News

Shares were priced at $36.30 each—the highest point in the offer range.

The bank’s exposure to property development and investment in Hong Kong accounted for 13% of gross loans at the end of 2024. 

China's economy is also expected to slow, with GDP forecast to decline by 0.5% by the end of 2025.

Cycle-low HIBOR and CCL Index boost favourable market environment.Morgan Stanley is optimistic the Hong Kong property market will see the onset of an upcycle, which could last four to five years, after seven years of decline. 

Hong Kong dollar savings deposit rates were also unchanged.

The measure will penalise parties leasing unrecognised units.

The University of Hong Kong placed 11th. 

Banks in Hong Kong and the mainland still face subdued loan demand.

Its impaired loan ratio is expected to remain high in 2025.

The slower growth suggests untapped potential in a market already recognised for its liquidity, regulatory framework.

The firm reaffirmed its fair value estimate at $130 and maintained a 3-star rating, suggesting the stock is fairly valued at current levels.

The city dropped to 140th place in the 2025 World Press Freedom Index.

An appeal hearing is set for late August.

Four of the five major business districts saw declines in vacancy rates.

Jane Street leased over 223,000 square feet of New Central Harbourfront Site 3 Phase 1.Henderson Land Development Company Limited (Henderson Land) struck the largest single office leasing deal in the central business district in decades, leasing more than 223,000 sq. ft. to Jane Street.

Gen Z accounted for 26.9% of total originations.