Cathay Pacific Airways Ltd. said it was ready to rebuild as Hong Kong opened up to global visitors, despite reporting wider losses in 2022. The airline reported an annual loss of 6.55 billion Hong Kong dollars ($834.
SoftBank-Backed Startup Ziroom Is Said to Mull $1 Billion HK IPO
Chinese home rental platform Ziroom Inc. is considering a Hong Kong initial public offering that could raise about $1 billion as soon as this year, according to people familiar with the matter.
Hong Kong’s Cathay Pacific posts $834 million loss for 2022
Cathay Pacific Airways Ltd. said it was ready to rebuild as Hong Kong opened up to global visitors, despite reporting wider losses in 2022. The airline reported an annual loss of 6.55 billion Hong Kong dollars ($834.
China’s SHEIN set to raise $2 bln, eyes US IPO later this year -sources
HONG KONG, March 8 (Reuters) - Chinese online fashion retailer SHEIN ... The company last month held initial talks with several investment banks to pick lead bookrunners for the U.S. IPO, said two of ...
Tech stocks sink as Hang Seng slips below 20,000 points amid China regulatory overhaul, hawkish Fed policy tone
Hong Kong stocks slumped by most in five weeks amid China’s moves to strengthen its regulatory oversight of the financial markets and preparing plans to overcome US technology curbs. Traders bet the ...
Chinese bank earnings threatened by early mortgage payments
Chinese banks are facing a new earnings challenge as growing numbers of homebuyers pay off their mortgages ahead of schedule, threatening lenders with the loss of years of anticipated interest income.
Hong Kong’s Cathay Pacific reports first operating profit since 2019
Hong Kong carrier Cathay Pacific on Wednesday reported its first annual operating profit since 2019 as the airline fights to return to pre-pandemic flight capacity. The company said in its statement ...
Hong Kong Stocks Open With A Big Loss
Hong Kong stocks tumbled more than one percent at the open Wednesday after Federal Reserve boss Jerome Powell warned the bank will continue to hike interest rates as it tries to quell inflation.
Woman is latest to be arrested in murder of Hong Kong model Abby Choi
Hong Kong police have arrested a seventh suspect in the gruesome murder of 28-year-old socialite and influencer Abby Choi, whose dismembered body was found in large pots of soup. On Tuesday, police ...
Hong Kong’s Octopus plans to double investments, spend millions on consumption voucher offers, new chairwoman says
Octopus has no plans to seek initial public offering, non-executive chairwoman Jeny Yeung says Yeung adds use of Octopus UnionPay increased after reopening of border with mainland China Hong Kong's ...
Arrest made in relation to gruesome killing, dismemberment of Hong Kong model
Another person has been arrested in Hong Kong model Abby Choi’s gruesome killing. At total of seven suspects have been arrested including her ex-husband and his family members.
Hong Kong’s global financial status is at risk, report says
Beijing is changing Hong Kong's political norms, raising new concerns about the institutions underlying the city's previous prosperity and potentially putting its status as a global financial hub at ...
Hong Kong loses luster as retail units go vacant and big brands look to China
Glitzy Hong Kong shopping streets once packed with luxury stores now have about half of their shop units sitting vacant, according to property management companies ...
Woman arrested in killing and dismemberment of model Abby Choi in Hong Kong — the 7th person linked to crime
Authorities discovered a young woman's skull believed to be Choi's in a cooking pot that was seized from the house.