Hong Kong flag carrier Cathay Pacific Airways may find itself in a weaker position in the race for global talent, an analyst has said, after two of the airline’s major rivals dished out heftier bonuses for at least two straight years. Singapore Airlines (SIA) offered employees a profit-sharing bonus equivalent to 7.45 months’ pay after…
China firmly opposes the “weaponisation” of economic and trade issues, and is open to “candid dialogue” with the United States as equals, according to Vice-Premier He Lifeng, who met pro-Trump US Senator Steve Daines in Beijing on Saturday. He also informed Daines that Chinese Premier Li Qiang would meet him on Sunday, according to a…
Hong Kong has awarded Singapore’s Mapletree Investments a 50-year land grant to a parcel of land in the New Territories for about HK$3.68 billion (US$473 million), according to the Lands Department on Tuesday. Mapletree’s unit Titanium 2 was the sole bidder for the 44,318-square-metre (477,000 sq ft) logistics site in Tsing Yi following a tender…
More Chinese and global issuers and investors are expected to be drawn to offshore yuan bonds in Hong Kong and elsewhere, thanks to the currency’s cost efficiency, according to investment bank China International Capital Corporation (CICC). On Wednesday, China’s Ministry of Finance sold 12.5 billion yuan (US$1.7 billion) worth of bonds in Hong Kong, with…