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Hong Kong's rich brace for ‘worst-case scenario'
The wealthy are opening offshore bank accounts and eyeing overseas property.
Hong Kong's rich brace for ‘worst-case scenario'
The wealthy are opening offshore bank accounts and eyeing overseas property.
Cathay Pacific Group reveals results of drastic capacity cuts
Cathay Pacific and Cathay Dragon carried 99.4% fewer passengers in May of 2020.
Chow Tai Fook's profits down 36.6% to $374.29m
A surge in gold price and weaker Hong Kong sales dragged down revenues.
Link REIT secures $1b sustainability-linked loan from OCBC
It is its first sustainability-linked loan transaction in the Hong Kong dollar.
HSBC rebuked by US state secretary for backing China security law
The lender, along with Standard Chartered, has already been chided in Britain.
HKEX risks keeping dollars as Chinese firms rush in
Listing approvals, including JD.com, are being granted in a matter of weeks.
Cathay Pacific floats $39b bailout plan
Most will come from its preference shares and warrants issue.
Hong Kong is still the world's priciest market for expats
Currency movements measured against the US dollar drove up the cost of living.
Cathay Pacific and major shareholders halt trading in Hong Kong
The airlines is poised to announce a new CEO at Cathay Dragon.
Mad dash for offshore accounts amidst security law
HSBC and Standard Chartered have seen high surges in enquiries.
Total cargo down 3.2% to 57.2m tonnes in Q1
But inward port cargo increased by 5.5% to 39 million tonnes.
HKMA, banking industry launch job programme
It offers 300 roles for students graduating in 2020 with a bachelor’s degree.
Property market proves resilient even as crises mount
Dozens of would-be buyers lined up to bid for 94 apartments in The Campton.
This biotech startup addresses a multibillion dollar problem in the fisheries sector
Spidfier offers a solution that could shorten the process of verifying fishes at a cheaper rate.
PMI improves to 43.9 in May but business outlook remains bleak
Firms are still worried about the long-term effects of the pandemic.
Tycoon Richard Li's telecom firm weighs $7.75b unit sale
The asset could attract interest from other telecom companies as well as private-equity funds.
Hong Kong falls to 36th place in global startup ecosystem rankings
But the city was noted for being a model of an open ang global ecosystem.