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Posted on 11/09/2023

Hong Kong stocks hit 2-week low as Alibaba tumbles 3.3% on ex-CEO’s surprise exit, China deflation concerns

Hong Kong stocks fell to a two-week low ... Zhang’s exit “raises the likelihood that the business’s new partners will exert greater influence on strategic cloud decisions in the future,” said ...

Posted on 11/09/2023

Hong Kong Evacuates Residents From Luxury Homes After Landslide

Hong Kong authorities evacuated residents from a luxury residential complex after record rains caused a landslide. They are also investigating the possibility of illegal structures and occupation of ...

Posted on 11/09/2023

China’s Abrupt Trading Tax Cut Forces Hong Kong Into Hard Choice

China’s unexpected move to cut its stock trading tax is adding pressure on Hong Kong to follow suit, creating a dilemma for the city’s finance chief over the potential hit to government income.

Posted on 11/09/2023

Standard Chartered HK to maintain good loan quality, profitability

The non-performing loan (NPL) ratio will likely increase as well, however. Modest economic recovery in Mainland China and Hong Kong will support the soundness of Standard Chartered Hong Kong’s asset ...

Posted on 11/09/2023

Prudential Hong Kong invests in AI, clinics to capture share of booming policy sales to visitors from mainland China

The technology investment does not aim to replace staff or agents, and in fact the company plans to hire 4,000 more agents this year, CEO says Prudential boss optimistic about outlook for Hong Kong ...

Posted on 11/09/2023

Sky shuttles at Kai Tak? Hong Kong ‘will revive elevated transit project, propose solutions’ for transport woes in area as firms eye contract

Intense competition expected among Hong Kong, mainland companies to build East Kowloon transport network Monorail plan scrapped in 2020, but project on track to return amid mounting calls for better ...

Posted on 11/09/2023

China Citic Bank International eyes mobile banking increase in Hong Kong, aims to save 1 million sheets of paper a year

The lender aims to cut down on paper use in its 24 local branches to save 1 million sheets of paper a year, as it goes all-in on promoting its mobile banking app, according to a senior executive.

Posted on 11/09/2023

Hong Kong development minister confirms luxury house at Redhill Peninsula has illegal structures, hours after site evacuated following landslide

Secretary for Development Bernadette Linn says initial investigation also shows luxury estate’s house No 72 unlawfully occupies slope considered government land.

Posted on 10/09/2023

Investors should look to Hong Kong as financing platform for belt and road infrastructure projects, city’s Paul Chan says

Finance chief touts Hong Kong as key player in China's plan to grow global trade, pointing to city's ample fiscal products and sound legal system 'As the country's international financial centre, Hong ...

Posted on 10/09/2023

Hong Kong Extends Shutdown After Record Rain Overwhelms City

Hong Kong's heaviest rainstorm since records began in 1884 flooded the financial hub's streets and sent torrents of water rushing through subway stations, bringing much of the city to a standstill and ...

Posted on 10/09/2023

Storms Deluge Hong Kong and Other Southern Chinese Cities

Rainstorms caused by remnants of Typhoon Haikui, which had been churning along the Chinese coast, submerged roads and homes, and set rainfall records.

Posted on 10/09/2023

Hong Kong migrants revel in Cantopop concerts, films from home as tears flow, emotions high in ‘collective healing’ at venues in Canada, UK

Emotional scenes as migrants who left in recent years flock to see RubberBand concerts and other Cantopop groups.

Posted on 10/09/2023

Hong Kong luxury home market awaits return of affluent mainland Chinese buyers, as city’s talent scheme powers rentals

The city recorded 42 luxury home sales in the three months to June, down 37.3 per cent quarter on quarter, as high borrowing costs put off investors The decline in Hong Kong luxury flat sales reflects ...

Posted on 10/09/2023

Hong Kong’s investment arm to start funding projects by year-end

The Hong Kong Investment Corp. (HKIC), a government-owned investment operation created last October, is actively selecting potential projects and is expected to begin pouring money into them by ...

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