Hong Kong City Leader John Lee Ka-chiu announced an overhaul of the district's council, with locally elected seats dropping to 20% and introducing a stringent vetting process for the candidates.
Hong Kong tax revenue drops HK$18.3 billion to HK$360.2 billion in 2o22-23; decline in property and stock market activity blamed
Latest tax income figures reverse upwards trend seen over past few years Inland Revenue commissioner says property market 'not very active' and sluggishness hit tax take for year Hong Kong's tax ...
HSBC soothes shareholders by restoring dividend as profit triples
HSBC tripled its profit in the first quarter as rising interest rates boosted its income, beating analyst forecasts and helping the bank pay its first quarterly dividend since 2019. The strong results ...
Hong Kong to slash elected seats in setback to democracy
Hong Kong’s leader has unveiled plans to eliminate most directly elected seats on local district councils, the last major political representative bodies chosen by the public
Hong Kong reports Q1 GDP growth after 2022 contraction
Hong Kong's economy grew in the first quarter of 2023, the city's leader said Tuesday, ending a disastrous year-long spell in which the finance hub was effectively closed for business due to pandemic ...
Hong Kong’s GDP rebounds 2.7% in first quarter as outlook brightens
Hong Kong's economy grew 2.7% in the first quarter of 2023, John Lee, the leader of the Asian financial hub, said in a surprise announcement ahead of Tuesday's official release of the data, to snap ...
Hong Kong to Slash Locally Elected Seats in Democracy Rebuke
Hong Kong plans to slash the number of directly elected seats in local district councils as authorities seek to prevent activists from gaining power.
Hang Seng index analysis after HSBC earnings, Hong Kong GDP data
The Hang Seng index drifted upwards on Tuesday after the stronger-than-expected Hong Kong GDP data and HSBC earnings. The index rose slightly by about 35 basis points even as other Chinese indices ...
HSBC says profits triple as it announces share buyback
HSBC announced it had tripled its quarterly profit Tuesday, blowing past expectations as it benefited from high interest rates around the world.
HSBC rewards shareholders with buyback, dividend as profit triples
HSBC Holdings said on Tuesday its profit tripled in the first quarter, beating expectations, as rising interest rates boosted the lender's income and helped it pay a first quarterly dividend since ...
Hong Kong shares edge higher as HSBC earnings beat
Hong Kong stocks were marginally up on Tuesday as HSBC soared after reporting a tripling in quarterly profit, while investors cautiously evaluated China activity data over the holiday weekend. We ...
HSBC Announces $2 Billion Buyback After Profit Beats Estimates
HSBC Holdings Plc will buy back as much as $2 billion of stock as the Asia-focused lender announced a fresh plan to return money to shareholders after reporting first-quarter results that beat ...
HSBC plans $3b share buyback as profits beat estimates
The bank is in the middle of a pivot to Asia while shedding unprofitable businesses in North America and Europe.
HSBC restores quarterly dividend, sets buyback as profit triples
HSBC Holdings reported on Tuesday a better than expected tripling of quarterly profit, as rising interest rates worldwide boosted the lender's income and helped it pay a first quarterly dividend since ...