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Posted on 11/03/2023

Creditors Look to Sell Evergrande Chairman’s Hong Kong Mansion for HK$800 Million

Located in The Peak, the city’s most prestigious neighborhood, the mansion has 5,171 square feet and sweeping views ...

Posted on 11/03/2023

Hong Kong property: border reopening not quite the magic bullet hoped for, JLL report suggests

Transactions involving buyers from outside Hong Kong were still dramatically lower in January than in pre-pandemic times, JLL's data shows Interest from Hongkongers looking to buy property in the ...

Posted on 10/03/2023

UPDATE 1-China stocks end lower, recovery doubt sinks Hang Seng to 11-week low

China and Hong Kong stocks extended losses on Friday, led by automobile stocks and select internet stocks in Hong Kong, as investors' concern about China's recovery resurfaced after ...

Posted on 10/03/2023

AIA looks past biggest profit slump in a decade, banking on Hong Kong’s reopened borders to lift insurance sales

AIA's 2022 net profit tumbled 96 per cent to US$282 million, or US$2.36 per share, missing analysts estimates Sales jumped in the first two months, as a million mainland Chinese travellers poured ...

Posted on 10/03/2023

Hong Kong cruises into future with arrival of Resorts World One with 150 calls from ships from 16 companies to come

Cruise ship to set off for inaugural tour from Hong Kong on Friday evening, with nearly 3,000 passengers and crew on board High airfares and limited capacity provide an opportunity for cruise sector ...

Posted on 10/03/2023

Latest round of Hong Kong consumption vouchers to be disbursed from mid-April, with scheme expected to boost post-Covid economy: Paul Chan

City's finance minister says it is 'appropriate' to give out vouchers since city is still recovering from economic effects of coronavirus pandemic Eligible residents will receive HK$5,000 over two ...

Posted on 10/03/2023

Analysis: Debt-laden local governments pose fresh challenges to China’s growth, financial system

China's push to revive the economy this year by increasing infrastructure spending while warding off financial risks is facing headwinds from massive local-government debt, which is more than $9 ...

Posted on 10/03/2023

Hong Kong stocks plunged Friday following a rout on Wall Street fuelled by worries over the banking sector, while traders are also awaiting the release of key US jobs data.

The Hang Seng Index dived 3.04 percent, or 605.82 points, to 19,319.92, wiping out all the gains made so far this year. The Shanghai Composite Index sank 1.40 percent, or 46.02 points, to 3,230.08, ...

Posted on 10/03/2023

AIA looks past one of its worst years, banking on Hong Kong’s reopened borders to lift insurance sales

AIA is looking to strong sales in 2023 to put one of its worst years behind it, as Asia’s largest insurer wagered that the rush of mainland Chinese customers across Hong Kong’s reopened borders would ...

Posted on 10/03/2023

Hong Kong stocks slump on banking worries

Hong Kong stocks tanked at the open Friday morning following a rout on Wall Street fuelled by worries over the banking sector, while traders awaited ...

Posted on 10/03/2023

Hong Kong’s post-pandemic recovery trend is ‘encouraging’: MTR CEO

Hong Kong's railway ridership sees a 'fast recovery' as the city reopens boarder with Mainland China after three years of pandemic, says MTR CEO Jacob Kam.

Posted on 10/03/2023

Asian equities fall after investors dump US bank shares

Asian equities followed the US sharply lower on Friday, after investors on Wall Street sold off stocks over concerns about the health of the US banking sector. Hong Kong’s Hang Seng index was down 2.2 ...

Posted on 10/03/2023

US bank jitters hit Asia stocks; yen drops with JGB yields after BOJ

Falling bank stocks drove Asian markets lower on Friday, while bonds rallied and expectations for U.S. interest rate rises were reduced after a surprise capital raising at a Silicon Valley startup ...

Posted on 10/03/2023

US sanctions 39 entities over alleged ‘shadow banking’ for Iran

The United States has imposed sanctions on 39 entities, including many based in the United Arab Emirates and Hong Kong, that Washington said facilitate Iran’s access to the global financial system, ...

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