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Posted on 23/11/2023

Hong Kong stocks fall to 1-week low on Fed rate concerns amid higher US inflation outlook

Most stocks weaken in early trading as the Hang Seng Index hits a one-week low. Concerns about inflation in the US keep investors at bay.

Posted on 23/11/2023

San Diego woman accused of stealing $8.5 million from Chinese boss in bank scheme

Ping Gao, who recently lost a $31.5 million civil judgement in trial over the same conduct, allegedly bought a $2.9 million Point Loma home with the stolen funds ...

Posted on 23/11/2023

LIV Golf 2024: Hong Kong confirmed as fourth stop of new season, with event scheduled for early March

Hong Kong will be the fourth stop on the LIV Golf schedule next year, with the tournament coming to the city in early March and setting it on a collision course with the PGA Tour. The event at Hong ...

Posted on 23/11/2023

Guangdong blueprint seeks to erase digital border with Hong Kong and Macau, expanding ‘one-hour living’ circle

Plan promises to make booking tickets, registering businesses, clearing airport immigration and even obtaining social welfare payments easier.

Posted on 23/11/2023

Nvidia Weighs On Asia Tech Stocks As Hong Kong Internet Rebounds

Asian markets were mixed on light volumes as Nvidia’s earnings results and the company's mention of US government restrictions on chip exports weighed on tech stocks.

Posted on 23/11/2023

Mastercard says wide adoption of central bank digital currencies would be ‘difficult’ right now

The difficult part of CBDCs is adoption, Ashok Venkateswaran, Mastercard's blockchain and digital assets lead for Asia-Pacific, told CNBC.

Posted on 22/11/2023

Hong Kong police arrest man trapped in handcuffs after he sought help from firefighters

Man, a British national with a Hong Kong identity card, has been detained on suspicion of possession of an offensive weapon.

Posted on 22/11/2023

The founder of Evergrande just lost 2 Hong Kong mansions collectively valued at $200 million to a creditor

Evergrande faces a winding-up petition in Hong Kong. The company has until December 4 to come up with a new restructuring proposal to stave off liquidation. Evergrande and Orix Asia Capital did not ...

Posted on 22/11/2023

Hongkong Land Names New CEO As Underlying Profits Slump

Hongkong Land’s Robert Wong will be succeeded by Michael Smith, the regional CEO for Europe and the U.S. at Mapletree Investments.

Posted on 22/11/2023

Hong Kong Housing Society will sell more than 400 subsidised flats at 62% of market price, dismisses concerns over property sector downturn

Cheapest flats at Hemma Amber development in Kwun Tong to sell for HK$2.55 million, with most expensive at HK$6.45 million Hong Kong Housing Society's Peter Or shrugs off property market downturn, ...

Posted on 22/11/2023

Hong Kong mansions, worth US$192 million, linked to China Evergrande founder Hui Ka-yan seized by creditor

The seizure of the two properties on Black’s Link, The Peak, is another setback for the founder of China Evergrande, which faces a winding-up hearing in Hong Kong on December 4.

Posted on 22/11/2023

Fitch Ratings affirms Bank of China (Hong Kong) at “A” (LT Int. Scale (foreign curr.) credit rating); outlook stable

Fitch Ratings affirmed the 'A' LT Int. Scale (foreign curr.) credit rating of Bank of China (Hong Kong) on November 21, 2023.

Posted on 22/11/2023

Hong Kong needs art financing ecosystem to complement efforts in luring global family offices to city, industry players say

Art collections and financing are major priorities for family offices because the richest clans want to develop and protect their legacy, Manulife's Damien Green says Green's StudioKT to open in Kwun ...

Posted on 22/11/2023

Exclusive-China to Name Finance Veteran Zhu as New Forex Chief, Sources Say

BEIJING/HONG KONG (Reuters) - China is set to appoint Zhu Hexin, a veteran banker and chief of state-run financial conglomerate CITIC Group, as the new head of its foreign exchange regulator, four ...

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