Hong Kong's Hang Seng index closed higher on Friday, turning around from earlier losses on a boost from real estate and consumer staples firms, but sentiment remained fragile amid concern over Fed ... ( read original story ...)
Zero-Covid strategy threatens Hong Kong’s growth prospects for 2022
There is a chance that the border between Hong Kong and mainland China will reopen with a limited quarantine period if Covid cases subside. This should increase economic activity in Hong Kong. Further ... ( read original story ...)
AInnovation sees poor investor turnout on IPO
Artificial intelligence start-up Qingdao AInnovation Technology Group has priced its Hong Kong IPO at the floor of the marketed range, raising HK$1.18bn ($151.5m) in new capital, according to a source ... ( read original story ...)
Residents resist Hong Kong’s hamster massacre
An underground movement of animal lovers emerged in the city this week to hide the rodents from overzealous health authorities. ( read original story ...)
‘No Amount of Money’ Can Lure Bankers to Hong Kong, Recruiters Say
Hong Kong’s status as a magnet for international financiers is cratering as firms struggle to coax traders and bankers to move to the once vibrant trading hub. ( read original story ...)
Win Streak May End For Hong Kong Stock Market
The Hong Kong stock market has tracked higher in two straight sessions, soaring almost 840 points or 3.5 percent along the way. The Hang Seng Index now sits just above the 24,950-point plateau ... ( read original story ...)
Bankers Are Shunning Hong Kong as Finance Hub Loses Luster
Hong Kong’s status as a magnet for international financiers is cratering as firms struggle to coax traders and bankers to move to the once vibrant trading hub. ( read original story ...)
String of upcoming Hong Kong tech IPOs to test SoftBank’s path to recovery
The IPOs will be the first real test of SoftBank's shift in strategy in China as regulators ramp up scrutiny of the country's tech industry. ( read original story ...)
L’Officiel Sold to Hong Kong-Based AMTD International
Hong Kong-based financial services company AMTD International has acquired French magazine publisher L’Officiel from the Jalou family for an undisclosed sum. As part of the deal, Benjamin Eymère will ... ( read original story ...)
Hong Kong’s Hang Seng jumps 3% as China cuts key lending rates; property, tech stocks soar
Markets in Asia-Pacific mostly rose on Thursday as China cut its key lending rates. Meanwhile, Wall Street fell with the Nasdaq closing in correction territory and U ... ( read original story ...)
IMF Warns on Balance of Risks Facing Hong Kong’s Economy
The balance of risks facing Hong Kong’s economy are tilted to the downside, the International Monetary Fund warned in its annual assessment of the finance hub. ( read original story ...)
Hong Kong’s Hang Seng index jumps as China cuts key lending rates; property stocks soar
China on Thursday cut its one-year loan prime rate by 10 basis points, while its five-year LPR was cut by 5 basis points, according to its central bank. U.S. bond yields fell back slightly after ... ( read original story ...)
HK shares jump after China cuts key mortgage rate
Shares of Chinese property developers have jumped in Hong Kong as China's central bank cut a key mortgage rate for the first time in almost two years.The decision comes as concerns grow about a ... ( read original story ...)
Nasdaq 100 Falls on Rising Yield Concerns, Will Hang Seng Index follow?
Hong Kong stocks may lead the gains Nasdaq 100, US Earnings, Hang Seng Index, Asia-Pacific at the ... cost concerns and underpin market sentiment. Bank of America topped analysts' estimate for ... ( read original story ...)