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Posted on 27/02/2024

‘Hong Kong is over’? Economist Stephen Roach defends article intended as ‘wake-up call’ over ‘growing undercurrent of angst’

In fresh opinion piece, Stephen Roach says title of original commentary stating 'Hong Kong is over' was overstatement, but says doubts still exist over future of city Chinese state media Xinhua weighs ...

Posted on 27/02/2024

China’s Zhida Weighing HK$1 Billion Hong Kong IPO This Year, Sources Say

Shanghai Zhida Technology Development Co., a maker of electric-vehicle charging systems, is considering an initial public offering in Hong Kong that could raise about HK$1 billion ($128 million), ...

Posted on 27/02/2024

Li Ka-shing retains top spot on Forbes list of Hong Kong’s richest

Business magnate Li Ka-shing keeps his crown as the wealthiest person in the city according to the Forbes list of Hong Kong’s 50 richest in 2024. Despite a city-wide decline in net worth, thanks to ...

Posted on 27/02/2024

HSBC HOLDINGS Buys back ~5.45M Shrs for HKD323M Ytd

HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 5.4499 million shares of the company yesterday (26th) in the UK and Hong Kong markets for a total of HKD323 millio... HSBC HOLDINGS ...

Posted on 27/02/2024

Hong Kong Budget Expected to Ease Property Curbs, Boost Tourism

Hong Kong Financial Secretary Paul Chan will look this week to cement the city’s tentative economic recovery and burnish its image as a global financial center while reining in the fiscal deficit.

Posted on 27/02/2024

Hong Kong prepares sweeping rules to foil stealthy crypto purchases

DOTTED across Hong Kong are small shops that convert between cash and crypto with few questions asked, a modern-day echo of the city’s freewheeling past. Soon, many may shut under a looming crackdown.

Posted on 27/02/2024

Hong Kong ‘losing out’ to jurisdictions such as Singapore, should exempt private credit assets from tax: industry body

Hong Kong’s funds industry is calling for a profit tax exemption for private credit assets, as the city is failing to attract a booming business and is losing out to Singapore because of its existing ...

Posted on 27/02/2024

It’s ‘a losing battle’ against abandoned fishing nets but he’s fighting anyway: meet Hong Kong’s ‘ghost net hunter’

Harry Chan is known as Hong Kong's 'ghost net hunter' for his work clearing the city's waterways of 'ghost nets' - fishing nets that have been abandoned He reveals why his parents almost sold him as a ...

Posted on 27/02/2024

Hong Kong budget to offer incentives to turn city into green maritime hub, source says

With fourth deficit in five years being estimated to be over HK$100 billion, Chan expected to deliver measures to boost income, cut expenditures and develop new industries Government also plans to ...

Posted on 27/02/2024

How Hong Kong’s Richest Billionaires Made Their Money

Buoyed by an uptick in tourism and consumption, Hong Kong’s economy grew an estimated 3.2% in 2023. Even so the post-pandemic recovery has been slower than expected amid a stagnant property sector and ...

Posted on 27/02/2024

Shein considering London IPO amid US resistance to listing

HONG KONG - Fast-fashion company Shein is considering the possibility of switching its initial public offering (IPO) to London from New York because of hurdles to the listing in the United States, ...

Posted on 27/02/2024

Restructuring specialists boost Hong Kong staff as China property crisis stokes demand

Alvarez & Marsal, which saw two of its managing directors appointed last month by a Hong Kong court to liquidate property giant China Evergrande Group, said its China business had about 260 staff as ...

Posted on 27/02/2024

HK Green Week: Hong Kong primed to lead region in green technology development

The Hong Kong Green Week, which began on Monday, is expected to attract some 5,000 attendees from dozens of jurisdictions A series of sustainability-themed discussions, exhibitions and events will be ...

Posted on 27/02/2024

Number of sacked Hong Kong civil servants triples in 6 years, with government pointing to stricter handling of misconduct cases as main reason

The number of Hong Kong civil servants fired from their jobs has nearly tripled over the past six years, with authorities mainly attributing the increase to the stricter handling of serious misconduct ...

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