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…
Two of Hong Kong’s largest fast-food chains, Cafe de Coral and Fairwood, both suffered a near 30 per cent drop in profits last year, with experts attributing their struggles during the economic downturn to ageing diners and intense competition from delivery platforms. The two companies were considered resilient players during previous downturns caused by global…
Hong Kong’s stock market stamp duty income is filling the city’s financial coffers at the fastest pace since 2021, amid a bull run on the local bourse that has attracted scores of initial public offerings (IPOs) and fuelled frenzied trading. Duties from transactions and transfers rose to HK$29.69 billion (US$3.78 billion) in the first five…
The skyline of Yokohama with the Landmark Tower, Queen’s Square and the ferries wheel with the Aka-Rengo Soko warehouse on a beautiful day. Juergen Sack | E+ | Getty Images Asia-Pacific markets traded mixed Friday after Wall Street gained on a better-than-expected jobs report eased investors’ concerns of a slowdown in the U.S. economy. Japan’s Nikkei 225 benchmark…
Hong Kong stocks rose from a one-week low as mainland funds ploughed more money into the city’s assets on optimism that Beijing will push for high-quality growth and rein in excessive price competition in some industries. The Hang Seng Index gained 0.5 per cent to 24,182.88 at 9.50am local time on Wednesday, while the Hang…
Shanghai Bund skyline panorama Yangna | E+ | Getty Images Asia-Pacific markets traded mixed Tuesday as investors assessed the record gains on Wall Street and the global impact of U.S. President Donald Trump’s tariff policies as his 90-day tariff reprieve is set to expire next week. U.S. Treasury Secretary Scott Bessent said on Monday that there are…
Investors on the mainland showed a strong appetite for Hong Kong stocks in the first half of 2025 via the southbound channel of the Stock Connect programme, putting purchases on track to reach a record that was set last year. Mainland buying of Hong Kong stocks reached HK$731.2 billion (US$93 billion) in the first half…
Hong Kong stocks fell after a government report showed manufacturing in China struggled to expand this month as US tariffs hampered exports, while traders braced for more volatility before a deadline on US trade deals. The Hang Seng Index dropped 0.4 per cent to 24,182.95 at the local noon trading break on Monday, trimming this…
Aerial view of Seoul downtown city skyline with vehicle on expressway and bridge cross over Han river in Seoul city, South Korea. Mongkol Chuewong | Moment | Getty Images Asia-Pacific markets mostly rose Monday as investors parsed details on trade negotiations and a slew of data points, including South Korea and Japan’s industrial output figures…
Aerial view of Osaka Skyline Nikada | E+ | Getty Images Asia-Pacific markets mostly rose Friday, tracking Wall Street’s gains after White House spokesperson Karoline Leavitt downplayed the impending start of the tariff deals, which have weighed on investor sentiment. July 8 is when the so-called liberation day tariffs are set to take effect after…