As Hong Kong takes its first steps toward cracking down on cannabidiol, businesses specializing in CBD-infused beers, coffees and other products are scrambling to work out what comes next. ( read original story ...)
Hong Kong Growth Hopes Crumble Under Weight of Covid Policies
Hong Kong’s economy will struggle to expand at all this year, the latest Bloomberg survey of economists shows, as the city grapples with Covid restrictions, a trade slump and other global headwinds. ( read original story ...)
HSBC oversold risks of $35 billion Asia spin-off, investor Ping An thinks – source
By Selena Li, Lawrence White and Anshuman Daga HONG KONG/LONDON (Reuters) – HSBC overstated the risks of spinning off its Asia unit when it rebuffed such a proposal by shareholder Ping An Insurance ... ( read original story ...)
Hong Kong’s TOP Financial stock rallies 52% after sliding last two sessions
Hong Kong online brokerage TOP Financial (TOP) saw its shares rocket over 50% on Thursday after losing significant ground the last two sessions ... ( read original story ...)
Cardinal Zen to stand trial in Hong Kong in September
A judge set a five-day trial for Cardinal Joseph Zen Ze-kiun and four other defendants who face charges of failing to properly register a now-defunct fund to help anti-government protesters. ( read original story ...)
BOCHK and BOC Life launch Hong Kong’s first green insurance plan certified by an independent third party
Bank of China (Hong Kong) (“BOCHK”) and BOC Group Life Assurance Company Limited (“BOC Life”) have announced the launch of BOC Life iGreen Savings Insurance Plan − Hong Kong’s first-ever green ... ( read original story ...)
Hong Kong treasury chief revealed as biggest property owner among John Lee’s governing team
Secretary for Financial Services and the Treasury Christopher Hui declares total of seven local and overseas properties owned by him, his wife or their families At least three other senior officials ... ( read original story ...)
Breaking up HSBC would unlock up to £29bn payday, says Chinese shareholder
Insurer accuses lender of ‘exaggerating’ challenge of spinning off its Asian business The Chinese investor campaigning to break up HSBC believes a split would unlock as much as $35bn (£28.6bn) in ... ( read original story ...)
Hong Kong population drops by record on China’s grip, COVID curbs
Hong Kong saw a record decline in the city's residents in the past year as many fled the financial hub to escape strict COVID-19 isolation measures and Beijing's tightening grip on society. Hong ... ( read original story ...)
Hong Kong to deepen GBA innovation, tech cooperation
expenditure exceeded 26.5 billion Hong Kong dollars (about 3.38 billion U.S. dollars), a record high, and the number of start-ups has increased to about 4,000, official data showed. Hong Kong ranked ... ( read original story ...)
‘Caught in the Middle’: China’s Mortgage Crisis and 10 Stocks to Watch
In this article, we discuss China’s mortgage crisis and 10 stocks to watch. If you want to check out more stocks to monitor in this situation, click 5 Stocks to Watch Amid China’s Mortgage Crisis. ( read original story ...)
Growth Is Faltering As Prudential Feels The Heat In Hong Kong
Prudential reported 9% sales growth, but saw profits fall sharply, with Hong Kong and China disruptions. See why we rate PUK stock as a Sell. ( read original story ...)
Hong Kong Population Drops by Record as People Flee Covid Curbs
Hong Kong’s population dropped by a record as people fled strict Covid-19 restrictions that have hobbled the city as most other regions move on from the pandemic. ( read original story ...)
Samsung Solve for Tomorrow 2022 Calls Students to Innovate to Address Pressing Social Issues and Help Build a Better Hong Kong
This year's Solve for Tomorrow theme is 'Innovate for a Better Hong Kong’. Samsung is encouraging the city's primary and secondary students to develop creative technology solutions for diverse local ... ( read original story ...)