Hong Kong stocks wavered on Thursday, tracking Wall Street’s muted finish, after the Federal Reserve signalled a conservative approach on the pace of future easing. The Hang Seng Index slipped 0.2 per cent to 26,860.61 as of noon trading break, after jumping as much as 0.6 per cent to top 27,000 points. The Hang Seng…
Hong Kong can help Asia fill a staggering climate-financing gap by helping to tap a global pool of more than US$200 trillion to fund sustainable-infrastructure projects, according to the Asian Infrastructure Investment Bank (AIIB). There was a glaring disconnect between the vast amount of available capital and the low deployment of funds for climate action…
China has rejected claims that it is a growing espionage threat to New Zealand, calling the suggestions in Wellington’s latest intelligence report “groundless” and “riddled with ideological bias”. In the annual report released on Thursday, New Zealand said it was facing its toughest national security challenges, with increasing threats of foreign interference and espionage. It…
The US appears to be strengthening its allied deterrence against China by deploying its Dark Eagle hypersonic missile, a move that could “further intensify” regional rivalry, Chinese experts have warned. The United States Army Pacific, a service component for America’s Indo-Pacific Command, confirmed on the weekend that it had deployed a Long-Range Hypersonic Weapon (LRHW)…
CLP Holdings, one of Hong Kong’s two power utility companies, said it saw growth opportunities in a proposed industrial park in Tuen Mun, as it reported a decline in first-half net profit on Monday. In July, the city’s government proposed reserving 301 hectares of land in Tuen Mun for industrial development, including 145 hectares of…
Hongkongers are increasingly pampering their pet cats, according to a survey that estimates the local market is worth HK$2.4 billion (US$305.7 million) a year thanks to owners who spend an average of about HK$2,000 a month on their feline companions. The Exhibition Group, organiser of the Hong Kong Cat Expo 2025, said on Wednesday the…
KGI Financial Holding opened its first overseas bank branch in Hong Kong to grow its cross-border business just as the city is making a big push to become a hub for wealth management and global family offices. The Taipei-based financial institution opened its KGI Bank outlet at Three Pacific Place in Admiralty, it said in…
Hong Kong’s push to attract overseas investment is showing positive results, the finance minister has said, citing the rise of the city’s stock exchange to the top of the global table for initial public offerings (IPOs) in the first half of the year and the market’s strong performance. Financial Secretary Paul Chan Mo-po said on…
Hong Kong’s push to attract overseas investment is showing positive results, the finance minister has said, citing the rise of the city’s stock exchange to the top of the global table for initial public offerings (IPOs) in the first half of the year and the market’s strong performance. Financial Secretary Paul Chan Mo-po said on…
Hong Kong authorities are seeking proposals from interested parties to run a two-year pilot programme for sports dispute resolution, a move experts have said is a key step in establishing a neutral third-party intervention mechanism for the growing sector. Observers said on Monday that such a programme would enhance the city’s reputation as a leading…