In recent weeks, the Hong Kong market has mirrored global trends, with the Hang Seng Index experiencing a notable decline amid weak corporate earnings and economic data. Despite this backdrop, investors are increasingly looking towards small-cap stocks for potential opportunities as broader market sentiment remains cautious. Identifying promising stocks in such an environment requires a…
On Sunday, Sept. 15, the winner of Miss Hong Kong Pageant 2024 will be crowned to culminate a months-long journey that has included a televised visit to the Marianas. Miss HK—for short—is an annual beauty pageant organized by local Hong Kong television station TVB. Over five decades, the pageant has produced some of the biggest…
As Hong Kong’s commercial property slump drags on, Chinese state money has emerged as one of the few pillars of support. Chinese firms have become active buyers in the city’s flailing real estate market, snapping up shopping malls and offices as local and international investors pull back. While deal sizes are smaller than during Hong…
Hong Kong has declared it is increasing its scrutiny of cryptocurrency by paying for new licensing requirements for over-the-counter (OTC) crypto trading. The SFC is currently leading this regulation effort to control OTC crypto services in conjunction with the C&ED. This is meant to increase openness and counter unlawful conduct, such as the funding of…
Hong Kong’s reputation as a top-tier global financial hub has taken another hit. A recent US advisory is urging American companies operating there to consider the legal and regulatory risks they may face, including possible sanctions violations. Doing business in the city, the alert argues, is the same as operating on the mainland, because of…
Beijing may look beyond Hong Kong to formulate proportional countermeasures should the US pass legislation aimed at closing the city’s trade offices in the country, observers and experts have said. The Chinese foreign ministry on Wednesday warned of “resolute and strong countermeasures” after the Republican-led US House of Representatives voted to pass bills that would…
“FROM CHAOS to order, from stability to prosperity.” That is Xi Jinping’s goal for Hong Kong. Ever since pro-democracy protests swept the city in 2019, China’s ruler has tried to reimpose control. In many ways he has succeeded. Today Hong Kong is less tumultuous than it was back then. The covid-19 pandemic, which saw the…
Hong Kong Sports Commissioner Sam Wong Tak-sum has announced his resignation just a year after taking up the job. The Culture, Sports and Tourism Bureau said on Thursday night Wong had asked to resign for personal reasons, and it had agreed. Wong succeeded Yeung Tak-keung on August 22 last year and will now step down…
#OnlyWayForward HONG KONG, Sept. 12, 2024 /PRNewswire/ — Taking place from 12 – 13 September 2024 at the Hong Kong Convention and Exhibition Centre (HKCEC), the fifth edition of ReThink HK successfully envisioned the roadmap to a climate-smart future for Hong Kong. Spanning three halls at level 1 of HKCEC, ReThink HK comprised of 120…
Chinese appliance giant Midea Group Co. is poised to raise $4 billion in its Hong Kong listing in an enlarged deal that will be priced at the top of the marketed range, people familiar with the matter said, in a show of demand for the city’s biggest share sale in three years. The Foshan, China-based…