The reduction in classes means about 1,675 spots were shed this academic year Vu Im-fan, head of the Subsidised Primary Schools Council and a primary school principal, urged authorities to implement ... ( read original story ...)
China to enhance Hong Kong’s status as a global financial hub, adding overseas stocks to cross-border trading scheme
An expansion of the eight-year-old Stock Connect scheme will for the first time give mainland traders access to overseas companies listed in Hong Kong, an official said on Friday. ( read original story ...)
Credit Suisse Hit by Key Private Bank Resignations in Hong Kong
Credit Suisse Group AG has been hit by two senior private banker resignations in Hong Kong as the Swiss lender targets a global overhaul following a wave of scandals that triggered billions of dollars ... ( read original story ...)
Chinese bank exposure to developers’ bad loans piles up
Non-performing loans to the real estate sector are piling up at China's major listed banks even as they seek to reassure investors that any impact from deteriorating asset quality will be manageable. ( read original story ...)
Silver Bonds: Hong Kong gets HK$62.6 billion of bids from record number of subscribers seeking inflation-beating returns
The HK$45 billion inflation-protected bonds come with a guarantee at least a 4 per cent annual coupon, a variable target pegged to the city's inflation rate Consumer prices rose 1.9 per cent in July, ... ( read original story ...)
Yuan Appeal Fades in Hong Kong as Local Rates Hit 14-Year High
China’s yuan is losing support from Hong Kong investors as the city’s monetary authority follows the Federal Reserve in hiking rates, reducing the currency’s attractiveness versus the local dollar. ( read original story ...)
How Hong Kong can roll back Covid-19 restrictions to save the economy
That lesson applies directly to the Covid-19 situation in Hong Kong. We know the latest variants are extremely contagious and cannot be stopped from spreading in the community. We also know they ... ( read original story ...)
US regulators to vet Alibaba, JD.com, other Chinese firms’ audits
The selection follows a landmark audit deal between Beijing and Washington on Friday allowing U.S. regulators to vet accounting firms in mainland China and Hong Kong, potentially ending a long-running ... ( read original story ...)
Talent Agency’s Pulled IPO Adds to Hong Kong’s Deal Troubles
A management firm that represents Chinese celebrities is the first this year to suspend an initial public offering in Hong Kong after having started to take orders for its shares, evidencing a ... ( read original story ...)
China Vanke’s Property-Management Arm Onewo Readies Hong Kong IPO
By Clarence Leong Chinese property manager Onewo Inc., which is majority-owned by China Vanke Co., is preparing to launch an initial public offering in ... ( read original story ...)
Hong Kong aims to scrap hotel quarantine in November: report
Hong Kong aims to scrap hotel quarantine in November, ahead of a summit of global bankers and an international rugby competition, according to a Bloomberg report citing sources familiar with the ... ( read original story ...)
Hong Kong’s Key Borrowing Rate Surges to Highest Since 2008Hong Kong’s Key Borrowing Rate Surges to Highest Since 2008
A gauge of Hong Kong’s interbank borrowing costs surged to the highest level in 14 years, tracking rising global rates amid expectations of aggressive rate hikes by major central banks. ( read original story ...)
Hong Kong must put Covid in the rear-view mirror and nurture local talent to outpace Singapore on the global stage
Singapore earned a leg up on Hong Kong this week, when the city state unveiled a new five-year visa to lure foreign nationals, consolidating its status as Asia’s pre-eminent post-Covid city. ( read original story ...)
Talent Agency’s Shelved IPO Adds to Hong Kong’s Deal Trouble
A management firm that represents Chinese celebrities is the first to suspend an initial public offering in Hong Kong after having started to take orders for its shares, evidencing a valuation ... ( read original story ...)