Canada’s biggest insurer Manulife Financial has promoted its chief actuary Steve Finch to head its Asian business, picking a company veteran to take charge of a region that is projected to become the group’s single most profitable market. Finch will […]
Hong Kong on Saturday saw its best weekend for new property sales in four months, with a total of 362 units expected to be sold across three projects, after the government lowered the stamp duty for small flats after the
Hong Kong’s weekend property sales reach 4-month high after stamp duty cuts Read More »
Beijing will allow Hong Kong and Macau-domiciled banks to launch a range of services on the mainland including credit cards next month, the latest in a series of steps to integrate the financial sectors of China and its two special
Beijing allows Hong Kong banks to issue credit cards on mainland from March 1 Read More »
Gold has had a very good year. Not only did the price of the yellow metal keep refreshing record highs, but it also posted the biggest annual increase in 14 years. Analysts expect the bull run to continue next year
Gold could hit US$3,000 in 2025 amid continuing bull run Read More »
It is the season to give as the year-end festivities approach. But cracks in the economy in recent years have affected donations to The Community Chest of Hong Kong, which collects funds to support various social welfare causes in the
Hong Kong’s Community Chest feels the pinch as cracks in economy, markets hit donations Read More »
Hong Kong’s de facto central bank cut interest rates for the third time this year in line with the overnight move by the US Federal Reserve, lowering the cost of funds to ease the burden on mortgage borrowers and companies.
The Hong Kong government’s two-year-old investment arm is mounting an aggressive and wide-ranging deal-making push to bolster innovation, putting money into as many as 80 start-ups and projects locally, in mainland China and overseas. About 36 per cent of the
Hong Kong investment arm funds 80 start-ups as war chest swells Read More »
Most of Hong Kong’s small businesses are aware of the benefits of e-commerce, with nine out of 10 believing in the power of websites and online sales tools to boost their revenue, a finding that bodes well for the city’s
Most Hong Kong SMEs are converts to e-commerce, boding well for city’s transformation Read More »
Manulife Financial Corporation has promoted the Asia CEO of its insurance arm to run the Toronto-based company, an appointment that recognises the region’s outsize contribution to the group’s revenue. Phil Witherington, the Asia CEO of Manulife, will take over as
The Exchange Fund reported one of its best quarterly returns as stock markets rallied in Hong Kong and the United States, as a diversified investment approach helped to swell the financial war chest for defending the city’s currency peg. The
