Hong Kong’s stock exchange had its busiest day of the year for new listings on Wednesday as five mainland Chinese companies made their debuts, cementing the city’s position atop the global ranking for …
Hong Kong moves to defend FX peg for third time in a week
HONG KONG] Hong Kong authorities intervened for the third time in a week to support the currency, which dropped towards the weak end of its official trading band as the city’s interest rates touched a …
Trump blocks acquisition of equipment supplier Jupiter Systems by Hong Kong firm
President Donald Trump ordered the blocking of the acquisition of audiovisual equipment supplier Jupiter Systems by Hong Kong’s Suirui International after Suirui was found to be a national security …
How can Hong Kong’s MTR Corp get back on track amid funding, manpower woes?
Sluggish real estate market weakens ‘rail-plus-property’ strategy to raise funds and shortage of technical staff is a big worry, experts say Hong Kong leader John Lee Ka-chiu was stern-faced and did …
Chinese Property Stocks Rise on Policy Support Hopes
Property developer stocks had a rare day of outperformance in the Hong Kong market amid hopes that more policy support is on the way.
Commercial property crisis looms in Hong Kong as shrinking values squeeze developers
Capital value of commercial property set to fall by up to 10 per cent this year, with office and shop rents also slipping, JLL says.
Wynn Resorts and its Macau subsidiary lose their bull rating at Citi
Wynn Resorts (NASDAQ:WYNN) slipped in early trading on Wednesday after Citi lowered its rating on the casino stock and its Hong Kong-traded subsidiary. Analyst George Choi downgraded Wynn Resorts …
Hong Kong’s Henderson Land to raise $1 billion through convertible bonds
Henderson Land Development is raising HK$8 billion ($1.02 billion) through convertible bonds for general corporate purposes and refinancing, the Hong Kong property developer said. The convertible bond …
U.S. issues additional Iran-related sanctions, Treasury website shows
The United States imposed sanctions on 22 companies in Hong Kong, the United Arab Emirates and Turkey on Wednesday for their roles in helping sell Iranian oil, the Treasury Department said.
Hong Kong economy’s ‘mixed signals’ portend retail-sector ‘turbulence’, analysts say
Shops keep closing despite retail sales growth but certain sectors show ‘leasing velocity’, while both tourist numbers and unemployment rise Hong Kong’s retail industry will experience mixed fortunes …