Daily Flash
Contemporary Amperex Technology, the world’s largest maker of batteries for electric vehicles, has begun sounding out investor interest for its planned Hong Kong share sale, according to terms of the deal seen by Bloomberg. Bloomberg previously reported that CATL aims to raise at least US$5 billion (HK$39 billion) as early as May, which could become…
JPMorgan Chase & Co. and Bank of America Corp. have forged ahead working on the blockbuster listing of Contemporary Amperex Technology Co. Ltd. despite a US congressional committee calling for the American lenders to drop out of the deal. Source link
What’s going on here? China and Hong Kong stocks climbed nearly 1% on hopes of a China-US trade agreement, despite a slowdown in China’s service sector. What does this mean? Markets got a boost primarily from tech stocks, as robust Asian currencies indicated a move away from dollar assets. Hong Kong’s Hang Seng Index hit…
The number of licensed restaurants in Hong Kong has dropped year on year for the first time in six years, a Post analysis has found, with experts attributing the decline partly to locals travelling to mainland China and tourists preferring lighter food options such as street snacks. According to data from the Food and Environmental…
6th May 2025 – (Hong Kong) The Trump administration’s second-term trade offensive has escalated from rhetorical salvos to structural warfare, with the Office of the United States Trade Representative (USTR) implementing draconian measures against China’s maritime sector under Section 301 provisions. Hong Kong finds itself navigating treacherous waters where geopolitical tectonics threaten its century-old status…
Hong Kong’s freight forwarding industry is suffering collateral damage from an intensifying tariff war between China and the United States, shaking the city’s crucial role in re-exporting goods, business leaders have warned. Many manufacturers with more than 15 per cent of business exposure to China-US trade had been forced to slash jobs or save costs,…
Hong Kong’s freight forwarding industry is suffering collateral damage from an intensifying tariff war between China and the United States, shaking the city’s crucial role in re-exporting goods, business leaders have warned. Many manufacturers with more than 15 per cent of business exposure to China-US trade had been forced to slash jobs or save costs,…
Hong Kong central bank intervention HKMA sells HK$ 60.543 bln into market as Hong Kong dollar hits strong end of trading range *** Since 1983, the HKD has been pegged to the U.S. dollar under a Linked Exchange Rate System (LERS), ensuring exchange rate stability and promoting investor confidence. The peg ties the HKD at…
Hong Kong Airlines is set to elevate passenger’s travel experience with a comprehensive suite of service upgrades spanning baggage policy, inflight dining, online check-in, airport lounge facilities and some unique products. The enhancements reaffirm the airline’s commitment to blending international standards with authentic Hong Kong character, offering passengers greater value across every touchpoint of their…
Boosting internet connectivity at border checkpoints and raising environmental awareness in rural areas are among the improvement measures suggested by observers based on lessons learned from this year’s “Labour Day” golden week holiday for Hong Kong authorities. The recommendation comes after tourists struggled to generate QR code tickets for their trains due to an overloaded…