Hong Kong will give away air tickets and vouchers to woo tourists back to the international financial hub, racing to catch up with other popular travel destinations in a fierce regional competition.
Hong Kong’s cenbank raises interest rate after Fed hike
The Hong Kong Monetary Authority (HKMA) raised its base rate charged through the overnight discount window by 25 basis points to 5.0% on Thursday, hours after the U.S. Federal Reserve delivered a rate ...
JPMorgan says Hong Kong shares to rebound in February and names 5 stocks to own
JPMorgan has identified five stocks to own amid an expected rise in Hong Kong and China stocks in February as investors rotate into "quality laggards." ...
Hong Kong bans CBD, imposes zero-tolerance policy, harsh penalties for possession
After Hong Kong's CBD ban, anyone who possesses CBD risks seven years in jail and a $128,000 fine. Other charges could result in life in prison.
Hong Kong officials implement ban on CBD
Hong Kong on Wednesday implemented a ban CBD, putting it in the same class as heroin and cocaine. © Jerome Favre/EPA-EFE Hong Kong's government implemented a ban ...
Hong Kong criminalizes CBD, ranking it alongside heroin and cocaine
Authorities justify the ban, which mirrors mainland China's, by arguing that cannabidiol products could be converted into THC, the intoxicating compound in cannabis.
Hong Kong economy shrank 3.5 percent in 2022
Hong Kong's economy shrank by 3.5 percent in 2022, with exports plunging and the city's worst-ever coronavirus outbreak battering businesses, the government announced Wednesday, while saying it hoped China's reopening would spur a recovery.
Hong Kong’s economy contracts more than expected in 2022
Hong Kong’s economy suffered a 3.5 per cent contraction last year as the city struggled to preserve its status as Asia’s financial hub, but economists forecast a rebound to growth in 2023. The Chinese territory’s economy shrank 4.
Hong Kong’s economy shrinks for 4th quarter, but recovery seen in 2023
Hong Kong's economy shrank for the fourth straight quarter, contracting an annual 4.2%, advance government data showed on Wednesday, worse than economists' estimates as weakening global demand and higher interest rates hit exports and spending.
Hong Kong’s Economy Shrank at Slower Pace in Fourth Quarter
Hong Kong’s economy contracted at a slower pace in the fourth quarter of 2022, partly owing to stronger growth in government consumption expenditure.
Hong Kong’s Economy Contracts in 2022 on Covid, Slowing Demand
Hong Kong’s economy contracted last year for the third time since 2019 as slowing global demand, rising interest rates and a prolonged exit from isolating Covid curbs weighed heavily on the financial hub.
China EV Makers Jump in Hong Kong, Extending Wall Street Rally
Shares of Chinese electric car makers jumped in Hong Kong on Wednesday, extending soaring overnight gains on Wall Street, driven in part by expectations of recovering sales in the world’s largest automobile market.
Hang Lung Properties says Hong Kong property recovery will not be ‘V-shaped’
Adriel Chan from Hang Lung Properties says Hong Kong will get a boost from the return of Mainland China travelers looking for an "alternative" market.
Hong Kong Housing Slump Pushes Negative Equity to 18-Year High
The number of people in Hong Kong whose homes are worth less than their mortgages surged to an 18-year high as the financial hub struggles with the worst housing slump in more than a decade.