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Posted on 16/11/2023

Unemployment rate in Hong Kong during August-October rises to 2.9%

Hong Kong's seasonally adjusted unemployment rate edged up to 2.9% in the August-October period, the government said on Thursday.

Posted on 16/11/2023

HK home prices to fall by 10 percent in 2024: UBS

Hong Kong home prices are likely to fall by another 10 percent by the end of next year as high interest rates continue to weigh on the market, according to UBS. The bank on Thursday forecast that the ...

Posted on 16/11/2023

Hong Kong stocks slip as mainland Chinese funds sell into rally amid concerns about weak Tencent and tech earnings

Hong Kong stocks slipped as mainland Chinese funds took advantage of the market rally before the nation’s biggest tech companies report their earnings with Tencent signalling a weak trend. The first ...

Posted on 16/11/2023

Hong Kong slams ‘untruthful remarks and smears’ in US commission report saying it has transformed into a mainland Chinese city

The Hong Kong government has issued a strongly worded statement rejecting the “untruthful remarks and smears” in a US commission report which says the city has transformed into a mainland Chinese one ...

Posted on 16/11/2023

French Stuntman Dies After Falling from Hong Kong Skyscraper

A French man who was known for his daring stunts on social media died last week after falling from the 68th floor of a Hong Kong skyscraper, according to reports. Remi Lucidi, 30, who had a large ...

Posted on 16/11/2023

Exiled Hong Kong activist leads protest against Chinese President Xi Jinping

Chinese immigrant Anna Kwok speaks out against the Chinese Communist Party amid Chinese President Xi Jinping's meeting with President Biden on 'The Bottom Line.' ...

Posted on 16/11/2023

Sora’s First Summit Brought Sam Bankman-Fried to Hong Kong. Now, They’ve Got Their Eyes on Taipei.

Jason Fang and Sora Ventures have opened up shop with a marquee office in Taipei 101, and want to revolutionize science with the bitcoin blockchain.

Posted on 16/11/2023

US federal pension fund to exclude Hong Kong investments, amid China tensions

The US$771 billion Federal Retirement Thrift Investment Board says it will switch the benchmark index for its international fund, effectively ridding exposure to Hong Kong.

Posted on 16/11/2023

Hong Kong real estate agencies face legal action from antitrust watchdog over alleged sales commission fixing

Hong Kong’s competition watchdog has taken legal action against two real estate agencies for allegedly fixing sales commissions with rival firm Centaline, which has been granted leniency in exchange ...

Posted on 16/11/2023

WuXi XDC sets its Hong Kong IPO price at high end of range

A unit of Chinese contract drugmaker Wuxi Biologics set its initial public offering price at the top end of its guided range, indicating strong demand in a choppy year for listings in Hong Kong. The ...

Posted on 16/11/2023

Hong Kong finance chief vows to seize Apec opportunity to lure more US firms, dispel ‘negative narratives’ about city

Paul Chan says he’ll encourage US firms to realise city’s development potential, especially in AI, big data analytics, biotech, fintech and advanced manufacturing.

Posted on 16/11/2023

Hong Kong food tech startup challenges Japanese bento market

HONG KONG -- Kamakura Foods, a Hong Kong startup founded by a Japan-educated former Sony chip engineer, is challenging the bento market in Japan, where the boxed lunches originated. The company plans ...

Posted on 16/11/2023

China Traders Sell Shares in Hong Kong Amid City’s Rebound

Investors in mainland China appear unconvinced that a rebound in Hong Kong’s shares can sustain, underscoring doubts on the prospects of equities listed in the city. They sold HK$9.5 billion ($1.2 ...

Posted on 16/11/2023

WuXi XDC Sets IPO Price at Top of End of Range

A unit of Chinese contract drugmaker Wuxi Biologics set its initial public offering price at the top end of its guided range, indicating strong demand in a choppy year for listings in Hong Kong.

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