News

Daily Briefing: Global property markets to soar; UN envoy warns of potential Myanmar civil war

And more companies to move supply chains to China as COVID cases spike in other Asian economies.

SFC calls for vigilance on online investment scams

In a simulation of the stock scam, the SFC lured 24,000 potential investors.

Hong Kong adopts risk list in Return2HK scheme

Residents from medium or high-risk areas will undergo quarantine.

Hong Kong office vacancy inches up to 9.5% in April

The Grade-A office market saw a net withdrawal of 99,400 sq. ft.

Hong Kong still struggles in some areas of corporate governance: report

The country lags on whistleblowing and anti-graft enforcement stops at its borders.

Reinsurance company Peak Re ends 2020 with soaring $676.12m net profit

This marks the eight consecutive years of stable growth for the company.

JD logistics to raise up to $26.4b in global offering

It is eyeing an offer price worth $39.36-$43.36 each.

Hong Kong Disneyland suffers $2.66b loss amidst COVID

Its revenue also dropped by 76% to $1.4b in 2020.

Hong Kong expands list of high-risk COVID hot spots

Argentina, Italy, Japan, and four other countries are now considered high-risk.

HKMC records $362m loss in 2020

This was a drop from the $317m profit in 2019.

Hong Kong exports rose 32% in the first quarter

Import volumes also increased 24.4% during the first three months of the year.

Furniture company Man Wah profit up 17.5% to $1.9b in 2021

The group saw a strong boost in sales from its China markets.

Citi eyes 1,000 new Hong Kong hires, amidst growth in wealth clientele

The will include  550 new relationship managers and private managers over the next five years.

Hong Kong GDP revised slightly up to 7.9%

The government maintained has its 3.5-5.5% forecast for the full year of 2021.

Hong Kong tightens health protocols for travellers from Taiwan

This comes amidst escalating cases of COVID-19 in Taiwan.

Hong Wei (Asia) loss dips 2.3% to $6.2m in Q1

The improved (but still negative) result was driven by its particleboards segment.