A Hong Kong court gave China Evergrande Group a five week reprieve to come up deal with creditors or face liquidation after the embattled developer said on Monday it was working on a revised debt restructuring plan.
China Evergrande winding-up hearing adjourned to Dec. 4 by Hong Kong court
A Hong Kong court on Monday adjourned a winding up hearing for property developer China Evergrande Group’s until Dec. 4. Evergrande has been in crisis since it defaulted on its debt obligations two …
China Evergrande granted final reprieve as winding-up hearing adjourned
A hearing on Monday to wind up China Evergrande Group was adjourned until Dec. 4, with a Hong Kong High Court judge giving the world’s most indebted property developer one last chance to come up with a restructuring plan or face liquidation.
79% of Standard Chartered’s profits come from Singapore and Hong Kong
SINGAPORE: A recent article says that Standard Chartered’s bankers in Singapore and Hong Kong are… The post 79% of Standard Chartered’s profits come from Singapore and Hong Kong appeared first on Th …
China Evergrande faces winding-up challenge in Hong Kong court
China Evergrande Group’s fate will be tested on Monday as Hong Kong’s High Court hears a winding-up petition against the embattled property developer, nearly two years after it defaulted on its debts.
Hong Kong investors to gain access to Aramco and other Saudi mega cap stocks via soon-to-be launched ETF
The fund will track Saudi Arabia’s 50 most valuable companies operating in sectors including financials, energy and materials, sources said The ETF will be managed by CSOP Asset Management, a Hong Kong venture owned by China Southern Asset Management,
Special Report – Macau: Secondary or irreplaceable role?
There are those who perceive Macau (and Hong Kong) as playing a secondary, albeit active, role in building the Belt and Road Initiative (BRI). However, there are also those who oppose this view and …
John Lee’s 2023 policy address shows Hong Kong is waking up to new realities
While acknowledging the city’s vulnerability to larger economic and geopolitical forces, the chief executive delivered a blueprint that draws on new thinking to try to rebalance Hong Kong’s economy …
Eight companies honoured with HSBC Business Excellence Awards
The Hong Kong and Shanghai Banking Corporation (HSBC) yesterday honoured eight business enterprises of Bangladesh for their outstanding contribution to the sustainable growth of the economy even …
Hong Kong may face over HK$100 billion fiscal deficit, finance chief Paul Chan warns
The Hong Kong government may face a fiscal deficit of more than HK$100 billion, the city’s finance minister has warned, citing a slow post-pandemic recovery and reduced revenue from land sales and …