...
Hong Kong ELS Investors Hit with $751 Million in Losses, Banks Pocket $140 Million in Commissions
As the losses of customers who invested in ELS linked to the Hong Kong H-Index are expected to exceed $751 million soon, it has been revealed that these banks have earned about $140 million in ...
Putin Reportedly Approves Expobank’s Acquisition of HSBC’s Russian Biz
Russian President Vladimir Putin approved the sale of HSBC Bank (RR), a Russian business, by HSBC HOLDINGS (00005.HK) to local bank Expobank, according to foreign media reports.Pre... Russian ...
Hong Kong Housing Society plans to seek bank loan of at least HK$1 billion, sell some assets to tackle cash-flow issues in coming years
Hong Kong Housing Society chairman Walter Chan says bank loan is the easiest and most direct way to raise capital City's second-largest public housing provider has faced challenges in recent years, ...
HSBC, BEA Complete 1st Digital Bond Repurchase Deal
HSBC announced the completion of a HKD repurchase transaction with BANK OF E ASIA (00023.HK), secured by the Hong Kong Government's Digital Native Green Bonds, representing the first repurchase ...
Hong Kong budget 2024-25: will city get back tourism spark from fireworks, drone shows? Experts question reported multimillion dollar plan
Lawmakers and tourism sector cast doubt over effectiveness of possible monthly Victoria Harbour fireworks and drone performances, as well as light show revamp Source earlier revealed finance chief ...
Hong Kong under pressure to ease property curbs, plug deficit in budget
Hong Kong unveils its annual budget on Wednesday at a time when it faces mounting fiscal deficits and economic headwinds including a struggling Chinese economy, with markets expecting authorities to ...
Zhida, a Chinese maker of EV charging systems, is weighing US$128 million Hong Kong IPO this year, source says
Shanghai Zhida Technology Development, which makes electric-vehicle charging systems, is working with Shenwan Hongyuan on an IPO, source says. Its systems are used by 70 car brands in China.
China’s Zhida Weighing HK$1 Billion Hong Kong IPO This Year, Sources Say
Shanghai Zhida Technology Development Co., a maker of electric-vehicle charging systems, is considering an initial public offering in Hong Kong that could raise about HK$1 billion ($128 million), ...
Li Ka-shing retains top spot on Forbes list of Hong Kong’s richest
Business magnate Li Ka-shing keeps his crown as the wealthiest person in the city according to the Forbes list of Hong Kong’s 50 richest in 2024. Despite a city-wide decline in net worth, thanks to ...