News

Hong Kong-based Bank of East Asia maintains its standing as the indigenous Chinese bank with the largest branch network in Guangdong.

No pain, no gain for Hong Kong’s banking industry.

But does it have a kick like its namesake?

Hong Kong's official foreign currency reserves amounted to US$294.7 billion at the end of February, up US$1.9 billion on January, the Monetary Authority said.

After a lapse of seven years, Hong Kong billionaire Li Ka-shing is again Asia’s richest person.

Hong Kong will soon remove some restrictions on food imports from Japan imposed because of the nuclear crisis caused by the nuclear accident at Fukushima Prefecture.

The Lands Department has issued a pre-sale consent involving 235 units in residential development in Sheung Shui in the New Territories to be completed by next year. The residential developments total 7,690 units. Three developments with a total of 143 units will be completed this year. Sixteen residential and one commercial application for pre-sale consent were being processed at the end of February. Ten developments involving a total of 7,171 units will be completed next year, and two involving a total of 327 units will be completed in 2014.

China Everbright Bank Co., Ltd has lowered expectations for its forthcoming IPO in Hong Kong.

Talk about the bad coming with the good.

The Lunar New Year did spike retail sales but not enough, according to some analysts.

Rumors have begun swirling that Prudential is considering moving its headquarters to better withstand tougher capital rules putting increased pressure on its balance sheets.

The Bailiwick of Jersey in the English Channel and Hong Kong have signed a Double Taxation Agreement to avoid double taxation and prevent fiscal evasion in both states.

As expected, the balance of trade in January fell— but much sharper than expected.

We talk of Hong Kong’s sky high rents and property prices as if they were investment killers. Surprisingly, a recent global survey shows that’s really not the case.

Sonia Rykiel, one of the last family-owned French luxury brands founded by one of the world’s 10 most elegant women, has severed its continental roots and is moving its ownership to Hong Kong.

The highly-anticipated microfinance pilot scheme will begin loaning start-up capital to qualified business owners in the middle of this year.