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Hengdeli Holdings chairman uses 500m shares as collateral

The luxury watch retailer said its chairman did it to obtain a $100 million loan from Swatch Group for private investment.

A report on Reuters said Swatch Group now owns a 20.42 percent stake in the company.

View the report here.

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Interest rate cut in retail set to boost disposable income

Hong Kong retail sales down 10.1% in August

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Top News

2024 Policy Address: HK expands investment scheme to include residential property assets
2024 Policy Address: HK expands investment scheme to include residential property assets
2024 Policy Address: HK expands investment scheme to include residential property assets
The assets must be valued at over $50m.
Markets & Investing
2024 Policy Address: Hong Kong cuts tax on liquor priced above $200 to 10% to boost trade
2024 Policy Address: Hong Kong cuts tax on liquor priced above $200 to 10% to boost trade
2024 Policy Address: Hong Kong cuts tax on liquor priced above $200 to 10% to boost trade
The previous rate was 100%.
Economy
2024 Policy Address: Hong Kong to eradicate subdivided flats under 8 square meters
2024 Policy Address: Hong Kong to eradicate subdivided flats under 8 square meters
2024 Policy Address: Hong Kong to eradicate subdivided flats under 8 square meters
Owners must convert substandard SDUs to basic housing units.
Residential Property
Foreign trade outlook dims amidst economic and geopolitical concerns: report
Foreign trade outlook dims amidst economic and geopolitical concerns: report
Foreign trade outlook dims amidst economic and geopolitical concerns: report
Hang Seng Bank forecasts a 2.8% market expansion for 2024.
Shipping & Marine

Exclusives

Genting Singapore net profit down 5% to $578.9m in FY2024
Genting Singapore net profit down 5% to $578.9m in FY2024
Genting Singapore net profit down 5% to $578.9m in FY2024
Revenue rose 5% to over $2.5b.
Zhongxin Fruit and Juice records $4m net profit in HY2025
Zhongxin Fruit and Juice records $4m net profit in HY2025
Zhongxin Fruit and Juice records $4m net profit in HY2025
However, the gross profit margin decreased to 16.3% from 18.4%.
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Cross Domain [Manu + SBR + ABF + ABR + FMCG + HBR + ]
Cross Domain [Manu + SBR + ABF + ABR + FMCG + HBR + ]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. 
Hong Kong hospitals, banks embrace relaxed data transfer rules
Hong Kong hospitals, banks embrace relaxed data transfer rules
Hong Kong hospitals, banks embrace relaxed data transfer rules
Whilst not mandatory, they could simplify data exchange with cities in South China.

Event News

Compass Group revolutionises school meal enrolment with new mobile app
Co-Written / Partner Compass Group revolutionises school meal enrolment with new mobile app
The mobile app enhances parent interactions and streamlines operational processes.
HKB Technology Excellence Awards 2024 Winner: HSBC
HKB Technology Excellence Awards 2024 Winner: HSBC
HSBC wins Hong Kong Business Technology Excellence Award for pioneering AI and data innovation
Co-Written / Partner HSBC wins Hong Kong Business Technology Excellence Award for pioneering AI and data innovation
MTR clinched the wins at HKB Technology Excellence Awards 2024 for enabling sustainable transport ecosystem
Co-Written / Partner MTR clinched the wins at HKB Technology Excellence Awards 2024 for enabling sustainable transport ecosystem

Videos

Hong Kong patients seek faster, cheaper care in Mainland China

Hong Kong patients seek faster, cheaper care in Mainland China

Hong Kong consumers delay big purchases amidst low confidence

Hong Kong consumers delay big purchases amidst low confidence

HKB Technology Excellence Awards 2024 Winner: HSBC

HKB Technology Excellence Awards 2024 Winner: HSBC

HKB Technology Excellence Awards and National Business Awards 2024 Event Highlight Video

HKB Technology Excellence Awards and National Business Awards 2024 Event Highlight Video

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Event News

Compass Group revolutionises school meal enrolment with new mobile app
Co-Written / Partner Compass Group revolutionises school meal enrolment with new mobile app
The mobile app enhances parent interactions and streamlines operational processes.
HKB Technology Excellence Awards 2024 Winner: HSBC
HKB Technology Excellence Awards 2024 Winner: HSBC
HSBC wins Hong Kong Business Technology Excellence Award for pioneering AI and data innovation
Co-Written / Partner HSBC wins Hong Kong Business Technology Excellence Award for pioneering AI and data innovation
MTR clinched the wins at HKB Technology Excellence Awards 2024 for enabling sustainable transport ecosystem
Co-Written / Partner MTR clinched the wins at HKB Technology Excellence Awards 2024 for enabling sustainable transport ecosystem

Videos

Hong Kong patients seek faster, cheaper care in Mainland China

Hong Kong patients seek faster, cheaper care in Mainland China

Hong Kong consumers delay big purchases amidst low confidence

Hong Kong consumers delay big purchases amidst low confidence

HKB Technology Excellence Awards 2024 Winner: HSBC

HKB Technology Excellence Awards 2024 Winner: HSBC

HKB Technology Excellence Awards and National Business Awards 2024 Event Highlight Video

HKB Technology Excellence Awards and National Business Awards 2024 Event Highlight Video

View more videos

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