CLP Holdings, the leading power utility in Hong Kong with significant operations in Australia and India, announced a remarkable sevenfold increase in profits for 2023. [more…]
On Wednesday, the total value of all bitcoins in circulation exceeded $1 trillion for the first time since late 2021. This milestone was accompanied by [more…]
Hong Kong is gearing up to become a hub for virtual assets, as the city’s de facto central bank, the Hong Kong Monetary Authority (HKMA), [more…]
Stocks in Hong Kong and mainland China soared on Tuesday, with Hong Kong’s Hang Seng Index recording its biggest gain in six months and mainland [more…]
In a move aimed at providing stability amidst economic challenges, major banks in Hong Kong have announced that they will keep their prime lending rates [more…]
The Chinese stock market has had a challenging start to 2024, marked by a significant loss of $6.3 trillion since its peak three years ago. [more…]
Hong Kong’s unemployment rate has maintained its position at 2.9%, signaling a stable yet tight labour market in the city. This news comes from the [more…]
Chinese biopharmaceutical manufacturer HighTide Therapeutics is gearing up for an initial public offering (IPO) in Hong Kong, with ambitions to raise HK$278 million (US$35.6 million), [more…]
In a rollercoaster ride for investors, Hong Kong stocks took a nosedive on Thursday, with the Hang Seng index plummeting by 1.46%. The sudden downturn [more…]
Hong Kong stocks experienced a significant decline upon traders’ return from an extended weekend due to rising US Treasury yields, which negatively impacted market sentiment. [more…]
