News
Gov’t to boost economic ties with Hainan under new pact
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.
Gov't to raise public accident, emergency fees to $400 in 2026
A new “co-payment model” will also be introduced.
China Resources Land posts $27.37b profit in 2024
Revenue also grew 11% YoY.
IRC cuts losses to $159.4m in 2024
Revenue for the year fell 12.6%.
Hong Kong faces risk of oversupply in HSK logistics pipeline: CBRE
CBRE flagged the risk of excess logistics and industrial space, particularly the planned 45 million sq ft allocation in HSK/HT.
Sunac China restructures offshore debt amidst market headwinds
It has appointed Houlihan Lokey Limited and Sidley Austin as financial and legal advisors.
CAD bans use of power banks during flights
Stowage of power banks in overhead compartments are also prohibited.
HKEX lists Asia's first single stock L&I products
Hong Kong's ETP market grew to a record market capitalisation of $463b in 2024.
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