Hong Kong’s Oct-Dec unemployment holds steady at 2.9%
HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate stood at 2.9% in October-December, unchanged from the previous three-month period, the government said on Thursday, adding the labour market should stay…
Hong Kong’s easing of mortgage rules boosts home visitors, but not deals
By Clare Jim HONG KONG (Reuters) – Hong Kong’s move to raise the maximum mortgages available to some homebuyers, its first relaxation in curbs on home purchases adopted in 2009, boosted shopping…
Explainer-What is Hong Kong’s new dual HKD/RMB share counter?
By Georgina Lee and Winni Zhou HONG KONG (Reuters) – The Hong Kong stock exchange will start offering yuan-denominated Chinese stocks from Monday in what it calls a dual counter, a scheme…
State Department amends comment on APEC invitation for Hong Kong’s leader
By Michael Martina WASHINGTON (Reuters) – The U.S. State Department amended part of a statement to Congress in which it said Washington would invite Hong Kong’s chief executive, who faces U.S. sanctions,…
Hong Kong’s January-March unemployment eases to 3.1%
HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate eased to 3.1% in the January to March period, improving for the eleventh consecutive quarter as economic activity continued to pick up,…
Hong Kong’s Cathay Pacific flags up to $893.77 million loss in 2022
(Reuters) -Cathay Pacific Airways Ltd on Friday forecast a fiscal 2022 loss between HK$6.40 billion ($817.18 million) and HK$7.00 billion, but highlighted an upbeat outlook after Hong Kong and mainland China lifted…
Hong Kong’s Cardinal Zen among six fined over fund for protesters
By Jessie Pang HONG KONG (Reuters) – One of Asia’s most senior Roman Catholic clerics, Cardinal Joseph Zen, 90, was found guilty of failing to register a now-disbanded fund for pro-democracy protesters…
Hong Kong’s leading crypto retail operator says it ceases trading as FTX fallout roils sector
By Georgina Lee HONG KONG (Reuters) – A leading cryptocurrency retail service provider in Hong Kong said it has ceased trading as the broader fallout from the collapse of FTX, and solvency…
Hong Kong’s August-October unemployment eases to 3.8%, improving for 6th straight period
HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate eased to 3.8% in the August-October quarter, improving for the sixth consecutive period as economic activities revive in an easing COVID situation,…
Explainer-What’s behind Hong Kong’s tightening cash conditions?
By Georgina Lee HONG KONG (Reuters) – A weak Hong Kong dollar and capital outflows have pushed the city’s interbank rates to 14-year highs and drained cash levels to their lowest in…
Hong Kong’s June-August unemployment eases to 4.1%, outlook improving
HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate eased to 4.1% in the June-August quarter, improving for the fourth consecutive period as economic activities revived in an easing COVID situation…
Analysis-Hong Kong’s cheap funding window shrinks as banks feel cash tighten
SHANGHAI/HONG KONG – Investors who have exploited Hong Kong’s cheap interest rates all year to fund other trades globally are finding that the window is closing as local cash conditions tighten and…
‘Chilling’ use of security law threatening Hong Kong’s finance hub status, says U.S. envoy
HONG KONG – The top U.S. diplomat in Hong Kong on Monday urged China to ease political pressure on the city, warning that the “crude and chilling” use of a sweeping national…
Hong Kong’s second SPAC deal put on hold, source says, clouding prospects
By Scott Murdoch HONG KONG – A blank-cheque firm backed by VMS Asset Management has paused plans to go public in Hong Kong due to highly volatile markets, said a person with…
Hong Kong’s former No. 2 official to run in leadership election
HONG KONG – Hong Kong former deputy leader John Lee will run in a leadership election in May, according to a press invitation seen by Reuters late on Friday. Lee, the first…
Hong Kong’s first SPAC listing sees Aquila shares slip
By Donny Kwok and Scott Murdoch HONG KONG – Aquila Acquisition Corp shares slipped on Friday in the first special purpose acquisition company (SPAC) listing in Hong Kong as the city’s bourse…
Hong Kong’s Nov-Jan unemployment unchanged at 3.9%, outlook gloomy
HONG KONG – Hong Kong’s seasonally adjusted unemployment rate was unchanged at 3.9% in the November-January quarter, the government said on Monday, and the outlook is overshadowed by a surge in coronavirus…
Hong Kong’s Bank of East Asia proposes $372 million share buyback
– Hong Kong’s Bank of East Asia Ltd said on Friday it intends to buy back 8.43% of its total issued shares worth HK$2.904 billion ($372.65 million) owned by hedge fund Elliot…
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