Tag: finance

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 ...)

LONDON/SINGAPORE (Reuters) - HSBC said Hong Kong's strict curbs on travel and social interaction are hurting the economy and may impact the ability to hire and keep staff in the Asian financial ... ( read original story ...)

Most companies that sold shares for the first time in Hong Kong this year have had to accept pricing at the low end of their expected range. Tough conditions for first-time issuers globally — ranging ... ( read original story ...)

Proceeds will be used to develop new types of yachts and acquire suppliers as the builder anticipates better market conditions. Ferretti is expected to enjoy a ‘palpable’ valuation premium against com ... ( read original story ...)