The Hong Kong government’s choice of a public relations firm to help rebuild the city’s shattered international image has raised eyebrows in the industry. PR experts wondered why the government handed ... ( read original story ...)
New World Development speeds up sale of noncore assets as disposals top HK$10 billion in financial year
Developer sells two noncore assets in Hong Kong for a combined value of HK$3.57 billion (US$460.6 million) New World says it is optimistic about Hong Kong and Greater Bay Area, which will continue to ... ( read original story ...)
Hong Kong stocks slide as a resurgence in coronavirus cases shakes optimism for swift economic recovery
A resurgence in coronavirus infections from Beijing to cities across America sends the Hang Seng Index into a third consecutive day of losses, while global death toll mounts. ( read original story ...)
HSBC, Citibank predict Hong Kong’s economy will contract by up to 5 per cent this year before recovering in 2021
HSBC Private Banking expects economy will contract 5 per cent this year, while Citibank has forecast a 4.6 per cent slump. ( read original story ...)
Asset manager Federated Hermes raises concerns over HSBC’s public support of national security law for Hong Kong
Federated Hermes, an asset manager, is concerned the new legislation could have an ‘adverse impact’ on human rights in Hong Kong, and wants to ‘fully understand’ HSBC’s reason for supporting it. ( read original story ...)
China unveils cross border wealth management scheme with Hong Kong, Macau
China announced details of a long-anticipated pilot scheme on Monday linking up investment of wealth management products in Hong Kong and Macau with neighbouring cities, to further integrate the ... ( read original story ...)
China Ties Hong Kong Closer With Cross Border Wealth Flows
China moved to further deepen its economic ties to Hong Kong, allowing two-way cross border purchases of wealth products at the same time as authorities in Beijing push to quell dissent in the former ... ( read original story ...)
China to restrict visas for some Americans over Hong Kong row
China announced Monday visa restrictions on US citizens who have "behaved egregiously" over Hong Kong, ahead of the expected approval by Chinese lawmakers of a controversial national security law for ... ( read original story ...)
Asiamoney best bank awards 2020: Hong Kong
The bank takes customer feedback seriously. Hang Seng’s survey of about 1,000 Hong Kong customers showed that the majority still used a notebook or a computer spreadsheet to manage their personal ... ( read original story ...)
Asiamoney Private Banking Awards 2020: Hong Kong
No financial institution can touch HSBC in Hong Kong, where it has had a presence for three centuries. In wealth management, it is the same powerhouse it has been for decades, providing best-in-class ... ( read original story ...)
Chinese brokerages hammered in Hong Kong on media report banks to get broker licences
Chinese stock brokerages bear the brunt of a sell-off in Hong Kong and Shanghai on speculation onshore commercial banks will get new licences to compete with them. ( read original story ...)
Hong Kong’s battered Hang Seng Index expected to pick up steam in second half of year. No, really
There is probably too much bad news in the [Hong Kong stock] prices,” said Ray Farris, Credit Suisse's chief investment officer for South Asia. “Hong Kong, at these valuations, is an attractive and ... ( read original story ...)
Hong Kong Stock Market Predicted To See Continued Selling Pressure On Monday
The Hong Kong stock market has finished lower in consecutive trading days, surrendering more than 350 points or 1.4 percent along the way. The Hang Seng Index now sits just beneath the 24,550-point ... ( read original story ...)
Hong Kong stocks drop as a second wave of coronavirus pandemic shakes optimism for swift economic recovery
A second wave of coronavirus infections from Beijing to cities across America is pausing a rally in the Hang Seng Index this month, while global death toll mounts. ( read original story ...)