(Reuters) - China's largest bubble tea and drinks firm, Mixue Group, is seeking to raise HK$3.45 billion ($443.66 million) in a Hong Kong initial public offering, according to a regulatory filing made ...
Hong Kong homes lost US$61.7 billion of value after removal of curbs: Centaline
Total value of residential properties in Hong Kong stood at HK$8.99 trillion (US$1.15 trillion) in January compared with HK$9.5 trillion before the easing The removal of property curbs a year ago has ...
February Global Regulatory Brief: Green finance
The financial sector continues to face new rules and government expectations as part of the broader effort to aid the green transition.
Beijing allows Hong Kong banks to issue credit cards on mainland from March 1
The new rules will benefit lenders such as HSBC, Standard Chartered, Bank of East Asia and Hang Seng Bank, analysts say.
Hong Kong Shares End Lower, Weighed by Tech Stocks
Hong Kong shares ended lower, potentially due to profit-taking to lock in recent gains as focus returns to macroeconomic risks.
Hang Seng Bank profits up 3% to HK$18.38b in 2024
Earnings per share is HK$9.33; whilst total dividend is HK$6.8. Hang Seng Bank saw its profit attributable to shareholders rise by 3% year-on-year (YoY) to HK$18.38b for the whole year of 2024, its ...
Will Hong Kong’s property slump force it to raise taxes?
Hong Kong’s economy expanded just 2.5 per cent in 2024, and UBS has forecast 2 per cent growth this year. US President Donald Trump’s additional 10 per cent tariff on Chinese exports — which is set to ...
Eternal Beauty Struts Its Stuff As Hong Kong’s Newest IPO Contestant
Eternal Beauty has filed for a Hong Kong IPO, reporting its profit rose 20% year-on-year in the first half of its current financial year The perfume seller plans to use funds from the listing to furth ...
HSBC hit by fresh Hong Kong row: Bank accused of ‘shrugging its shoulders’ in the face of Chinese oppression
Boss Georges Elhedery (pictured) appeared to play down concerns over the blocking of pension savings from UK nationals who have fled Hong Kong.
HSBC to redeploy US$1.5 billion to Hong Kong, Asia from ‘low-return’ markets as CEO cuts costs
Hong Kong’s biggest bank announced US$2 billion in a share buy-back programme and 87 US cents per share in dividend.
HSBC sees $1.8 billion in revamp related costs as new CEO looks to boost returns
HSBC expects to incur $1.8 billion in expenses by the end of next year related to an overhaul initiated by its new CEO to cut long-term costs and boost profits while navigating diverging interest rate ...
Hong Kong expands virtual asset push with new licensing, trading options
Hong Kong is expanding the ways investors can trade virtual assets, its financial regulator said on Wednesday, as the city races to become Asia's digital assets hub and attract capital. The Securities ...
Hong Kong’s Hang Seng Bank names new chairman
Hong Kong-based Hang Seng Bank said on Wednesday Edward Cheng, chief of Wing Tai Properties, will succeed Irene Lee as the chairman of the board. Cheng is currently also the deputy chairman at Wing ...
HSBC to redeploy US$1.5 bln to Hong Kong, Asia from ‘low-return’ markets as CEO cuts costs
Hong Kong’s biggest bank announced US$2 billion in a share buy-back programme and 87 US cents per share in dividend.