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Market Update: HSI ends week up by 0.61%
Market Update: HSI ends week up by 0.61%
The Hang Seng Index (HSI) closed the week up by 176.57 points or 0.61% at 28,969.71. This was due to a strong growth in gross domestic product, which signals continued recovery for China’s economy.
Hong Kong's "very high net worth" population falls by 5.4%
The city is still amongst the top 10 territories with the wealthiest populations.
Online consumers are on the rise, but spending has dropped
The majority of consumers use online shopping to buy daily necessities, clothes and footwear.
Hong Kong tightens airport arrival measures
This comes as the City records more than 100 imported COVID-19 cases over the past fortnight.
China Merchants Bank net operating income increases to $345b in 2020
It represented a 7.6% YoY rise, compared to 2019.
Optimas Capital Limited fined $1.05m over errors in short position reports
The errors occurred because of a programming mistake, the company says.
Local trading rebounds 32.5% in Q1, 2021
This is amidst GDP growth in economies and control of local virus situations.
Market Update: HSI slips 0.37%
The Hang Seng Index (HSI) closed on Thursday down by 107.69 points or 0.37%, to finish at 28,793.14.
Hong Wei (Asia) suffered $70.2m loss in 2020
This was attributed to the impact of the pandemic.
China Gas and China Unicom to launch online gas meter
The new partnership will create a number of new business growth opportunities.
What to expect in this year's StartmeupHK Salons
InvestHK will virtually hold the annual festival in six locations.
Moody's mulls dropping rating of Huarong Financial Leasing
This comes at the back of Moody’s recent ratings review of its parent company.
Market Update: HSI up by 1.42%
The Hang Seng Index (HSI) closed on Wednesday up by 403.58 points or 1.42% at 28,900.83.
Travel site Trip.com to raise $8.47b in global offering
It priced its offer shares at $268.
Hong Kong lists Egypt as high risk Covid hotspot
Increased restrictions will take effect from 20 April.
Retirees monthly expenses average $11,500 amidst pandemic: survey
Nearly 80% of retired Hongkongers also rely on financial support from family.
Huarong AMC at risk of a Moody's rating downgrade
The company’s ratings are currently under review, but negative sentiments persist.
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