Hong Kong
Cathay Pacific increases flight frequencies in Mainland
Cathay Pacific increases flight frequencies in Mainland
The airline will focus on the Beijing-Tianjin-Hebei and Yangtze River Delta regions.
Shangri-La Asia Limited profit drops by 12% in FY2024
The decrease was due to a $74.6m (US$9.6m) drop in net gains from non-operating items.
Hong Kong CIOs lead region in ESG-driven infrastructure shift
Half of CIOs in the city say environmental and governance factors influence all of their digital infrastructure decisions.
Exporters maintain optimism amidst tariff pressures
Most Hong Kong traders expressed a positive profit outlook.
Lands Department oversees 5,800 short-term tenancies in February
Around 60% of STTs serve daily life needs, whilst 40% support commercial use.
Gov’t to boost economic ties with Hainan under new pact
Hong Kong will support Hainan’s expansion into the global market.
Landsea Green Management proposes disposal of LSEA shares
The sale of shares may be done through various sales methods, including open market transactions in NASDAQ.
Bank of China Hong Kong stays resilient with buffer against CRE risks
S&P anticipates moderately slower asset growth.
Hong Kong banks have enough buffers against commercial real estate strains
But small and midsize banks are likely to experience greater strain due to their higher exposure to commercial property.
Securities industry profits up 56% to $44.4b in 2024
Income from underwriting and placing of securities more than doubled.
Gov’t aims to attract more family offices with new measures
Currently, Hong Kong has more than 2,700 family offices.
SFC fines Enlighten Securities $5m over internal control failures
ESL provided financial accommodation to margin clients with long-standing margin shortfalls.
Exports up 15.4% to $327.9b in February on Asia growth
Total exports to Vietnam more than doubled during the month.
Gov’t sets trial dates for three firms charged with conspiracy to defraud
The trial dates were fixed after all 19 defendants pleaded not guilty.
Classified Group narrows loss in FY 2024
It is mainly due to no write-down of the inventories to net realisable values.
More non-toy retailers use blind boxes to boost sales
Travel, food and beverage, and fashion can also benefit from a little bit of excitement.
Gov't to raise public accident, emergency fees to $400 in 2026
A new “co-payment model” will also be introduced.
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