Secretary for Health Lo Chung-mau says 'worrying' trend of doctors, many in their 30s, quitting public hospitals for private sector after obtaining specialist qualifications 'The recent trend is that ...
Population growth not enough for John Lee to declare ‘happy Hong Kong’ job done
While population growth is encouraging, officials must remember that retaining the talent they have attracted requires addressing many long-running issues Unaffordable housing, long working hours, ...
Yuan slump turns Hong Kong into haven as mainland Chinese rush for higher bank rates, insurance policies and US dollar
The yuan has depreciated 5.4 per cent against the US dollar this year to hit the weakest level since October, with some analysts forecasting further downside Lenders including HSBC, Standard Chartered ...
C Suisse Reportedly Plans to Layoff 80% of HK I-bank Staff
Credit Suisse will begin laying off staff at its Hong Kong investment bank this week, with about 80% of them expected to be laid off and only about 20 headcounts retained, Reuters ... Credit Suisse ...
Hong Kong’s rising mpox cases are a ‘delayed outbreak’, with more infections likely to follow surge in mainland China, experts warn
The mainland surge saw 491 new cases in July and caught the attention of the WHO. It noted in its latest mpox report earlier this week that a “significant increase” in cases had been observed in the ...
Hong Kong developers whipsawed by 16-year high inventories, lofty interest rates and China slowdown
Hong Kong developers are set to see lower earnings than previously expected after sales slowed in the three months to June amid overall home price downtrend and interest rate upcycle.
HSBC Awards Scholarships to 277 HK Students; 17% Scholarship Winners Join Financial Industry in Recent Yrs
HSBC awarded scholarships to 277 students from 20 universities and tertiary institutions in Hong Kong at the annual HSBC Scholars Day yesterday (9th). Nearly 7,000 students have be... HSBC awarded ...
HSBC Buys Back Over 4.66M Shrs for $297M Ytd
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 4.6626 million shares in the UK and Hong Kong markets yesterday (8th), involving a total of more than HK$297 milli... HSBC HOLDINGS ...
OCBC Bank HK To Raise USD Prime Rate to 7.75% p.a. Tmr
Today (7th), OCBC Bank Hong Kong announced that it will increase its US Dollar Prime Rate from 7.5% p.a. to 7.75% p.a., effective from tomorrow (8th).
Hongkong Land: No Plan to Sell Central Properties; Rumors on Three Exchange Square Sales Purely Speculation
Media reports recently suggested that Hongkong Land is planning to sell Three Exchange Square, a grade-A business tower in Hong Kong’s Central district, with a staggering price tag of $16 billion.
3 Hong Kong workers die in ‘darkest day’ for construction industry
Three Hong Kong workers died in separate industrial accidents on Saturday in what a concern group said was “the darkest day” for the construction sector. A 40-year-old man demolishing a village house ...
Underperforming civil servants in Hong Kong to be sacked ‘in a few months’ rather than 2 years under new system
We hope to signal that we will seriously deal with colleagues whose work performance is not up to standard, says Secretary for the Civil Service.
Alarm bells rung over Hong Kong students’ gambling habits by counselling service
Survey finds more than 40 per cent of postsecondary students have gambled, some up to HK$5,000 over a three-month period.
HSBC HK Expects Loan Demand to Stay Weak in 2H with Strong NII
Luanne Lim, CEO of HSBC Hong Kong under HSBC HOLDINGS (00005.HK) -0.650 (-1.096%) Short selling $365.73M; Ratio 39.144% forecast the loan demand to remain weak in the second half ...