Paul Chan attributes lower figure to increased stamp duty income on stock trading and lower-than-expected departmental expenditure.
Hong Kong Exchange Operator Posts Record Quarter on Strong Trading, IPO Activity
The stock-exchange operator said Wednesday that net profit jumped 37% from a year earlier to 4.08 billion Hong Kong dollars, equivalent to US$525.9 million.
Hong Kong legislature passes HK$822.3 billion budget bill for 2025-26
Hong Kong lawmakers have approved the 2025 Budget bill, which includes total government expenditure of HK$822.3 billion. The 2025 Appropriation Bill was passed on Wednesday after its third reading in ...
Bank Account Risks Management: Tips for Hong Kong Banking Operations
Bank account risks management in Hong Kong is essential, as financial institutions tighten compliance checks of corporate accounts.
Hong Kong data privacy firm Terminal 3 raises US$8 million
Terminal 3, a Hong Kong-based Web3 start-up specializing in decentralized data privacy, has raised US$8 million in seed funding to fuel its expansion and upcoming product launches.
China’s CATL to launch Hong Kong listing in May but some advisers warn about trade risks, sources say
By Selena Li and Scott Murdoch HONG KONG/SYDNEY (Reuters) -Chinese battery giant CATL plans to launch its Hong Kong listing next month, two sources with direct knowledge of the matter said, in what is ...
HKEX posts best quarter ever as China’s ‘DeepSeek moment’ spurs IPOs, market’s rerating
Hong Kong Exchanges and Clearing (HKEX), operator of Asia’s third-largest stock market, said its first-quarter profit reached a record high, thanks to more new listings and increased turnover. Net ...
Demand for Chinese stocks lifts Hong Kong exchange’s profits
The exchange also continued to play its role in the internationalisation of Chinese assets. It now permits Chinese government and policy bank bonds held through the Bond Connect scheme — which allows ...
China’s CATL to launch Hong Kong listing in week of May 12, sources say
Chinese battery giant CATL plans to launch its Hong Kong listing next month, two sources with direct knowledge of the matter said, in what is set to be the city's largest share sale in four years. The ...
China’s CATL to launch Hong Kong listing as early as next week, sources say
HONG KONG/SYDNEY (Reuters) -Chinese battery giant CATL plans to launch its Hong Kong listing as early as next week, according to two sources with direct knowledge of the matter, in what is set to be ...
Hong Kong exchange posts 37% rise to record Q1 profit as trading soars
Hong Kong's bourse operator on Wednesday posted a 37% jump in first quarter profit to record its best ever quarterly performance, helped by a sharp increase in securities trading and listing ...
Hong Kong entrepreneurs put pitching skills to the test with business magnate Allan Zeman
Given just 45 minutes and use of the Huawei MatePad Pro 13.2-inch, three business owners create presentations to be judged by the Lan Kwai Fong Group chairman.
Hong Kong stocks mirror contraction in China PMI data
China’s April PMI falls to 49 from 50.5 in March and short of the consensus estimate of 49.7 Hong Kong stocks fell on Wednesday after an official report showed manufacturing in China contracted in ...
Insurer AIA Group’s value of new business jumps on strong Hong Kong sales
(Reuters) -Hong Kong-based insurer AIA Group reported a 13% rise in its first-quarter value of new business (VONB) on Wednesday, bolstered by its regional unit, which saw strong demand from local ...