News

Hong Kong expands list of high-risk COVID hot spots

Argentina, Italy, Japan, and four other countries are now considered high-risk.

Hong Kong expands list of high-risk COVID hot spots

Argentina, Italy, Japan, and four other countries are now considered high-risk.

HKMC records $362m loss in 2020

This was a drop from the $317m profit in 2019.

Hong Kong exports rose 32% in the first quarter

Import volumes also increased 24.4% during the first three months of the year.

Furniture company Man Wah profit up 17.5% to $1.9b in 2021

The group saw a strong boost in sales from its China markets.

Citi eyes 1,000 new Hong Kong hires, amidst growth in wealth clientele

The will include  550 new relationship managers and private managers over the next five years.

Hong Kong GDP revised slightly up to 7.9%

The government maintained has its 3.5-5.5% forecast for the full year of 2021.

Hong Kong tightens health protocols for travellers from Taiwan

This comes amidst escalating cases of COVID-19 in Taiwan.

Hong Wei (Asia) loss dips 2.3% to $6.2m in Q1

The improved (but still negative) result was driven by its particleboards segment.

China Youzan records RMB168.17m loss in Q1

This increased from the RMB132.28m loss recorded in the first quarter of 2020.

South China Assets records $3.28m loss in Q1

This is an improvement from the $7.1m loss in the same quarter last year.

Global Strategic Group sees smaller loss at $17.46m over last half-year

The Group previously recorded a $61.06m loss in the six months to March 2020.

April sees optimistic SMEs, as sentiment rises to two-year high

The diffusion index on business receipts increased to 47.1, representing cautious optimism among small businesses.

Sun Art Retail profit drops 16.6% in 2021

The retail group linked this to the impact of the pandemic.

SFC starts granting subsidy for setting up REITs, OFCs

The scheme will operate for three years until 9 May, 2024.

China-based property management firm New Hope launches $940m IPO

The IPO is set to debut on the Hong Kong Exchange on 25 May.

Shorter quarantine period for inbound travellers starts from 12 May

The quarantine period adjustment is based on the vaccine bubble concept.

No fees for loan scheme application: HKMCI

This follows reports that handling fees were being charged for false instruments.