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Tag: Hong Kong

Posted on August 9, 2023

Russian companies move legal battles to Hong Kong courts

Russian companies are turning to Hong Kong for dispute arbitration services as sanctions over the Ukraine war restrict their access to western courts. Lawyers in the city say Russian companies are …
Posted on August 9, 2023

Taiwan’s exports fall for 11th straight month, as mainland China’s weakened world-factory role hit shipments

Taiwan’s exports fell by 10.4 per cent in July from a year earlier due to weak demand from mainland China and Hong Kong Exports of Taiwan’s flagship electronic components, including semiconductors, …
Posted on August 9, 2023

Taiwan’s exports fall for 11th straight month, as mainland China’s weakened world-factory role hit shipments

Taiwan’s exports fell by 10.4 per cent in July from a year earlier due to weak demand from mainland China and Hong Kong Exports of Taiwan’s flagship electronic components, including semiconductors, …
Posted on August 8, 2023

Li Ka-shing’s CK Asset expects to sell 626 flats in weekend sale as 13,000 Hong Kong homebuyers bite on 7-year-low prices

CK Asset expanded the Coast Line II sale from 254 to 626 flats, and analysts say the low average price of HK$14,686 (US$1,880) per square foot will pressure other developers to cut prices in future launches.

( read original story …)



Posted on August 8, 2023

China Property Stocks Lead Hong Kong Market Slump

A cash crunch at China’s largest surviving property developer rattled Hong Kong’s stock market on Tuesday, sending the benchmark Hang Seng Index down 1.8%. Country Garden Holdings said it missed coupon payments that were due Monday on two U.

( read original story …)



Posted on August 8, 2023

Billionaire-Backed Fintech Becomes Hong Kong’s Latest Unicorn With $458 Million Round, Baillie Gifford Joins As A New Investor

The funding round, which values the two-year-old startup at $1.7 billion, included participation from Lenovo Capital, Vectr Fintech and Dara Holdings.

( read original story …)



Posted on August 7, 2023

Canadian Case Exposes Hong Kong Developer’s Corporate Ties to Chinese Criminal Underworld

Hong Kong property developer Yu Shunhui is known for his philanthropy and real estate deals, but there is a darker side to his business. Reporters have discovered that he is behind a company named …

( read original story …)



Posted on August 7, 2023

Exclusive: Credit Suisse Hong Kong investing banking job cuts, targeting 80% staff, start this week- sources

Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be laid off and the cuts will start from this week, two people with knowledge of the matter said, as part of the bank’s …
Posted on August 6, 2023

HK$17 billion Hong Kong business boost and 4,000 new jobs trumpeted by finance secretary Paul Chan

Paul Chan Mo-po wrote on Sunday in his weekly blog that …
Posted on August 5, 2023

Hong Kong can help bridge the world’s climate funding gap

Readers discuss Hong Kong’s role in transforming global finance, whale watchers and the government’s response to the whale sighting Feel strongly about these letters, or any other aspects of the news?

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