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Hong Kong bourse logs 10% profit jump

Hong Kong bourse logs 10% profit jump as trading turnover and IPOs surge

Hong Kong's bourse operator reported a 10% rise in annual profit, helped by sharp increases in trading turnover and new company listings, and said it was optimistic that a pickup in Chinese economic activity would help its prospects.

The Financial Times · 18h

Hong Kong stock exchange reports record profits after China stimulus

High interest rates in the US, which translate directly to Hong Kong due to the territory’s dollar peg, had depressed dealmaking in the city. Coupled with its exposure to China’s economic slowdown, the city’s capital markets entered a prolonged slump.

scmp.com · 18h

Hong Kong bourse operator HKEX reports record annual profit on surging turnover, IPOs

Net profit in 2024 rose 10 per cent to HK$13 billion (US$1.7 billion), or HK$10.32 per share, compared with HK$11.9 billion in 2023.

Hosted on MSN · 18h

Hong Kong exchange's 2024 profit rises 10% on higher trading revenues

Hong Kong's bourse operator reported on Thursday a 10% rise in profit in 2024, beating forecasts, bolstered by a sharp jump in trading revenues after China's announcement of economic stimulus measures boosted investor sentiment.

Hong Kong ex-lawmaker and 6 others jailed

Reuters · 15h

Veteran Hong Kong democrat and 6 others jailed for rioting after 2019 mob attack

A Hong Kong court on Thursday sentenced veteran democrat Lam Cheuk-ting and six other men to jail terms of several years for rioting after being attacked by a white-shirted mob in the summer of 2019 as pro-democracy protests raged.

The Washington Post · 15h

Former Hong Kong lawmaker sentenced to over 3 years in jail on charge of riot during 2019 protests

A Hong Kong judge sentenced a former pro-democracy lawmaker to three years and one month in prison on a charge of riot after an incident in which he was beaten up at a subway station during the city’s

scmp.com · 13h

Ex-Hong Kong lawmaker Lam Cheuk-ting gets 37 months’ jail over Yuen Long riot

Former opposition lawmaker jailed for three years and one month, receiving heaviest punishment among seven defendants on trial for 2019 riot.

Hong Kong to cut thousands of civil service jobs

The Associated Press - Busines… · 1d

Hong Kong is to cut thousands of civil service jobs and invest in AI to tackle a rising deficit

Hong Kong will cut thousands of civil service jobs and boost spending in artificial intelligence as it seeks to tackle an increasing deficit.

Reuters · 1d

Hong Kong to slash 10,000 civil service jobs, push AI in bid to reverse deficit

Hong Kong aims to cut spending by slashing 10,000 civil service jobs in an effort to rein in a rising deficit, and plans a big AI push as it navigates headwinds from global economic uncertainty, geopolitical tensions and a weak property market.

PA Media on MSN · 1d

Hong Kong to cut thousands of civil service jobs and invest in AI

The government has outlined a ‘cumulative reduction’ of government recurrent expenditure by 7% from now until 2027-2028.

US targets firms in China, Hong Kong

U.S. News & World Report · 1d

US Targets Firms in China, Hong Kong Over Alleged Role in Iranian Drone Procurement

The United States imposed sanctions on six entities based in Hong Kong and China on Wednesday that it accused of being involved in an Iranian drone procurement network, as the Trump administration implements its "maximum pressure" campaign against Tehran.

UPI News on MSN · 1d

Treasury sanctions six Hong Kong entities for helping Iranian drone network

The U.S. Treasury Department's Office of Foreign Assets Control Wednesday sanctioned six Hong Kong companies for allegedly being part of a covert Iranian drone procurement network.

Yahoo · 16h

US sanctions more Hong Kong firms for aiding Iranian drone makers

The Treasury Department imposed sanctions on six firms in Hong Kong and mainland China for allegedly supplying components to Iran ’s drone and missile programmes in violation of US bans. The firms acted as fronts to acquire American parts for Iranian military companies,

13h

Hong Kong to launch 2 AI forums aimed at bridging China and the world amid US tech war

The government-owned Hong Kong Investment Corporation (HKIC), which manages HK$62 billion (US$8 billion) of funds, plans to ...

Hong Kong budget looks to tackle deficit blowout amid economic headwinds

Hong Kong is expected to focus on steps to curb spending in its annual budget on Wednesday, as it seeks to tackle a fiscal ...

Hong Kong’s DeepSeek-powered AI tool ranks first in world for safety: minister

Innovation chief Sun Dong dismisses data leak concerns over locally developed ‘HKGAI V1’ being trialed in government ...

Mamamia1h

Planning a couples trip to Hong Kong? Make this your itinerary.

Expect a mix of free and ticketed events, including installations, panel discussions, film screenings, performances and more.

23h

Radiating from Hong Kong, FILMART Is the One-Stop Hub for Asia’s Entertainment Market

A must-attend content marketplace for industry elites, FILMART serves as the gateway to the Asian entertainment market. The ...

18h

Hong Kong Looks to Save Pennies to Fight Its Way Out of the Red

The Hang Seng Index has soared 21% since Trump’s inauguration to touch a three-year high. The gauge has benefited from ...

Johor-Singapore SEZ gets initial investors

THE Johor-Singapore Special Economic Zone (JS-SEZ) has landed one of its earliest investors – Hong Kong-listed Gold Peak ...

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Hong Kong bourse logs 10% profit jump

Hong Kong ex-lawmaker and 6 others jailed

Hong Kong to cut thousands of civil service jobs

US targets firms in China, Hong Kong

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