Tag: finance

The outlook for Hong Kong’s economy in the first quarter of 2022 does not appear to be optimistic as consumption-related sectors come under “intense pressure” during the fifth Covid-19 wave, the ... ( read original story ...)

Hong Kong's economy is expected to grow 2%-3.5% in real terms this year, the city's financial secretary said, as the Asian financial hub faces its ... ( read original story ...)

Hong Kong's economy is expected to grow 2.0per cent to 3.5per cent this year after expanding 6.4per cent in 2021, as social restrictions to tackle a growing COVID-19 outbreak are expected to curb ... ( read original story ...)

The following are highlights of Hong Kong's budget for the 2022/23 fiscal year starting in April. The budget was presented by Financial Secretary Paul Chan on Wednesday. KEY FIGURES * ... ( read original story ...)

Last week, we published a bonus edition of Next China midweek due to the torrent of Hong Kong news — and as we send this edition off, the city is presenting its budget. This week’s been no different ... ( read original story ...)

The Hang Seng Index (HSI) was established by the Hang Seng bank – which is itself one of the constituents of the index – in an effort to create the equivalent of a Dow Jones Index for Hong Kong. Its ... ( read original story ...)

Financial Secretary Paul Chan will also renew consumption voucher scheme and hand out more sweeteners, especially for struggling businesses. ( read original story ...)

Hong Kong opened slightly higher on Wednesday morning following a three-day sell-off but investors are keeping a nervous eye on events in eastern Euro ... ( read original story ...)

In pursuit of a tough Covid Zero strategy to fight its worst ever coronavirus outbreak, Hong Kong is ceding ground to Singapore, a rival Asian financial and transport hub that’s been easing ... ( read original story ...)

HSBC, the biggest of Hong Kong’s three currency-issuing banks, said its fourth-quarter profit more than tripled as it benefited from gains in its commercial lending and global trade financing. The ... ( read original story ...)

SYDNEY (Reuters) - One of JPMorgan's most senior Asia Pacific equities bankers, Ryan Holsheimer, is leaving the bank and Hong Kong to return to Australia, according to a memo seen by Reuters. ( read original story ...)

Hong Kong’s Covid-19 crackdown may hurt staff retention and the ability to hire more employees, HSBC has said. The city has maintained Beijing’s tough ‘zero-Covid’ stance on the virus, despite cases ... ( read original story ...)

In Hong Kong, a record 7,533 Covid-19 cases were confirmed on Monday, as the omicron variant sweeps through the city. The resurgence has overwhelmed hospitals, forced businesses to close and ... ( read original story ...)

Li-Chien Wong leaves Kirkland & Ellis to join the Hong Kong Stock Exchange as co-head of initial public offering vetting, reuniting with fellow co-head and former Kirkland partner, Stephanie Lau. ( read original story ...)