HONG KONG — In the four years since they began operating, Hong Kong’s eight virtual banks have yet to become consistently profitable as they struggle with a low volume of transactions. While one says it is recording “monthly net profits,” two others say the break-even point is in sight. Source link
HONG KONG — Hong Kong’s stock market carried the torch of China’s rally on Wednesday, marking the biggest single-day jump since March 2022 while mainland exchanges were closed for an extended holiday. The Hang Seng Index gained more than 7% from the previous trading day in the afternoon, before closing up 6.2% at 22,443.73. The…
September 27, 2024 6:40 AM EDT | Source: Media OutReach Hong Kong, SAR–(Newsfile Corp. – September 27, 2024) – A delegation led by Hong Kong’s Financial Secretary Paul Chan is on a four-day visit to London (September 25-28, 2024), the second leg of an overseas trip to strengthen ties with European businesses and cultivate…
HONG KONG — China’s stock market had its best week in more than a decade as authorities served up a string of stimulus measures. The rush of optimism, however, is being tempered by nagging questions over how much the policy drive with energize companies and a sluggish real economy. The CSI 300, which tracks Shanghai…
Open this photo in gallery: Patrick Lam, left, and Chung Pui-kuen leave court during the hearing on charges of conspiring to publish seditious publications, in Hong Kong, in this June 27, 2023, file photo.Tyrone Siu/Reuters When Chung Pui-kuen founded the media outlet Stand News, he meant the name literally. It was 2014, and media in…
September 22, 2024 10:15 PM EDT | Source: Hmedium Hong Kong, China–(Newsfile Corp. – September 22, 2024) – – NETA Auto hosted the first batch delivery ceremony of NETA X in Hong Kong and announced its sponsorship of F1 in Schools Hong Kong to fuel innovation and support young talent in pursuing dreams on…
Welcome to Your Week in Asia. Asian leaders head to the United Nations General Assembly meeting in New York, the EU holds a mid-week vote over tariffs on Chinese electric vehicles while Japan’s ruling Liberal Democratic Party (LDP) wraps up its leadership election on Friday. The corruption trial of Singapore’s former transport minister gets underway, Indonesia kicks…
Welcome to Your Week in Asia. Sri Lanka holds its first presidential election since an economic crisis pounded the island nation two years ago, while India’s Kashmir region votes in its first local elections in a decade. Chinese appliance maker Midea Group is set to list its shares on Hong Kong’s stock exchange, Indonesia’s central…