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Tag: Hong Kong

Posted on July 17, 2023

Stock market today: Asian shares mostly lower after China reports weaker than expected growth in 2Q

Asian shares are mostly lower after China reported weaker growth than forecast in the last quarter. Markets in Japan were closed for a holiday and Hong Kong’s market closed due to a typhoon.
Posted on July 16, 2023

Hongkongers flock to Thailand to snap up cheap flats, as Southeast Asia’s second-largest economy courts foreign workers

Home prices in Thailand are around a quarter of Hong Kong’s, and Hongkongers are availing themselves of a visa scheme rolled out a year ago Sales to foreign buyers fell by about a third during the …

( read original story …)



Posted on July 15, 2023

Greater Bay Area: will China’s property slump foil Hong Kong developers’ multibillion-dollar bets?

Some of Hong Kong’s top developers have made huge forays into the mainland’s Greater Bay Area cities, investing in an array of real estate projects. While they are well-placed to take advantage of …

( read original story …)



Posted on July 14, 2023

‘Unacceptable’: Hong Kong’s small auditors are cutting corners, threatening to undermine city’s finance hub status, says accounting watchdog

Their attitude in compromising audit quality either by impaired objectivity or by cutting corners is unacceptable,’ says regulator’s head of inspection Edmund Wong, a lawmaker for the sector, said …
Posted on July 14, 2023

‘Unacceptable’: Hong Kong’s small auditors are cutting corners, threatening to undermine city’s finance hub status, says accounting watchdog

Their attitude in compromising audit quality either by impaired objectivity or by cutting corners is unacceptable,’ says regulator’s head of inspection Edmund Wong, a lawmaker for the sector, said …
Posted on July 14, 2023

OKX onboards 10K users within one month of launch in Hong Kong

OKX, a cryptocurrency exchange, said it garnered over 10,000 new user registrations within a month of launching its operations in Hong Kong.
Posted on July 14, 2023

Wanted Hong Kong activist’s relatives taken for questioning by police

Pro-democracy activist Nathan Law is interviewed by journalists outside the Final Court of Appeal after being granted bail in Hong Kong, China October 24, 2017. REUTERS/Bobby Yip/File Pho …
Posted on July 13, 2023

HSBC Expands Green Finance and Bond Teams in China Amid Geopolitical Uncertainties

Despite geopolitical uncertainties, HSBC Holdings, Plc (NYSE: HSBC) is building its green finance and bond teams in China after acquiring Hong Kong-based specialist asset manager Green Transition …
Posted on July 13, 2023

IMAX Proposes to Take Full Control of China Unit in $124 Million Deal

(Reuters) – Cinema operator IMAX said on Wednesday it has proposed to acquire full ownership of its Hong Kong-listed, China subsidiary in a deal valued at about $124 million. The acquisition of IMAX …
Posted on July 12, 2023

Two Hong Kong mansions sold at $25 million discount as property market slumps

Two Hong Kong mansions located at the Peak have been sold for a combined HK$560 million ($71.5 million), about HK$200 million less than the asking price, according to a local newspaper. The homes are …

( read original story …)



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