HSBC , has laid off around 40 investment bankers in Hong Kong, according to a person with direct knowledge of the matter, as part of a global restructuring exercise at the Asia-focused lender to cut …
Kerry’s Hava flats sell out as stock rally lifts the mood in Hong Kong’s property market
All 250 units of Hava project, on offer at an average price of HK$10,658 per square foot, were sold out as of 4.30pm.
From India’s Ambani Family to Hong Kong’s Kwok Family: Meet 5 richest families of Asia with Rs 20.5 lakh crore fortune
Five of Asia’s richest families, including Ambani and Mistry, control major businesses in real estate, retail, tech, and energy.
China Market Update: Alibaba Goes Ballistic, Finance Minister Talks Consumption, Week In Review
Asian equities ended a positive week on a high note, led by Hong Kong and Mainland China-listed growth stocks following Alibaba’s financial results, which were reported after the close in Hong Kong …
Hong Kong homes lost US$61.7 billion of value after removal of curbs: Centaline
Total value of residential properties in Hong Kong stood at HK$8.99 trillion (US$1.15 trillion) in January compared with HK$9.5 trillion before the easing The removal of property curbs a year ago has …
New World Expects First-Half Loss on Impairment Charges
New World Development Co., the Hong Kong property developer owned by the billionaire Cheng family, expects to post a net loss from continuing operations in the first half of the fiscal year due to …
China tech stocks cap best winning run in five years on earnings surprises, fund rotation
Chinese tech stocks listed in Hong Kong advanced on Friday for their best weekly winning streak since 2020, as earnings surprises and optimism about the artificial intelligence sector drew global …
Exclusive: UK lines up new ambassador to help rebuild China ties
Britain has lined up a Mandarin-speaking diplomat whose father was a governor of Hong Kong as the next ambassador to China, according to three sources, and he is expected to take up one of the most …
Will Hong Kong’s property slump force it to raise taxes?
Hong Kong’s economy expanded just 2.5 per cent in 2024, and UBS has forecast 2 per cent growth this year. US President Donald Trump’s additional 10 per cent tariff on Chinese exports — which is set to …
Hong Kong banks face rising risks amid prolonged property slump, Moody’s warns
Moody’s highlights the potential for higher loan-loss provisions and a tightening of credit lines, particularly for smaller developers Hong Kong banks were likely to be more selective in extending …