As relations with China grow more tense following U.S. House Speaker Nancy Pelosi's visit, Taiwan is set to release its general budget for 2023 which will include details of planned defense spending ... ( read original story ...)
Stranded Jets In Russia Cause BOC Aviation To Write Down $800 Million
BOC Aviation has written off 18 of its aircraft that are being held hostage in Russia, writing them off in their June 30 accounts. ( read original story ...)
Hong Kong finance chief says ‘no plan or intention’ for authorities to either scrap cooling measures or intervene in property market
Financial Secretary Paul Chan says government cannot see any risk of property market 'falling off a cliff', adds policy not affected by 'short-term fluctuations' Authorities 'cautiously optimistic' ... ( read original story ...)
HK Finance Chief Expects ‘Moderate’ Inflation in ‘Buffered’ City
Hong Kong’s rate of inflation for the full year is likely to remain at a “roughly moderate” level of 2.1% because the city is buffered from some of the factors that have exacerbated inflation in the ... ( read original story ...)
Mainland Chinese student surrenders to Hong Kong police, foiling fraudsters’ plan to scam HK$6 million
The 27-year-old master's degree student was travelling home from Germany to northern China via Hong Kong and received a call from fraudsters when she was in the city She was asked to visit a ... ( read original story ...)
China Tourism Group Duty Free prices IPO at HK$158, raising US$2.1 billion in Hong Kong’s biggest deal this year
The world’s largest travel retailer by sales prices its Hong Kong IPO at HK$158 per share or total proceeds of US$2.1 billion in the city’s biggest deal this year. ( read original story ...)
Hong Kong’s GigaCloud sees stock rocket over 200% in wake of $36M US IPO
Hong Kong-based e-commerce services provider GigaCloud Technology (GCT) saw its shares rocket over 200% Friday, the day after it held a $36M initial public offering ... ( read original story ...)
Geely Said to Weigh Hong Kong IPO for Ride-Hailing Firm Cao Cao
Chinese carmaker Zhejiang Geely Holding Group is considering an initial public offering in Hong Kong for its ride-hailing firm Cao Cao Mobility, according to people familiar with the matter. A ... ( read original story ...)
China jails Canadian tycoon for 13 years for finance crimes
A Chinese-born Canadian tycoon who disappeared from Hong Kong in 2017 was sentenced Friday to 13 years in prison for a multibillion-dollar string of financial offenses and his company was fined $8.1 ... ( read original story ...)
Hong Kong stocks finish with small gains
Hong Kong stocks ended the week slightly higher as late bargain-buying dragged them out of negative territory, though traders remain concerned about ... ( read original story ...)
Hong Kong Home Prices Could Fall 10% After HSBC and StanChart Hike Rates
Hong Kong’s home prices could fall as much as 10% in the second half after two major banks raised mortgage rates for new homebuyers to the highest since 2008, according to Bloomberg Intelligence.Most ... ( read original story ...)
Calvin Choi: Hong Kong’s Most Controversial Banker
Some may view him as an auditing pioneer and investment banking legend. Others call him a marketer lacking substance and a fraudster. Few will describe him as plain. finews.asia takes a look at the ... ( read original story ...)
Hong Kong’s Bank of East Asia burned by China property loan losses
Bank of East Asia's bottom line plunged during the first half of the year, owing to a spike in impairment charges on loans to mainland China's struggling property sector. The major Hong Kong-based ... ( read original story ...)
China Tourism Group prices Hong Kong IPO at HK$158, raising US$2.1 billion
The world’s largest travel retailer by sales prices Hong Kong IPO at HK$158 per share, helping it raise US$2.1 billion in what amounts to the city’s top deal this year. ( read original story ...)