Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hong Kong’s bull market is leaving China behind, in a sign that a lacklustre economic recovery and trade tensions with the US have weighed on investor sentiment in the mainland. Equities in mainland China are…
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…
Beijing’s new liaison office chief has said Hong Kong is in a “critical stage of opening a new chapter” and should further embrace reforms to broaden its economy in a speech delivered on the eve of the city’s 28th handover anniversary. Zhou Ji also said on Monday evening Hong Kong should “achieve breakthroughs and tackle…
Hong Kong police have arrested the manager of a major fast-food outlet after a window pane fell from the first floor and landed on a Kwun Tong street, injuring two pedestrians. The pane, measuring two metres by 1.5 metres (6.6 feet by 4.9 feet), detached from the first-floor Cafe de Coral outlet in the Champion…
A former chairman of Hong Kong’s Hospital Authority, a media mogul and a business leader have been awarded the city’s highest honour this year, while Olympic gold medal fencer Vivian Kong Man-wai was also recognised for her sporting achievements. Two Hongkongers who helped save residents from a deadly fire were also among the 427 individuals…
Capital seldom announces its intentions. But when a market attracts over US\$90 billion in fresh inflows within six months, the signal becomes difficult to ignore. That is precisely what has unfolded in Hong Kong this year, as mainland Chinese investors have funnelled extraordinary volumes into the city’s equity market. What began as a modest valuation…
A view of Victoria Harbor, Hong Kong Photo: VCG With the solid support of the motherland and the continuous financial opening-up in the Chinese mainland, the attractiveness of Hong Kong as an international financial hub has continued to rise since the return of Hong Kong to the motherland and the establishment of the Hong Kong…
Shein plans to submit a draft prospectus confidentially for a Hong Kong IPO, according to sources, marking a rare waiver of the city’s disclosure rules. If approved, it would be the fast fashion firm’s third attempt to go public after stalled bids in the US and UK due to regulatory setbacks. Source link
Hong Kong developer New World Development (NWD) has successfully refinanced HK$88.2 billion (US$11.3 billion) of debt just before the deadline, concluding months of negotiations that pulled the company back from the brink of default. The refinancing package includes multiple tranches of bank loans with varying maturities, with June 30, 2028, being the earliest, the developer…
Hong Kong’s approved mortgage loans surged to a one-year high in May as more homebuyers sought to refinance their existing loans amid lower bank rates, according to data from the Hong Kong Monetary Authority (HKMA). Banks approved HK$26.6 billion (US$3.39 billion) worth of loans in May, a 5.3 per cent rise from a month earlier,…