Daily Flash
Coastal and low-lying areas across Hong Kong have been hit hard by Severe Typhoon Ragasa, as it brought a significant storm surge and rainstorms to the city, inundating streets and promenades. Widespread flooding could be seen across the city on Wednesday morning, with the Hong Kong Observatory reporting that water levels in some areas had…
Hong Kong’s bankers and traders hunkered down at home or booked hotels near their offices as Super Typhoon Ragasa descended on the Asian financial hub. The big international banks, including Goldman Sachs, Morgan Stanley and HSBC Holdings, told most employees to work from home before the typhoon unleashed a deluge of rain and sustained winds…
Zijin Gold International has delayed the closing of its US$3.2 billion initial public offering (IPO) – the second-largest in Hong Kong this year – to Thursday noon, a day later than previously scheduled, because of the impact of Super Typhoon Ragasa. “As there is a tropical cyclone warning signal No 8 or above in force,…
Hong Kong and its neighbouring areas are on high alert as Super Typhoon Ragasa makes its way to the city, poised to bring strong winds, heavy rain and severe storm surges. The cyclone is forecast to be closest to the city on Wednesday morning, with the Hong Kong Observatory warning that winds may reach hurricane…
[The content of this article has been produced by our advertising partner.] Financial markets are constantly changing, and as fintech platforms occasionally stumble due to glitches or user confusion, monetary disputes between financial institutions and customers are becoming more frequent. And when such disputes arise, failing to handle them promptly, fairly and to the satisfaction…
Hong Kong stocks rose on Wednesday, ending a two-day decline as China’s shaky economic outlook fuelled stimulus bets. The Hang Seng Index rose 0.3 per cent to 26,240.34 as of 10am. The Hang Seng Tech Index rose 0.4 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both added about…
The military parade in Beijing to mark the 80th anniversary of the victory in the Chinese people’s war of resistance against Japanese aggression drew global attention. In Hong Kong and Macau, where the ceremony was broadcast live, the emotions and reflections inspired were unique – admiration and pride mingling with questions and contemplation. Some ask,…
Hong Kong’s office segment is picking up due to leasing demand from mainland Chinese law firms and financial groups, supported by a buoyant stock market that has seen an increasing number of companies launch initial public offerings (IPOs) in the city. Office-leasing activity in August grew for a fifth straight month, with tenants absorbing 313,800…
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing now for 50 per cent off during our two-day flash sale. Hong Kong has woken up to a downpour triggered by the highest-level No 10 warning, which shut down the city, as Super Typhoon…
[The content of this article has been produced by our advertising partner.] To provide more children and young people with opportunities to engage with basketball, The Hong Kong Jockey Club has committed HK$70.75 million through its Charities Trust to support a three-year Jockey Club Believe & Bounce Basketball Programme. This initiative, to be jointly implemented…