Business
Prudential’s quarterly new business profit rises on strong Hong Kong, China growth
ENTIAL on Wednesday (Apr 30) reported a 12 per cent rise in new business profit for the first quarter, as the Asia-focused insurer…
Tag
Kong
Business
AIA Group’s value of new business jumps on strong Hong Kong sales
Kong-based insurer AIA Group reported a 13 per cent rise in its first-quarter value of new business (VONB) on Wednesday, bolstered by its…
Business
iFast plunges 12% after cutting its Hong Kong profit guidance
This is after the company lowered its 2025 Hong Kong profit before tax target to HK$380 million from HK$500 million iFast shares plunged…
Business
Xiaomi-backed robot vacuum brand Roborock is said to consider Hong Kong listing
Hang Seng Index has fared better than most, rising almost 10 per cent this year, despite an early April slide Robot vacuum maker Beijing…
Business
China’s Didi recruits ride-hailing drivers in Hong Kong push
China’s Didi Global is quietly recruiting new drivers in Hong Kong as it looks to grow outside of mainland China. The move sets the…
Business
Hong Kong bourse operator to shift headquarters in US$812 million deal
Hong Kong’s bourse operator will shift its headquarters, it said on Thursday (Apr 24) and will take over the top nine floors of a building…
Business
Permira shuts Hong Kong, Shanghai offices in pivot to India
Permira Holdings is overhauling its Asia strategy, closing offices in Hong Kong and Shanghai and shuffling senior leadership to India,…
Business
Offshore renminbi funding costs in Hong Kong sink to record low
The cost to borrow the offshore renminbi in Hong Kong dropped to the lowest since data became available in 2013, putting pressure on the…
News
'Godzilla x Kong' Sequel Recruits 'Jurassic Park' Star
By Michileen Martin is a contributing entertainment writer located in New York. His focus is on Comics and Comic Book Movies. He has…
Business
Hong Kong stocks drop on trade war anxiety, China inches higher
Hong Kong shares fell on Wednesday (Apr 16), dragged by technology stocks, after the US restricted Nvidia chip sales to China, raising…
Business
China Southern is said to mull Hong Kong IPO of cargo unit
The deal may be coming at a tricky time for the company, which relies on Chinese exports that are under threat because of the country’s…
Politics
Hong Kong postal service halts US parcels on tariff ‘bullying’
The move comes as Trump’s tariff offensive on China increasingly affects the former British colony, which typically enjoys favourable…
Politics
Hong Kong Suspends Packages to the U.S., Wading Into the Trump Trade War
Wading into the trade war, Hong Kong said on Wednesday that its postal service will no longer send packages to the United States. It is…
Business
China’s Duality Biotherapeutics shares rise 130% in Hong Kong debut
Duality Biotherapeutics stock more than doubled on its Hong Kong debut on Tuesday (Apr 15), after the Chinese firm raised US$213 million…
Business
CATL gets Hong Kong approval for this year’s biggest listing
The approval clears the way for the Chinese company and its bankers to start arranging meetings soon with investors to gauge demand for…
Business
Tariff worries continue to pummel Asian markets on Monday; Hong Kong sheds 13.2%
The sell-off following US President Donald Trump’s sweeping tariff announcement last Wednesday continued to roil Asian markets on Monday…
Business
Hong Kong stocks end 13.22% down, worst since 1997 Asian financial crisis
Shares in Hong Kong plummeted more than 13 per cent Monday (Apr 7) on their worst day in almost three decades as China’s retaliation…
Business
Hong Kong considers new OTC stock market for delisted companies
Hong Kong is drafting rules for an over-the-counter (OTC) market for delisted shares to give investors at risk of owning a growing pile of…
Business
Hong Kong derivatives trading surges to record on turbulent markets and hedge fund interest
Big swings in stock markets and hedge fund activity have propelled Hong Kong’s derivative trading to unprecedented highs. The number of…
Business
China, Hong Kong stocks shrug off new US tariff threat; tech, auto lead gains
The chip sector rallies 1.3%, while automobiles sub-index also reverses losses to climb up 0.9%, leading onshore markets higher China and…
Business
Hong Kong lures investment firms Ardian, Arga seeking expansion
Two investment firms are setting up offices in Hong Kong to attract money from the region, the latest sign of renewed financial activity…
Business
CATL gets China’s sign-off to proceed with Hong Kong share sale
Stock sales in the Chinese territory have raised more than US$15 billion so far this year, compared with US$18.6 billion in all of 2024…
Business
Hong Kong investment arm backs Chinese RISC-V start-up StarFive in tech push
Shanghai-based semiconductor start-up StarFive aims to boost adoption of its chips with the financial backing of the Hong Kong government,…
Business
Hong Kong caps IPO margin loans amid heated retail demand
The move is a response to a recent IPO market frenzy that triggered first-day share price pops and concerns about retail investors getting…