After losses in 2018 and 2020, profits came to the insurance sector in 2021. Explanation: The sale of insurance policies, taking advantage of the bodere restrictions between Hong Kong and the mainland …
Hong Kong says it’s back open for business. Will the world buy it?
At a glitzy finance summit in Hong Kong this week, the city’s leader triumphantly told a room packed with top Wall Street executives that the Asian hub was back in business. “The worst is behind us,” …
‘The worst is behind us’: Hong Kong hosts top global bankers for finance summit
Hong Kong leader John Lee sought to drum up confidence in the city’s future as a global financial hub on Wednesday, as he welcomed some of Wall Street’s top executives to its biggest international …
Asia markets rise, except Japan, ahead of US jobs report
Shares were mostly higher in Asia on Friday led by a 5.8% jump in Hong Kong’s Hang Seng index as Chinese markets were lifted by speculation that Beijing might begin to ease pandemic restrictions.
China Evergrande chairman’s Hong Kong mansion seized by bank
A belonging to embattled China Evergrande Group’s chairman in Hong Kong’s prestigious The Peak residential enclave has been seized by lender China Construction Bank (Asia), records from the Land …
Big banks face scrutiny over business with Myanmar lender
ANZ, one of Australia’s “big four” banks, was used by Hong Kong-based insurer AIA Innwa Bank, which is owned by military conglomerate Myanmar Economic Corporation (MEC), in August and September 2021, …
Financiers’ pronouncements on China do not match their actions
Although it inched up slightly in recent days, on unfounded rumours that China’s “zero covid” policy may soon come to an end, the Hang Seng China Enterprises Index, a basket of Hong Kong-listed …
Live news updates: Markets fall after China vows to stick with zero-Covid
A luxury Hong Kong mansion belonging to Hui Ka Yan, chair of debt-laden China Evergrande Group, has been seized by state-owned China Construction Bank (Asia), the first known takeover of one of the …
Evergrande chairman’s Hong Kong mansion seized by bank – media report
A belonging to embattled China Evergrande Group’s chairman in Hong Kong’s prestigious The Peak residential enclave has been seized by lender China Construction Bank (Asia), local online news outlet …
Macau Legend risks delisting after CFO exit
Macau Legend has announced that it is “non-compliant” with the listing rules of the Hong Kong Stock Exchange (HKEX) …