Secretary for Development Bernadette Linn says initial investigation also shows luxury estate’s house No 72 unlawfully occupies slope considered government land.
Hong Kong’s First SPAC Pumps Up With Steel Trader ZG Group
ZG Group will raise HK$605 million from new investors through its SPAC merger with Aquila Acquisition, valuing the company at HK$10 billion The company lost a combined 1.1 billion yuan in the past ...
IPO Roundup: Arm Holdings, Vitro Biopharma and more
The IPO market is preparing for a significant event this week, with SoftBank Group's chip CPU unit, Arm Holdings (ARM), preparing to price its $4.7B IPO. This marks the largest IPO since Rivian (RIVN) ...
Hong Kong Bar Association chief warns possible US sanctions on judges pose ‘real threat’ to judiciary’s hunt for top talent
Association chair Victor Dawes also urges business communities to promote strengths of city’s legal system to overseas counterparts.
HSBC to Raise Mortgage Rates in Hong Kong; Property Stocks Fall
Hong Kong banks, including HSBC, last raised mortgage rates by 25 basis points in December, after Hong Kong's central bank hiked rates following the U.S. Federal Reserve. Interest rates in Hong Kong ...
HSBC to hike mortgage rates in Hong Kong by up to 50 bps
HSBC Holdings will raise its mortgage rates in Hong Kong by a maximum of 50 basis points, a spokesperson for the bank said on Monday, as it tries to maintain its profit margin amid higher interest ...
Hong Kong flood aftermath: smooth return to work, school for commuters despite ongoing repairs after record-breaking black-alert rainstorm
Situation at Wong Tai Sin station during morning rush hour largely smooth, with passengers seen exiting and entering trains as normal.
Former CEO of China’s Alibaba quits cloud business in surprise move during its leadership reshuffle
In a filing to the Hong Kong stock exchange, Alibaba said that Eddie Wu, its new CEO, will also head its cloud unit. Wu and Alibaba’s new chairman Joseph Tsai assumed their new roles by Monday, with ...
Alibaba stock slides after ex-CEO abruptly quits cloud unit ahead of IPO
Alibaba's stock lost more than 4% in Hong Kong on Monday after ex-group CEO Daniel Zhang quit just two months after concentrating his focus on cloud computing, raising concern over the unit's spin-off ...
Freshippo reportedly delays planned IPO due to low valuation
Alibaba’s grocery unit Freshippo has postponed its Hong Kong IPO amid weak consumer share sentiment, according to Bloomberg. The unit was originally ...
Clone of This startup helps hospitals treat stroke patients quickly
Hopebotics’ device transfers stroke patients’ therapy at home whilst hospitals monitor the progress remotely. People, as they age, would frequent hospitals; and admissions in relation to the scale of ...
Hong Kong: Cliffside mansions at risk of collapse after record rains
Several multi-million dollar mansions at a cliffside estate in Hong Kong are at risk of collapse after record rains last week eroded their foundations. The rains loosened the soil and carved the side ...
China Citic Bank eyes mobile banking increase in Hong Kong, aims to save 1 million sheets of paper a year
China Citic Bank aims to turn its 24 Hong Kong branches paperless within the next year as it promotes mobile banking Wider acceptance of mobile banking gives smaller lenders that lack branch networks ...
Hong Kong Builders Sink on Sun Hung Kai Earnings, HSBC Rate Plan
Hong Kong property stocks suffered their biggest selloff in seven months, hit by disappointing earnings at the city’s top builder and a major bank’s reported plan to raise mortgage rates. The Hang ...