Hong Kong
Hong Wei (Asia) loss dips 2.3% to $6.2m in Q1
Hong Wei (Asia) loss dips 2.3% to $6.2m in Q1
The improved (but still negative) result was driven by its particleboards segment.
China Youzan records RMB168.17m loss in Q1
This increased from the RMB132.28m loss recorded in the first quarter of 2020.
South China Assets records $3.28m loss in Q1
This is an improvement from the $7.1m loss in the same quarter last year.
Global Strategic Group sees smaller loss at $17.46m over last half-year
The Group previously recorded a $61.06m loss in the six months to March 2020.
April sees optimistic SMEs, as sentiment rises to two-year high
The diffusion index on business receipts increased to 47.1, representing cautious optimism among small businesses.
Sun Art Retail profit drops 16.6% in 2021
The retail group linked this to the impact of the pandemic.
SFC starts granting subsidy for setting up REITs, OFCs
The scheme will operate for three years until 9 May, 2024.
Commercial property sales rise to US$1.4b as investment deals pick up
This is a 28% increase compared to the same quarter last year.
China-based property management firm New Hope launches $940m IPO
The IPO is set to debut on the Hong Kong Exchange on 25 May.
Hong Kong ranks third most preferred seat for cross-border disputes
This is a place higher compared to the previous global survey in 2018.
Shorter quarantine period for inbound travellers starts from 12 May
The quarantine period adjustment is based on the vaccine bubble concept.
No fees for loan scheme application: HKMCI
This follows reports that handling fees were being charged for false instruments.
Cathay Pacific sends medical supplies to India amidst COVID-19 surge
Some 100 tonnes of supplies were flown direct to India.
Hongkong Land “uncertain” over COVID-19's full-year impact
The property firm has yet to determine how the prolonged pandemic will affect its performance.
Revere VC raises $1.35m in latest seed round
This is intended to provide a more holistic way to invest in venture capital.
Pandemic continues to dampen restaurant activity, as receipts drop 8.8%
Total receipts for the first quarter have been estimated at $19.7b.
Hong Kong's private sector ends 3-year decline in output
The Purchasing Manager’s Index posted 50.3 in April, IHS Markit reported.
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