The Hong Kong Exchange logged a 3% decline in first-half profit although the second quarter showed more promise. (Photo by Ken Kobayashi)
Markets

Hong Kong Exchange's first-half profit sinks amid weak market sentiment

New CEO Bonnie Chan describes results as 'robust' but concedes outlook uncertain

21 August 2024
The Chinese e-commerce giants Temu and Shein both face myriad regulatory hurdles amid their pushes into more overseas markets. (Source photos by Reuters and AP) 
Retail

Shein sues Temu (again) as e-commerce feud heats up

China-founded cross-border platforms have taken each other to court multiple times

21 August 2024
Fish on sale in Hong Kong. The city, a critical export market for Japanese food products, has imposed restrictions on seafood from the region surrounding Japan's Fukushima nuclear power plant.
International relations

Japan fisheries minister tries in vain to reverse Hong Kong's import ban

Sakamoto says he told official 'quite a lot' on Fukushima water safety during visit

16 August 2024
Giant panda Ying Ying before labor, and her twins, a female (left) and a male. (Photo by Ocean Park Hong Kong)
Travel & Leisure

Hong Kong's first panda births raise hopes for tourism boost

City expects arrival of another pair granted by Beijing in coming months

16 August 2024
Kwai Chung Container Terminal in Hong Kong. The city's exports should remain positive, though potential trade conflicts are a risk, according to government economist.
Economy

Hong Kong second-quarter GDP expands 3.3% on the year

City still struggles to bounce back after three-year COVID lockdowns

16 August 2024
China's CHK Oil lost key leases in the US state of Utah. (US Department of Interior photo)
US-China tensions

Chinese oil company reveals loss of Utah drilling rights years afterward

Hong Kong-listed CHK Oil says board only learned of 2022 U.S. orders last week

16 August 2024
VP Bank is set to close its Hong Kong office after the resignations of its Asia chief executive and chief operating officer. 
Wealth Management

Liechtenstein's VP Bank to exit Hong Kong after 18 years

CEO Pamela Hsu Phua and COO Heline Lam resign; Singapore office to focus on Asia

16 August 2024
Hong Kong-based fashion retailer Giordano International is refocusing on growth in mainland China. (Photo by Kenji Kawase)
Retail

Hong Kong apparel maker Giordano to focus on mainland China again

Fast-fashion stalwart seeks to open more shops despite low consumer confidence

16 August 2024
The Cheung Kong Center II, developed by CK Asset Holdings, in Hong Kong. The conglomerate founded by tycoon Li Ka-shing has been snapping up assets in the U.K. this year.
Companies

Li Ka-shing's CK Group empire accelerates pivot to Europe

London listing, new acquisitions dilute exposure to Hong Kong and mainland China

15 August 2024
An influx from mainland China is shoring up Hong Kong's population. (Photo by Shinya Sawai)
Economy

Hong Kong population edges up from end-2023 as mainlanders move in

City touts programs to lure talent amid questions over long-term prospects

15 August 2024
NagaWorld in Phnom Penh. A suspended Russian project is weighing on the Cambodian casino group. (Photo by Masayori Ishikawa)
Media & Entertainment

Cambodia's NagaCorp flags up to $95m charge on Russia casino project

Stalled Vladivostok resort threatens to push company into the red

13 August 2024
Liao Yitao, front left, attends a press conference for the launch of the MassPhoton HK facility. (Hong Kong Science and Technology Parks)
US-China tensions

Hong Kong chip fab raises U.S. research security concerns: report

Founder of new chip facility previously received U.S. military funding

13 August 2024
Kaisa Group Holdings is one of several Chinese property developers facing winding-up petitions.
China debt crunch

China's Kaisa Group liquidation hearing adjourned by Hong Kong court

Property developer hopes to strike deal to restructure $12bn in offshore debt

12 August 2024
Swire owns exclusive rights to manufacture, market and distribute Coca-Cola products in 11 Chinese provinces and the city of Shanghai.
Food & Beverage

Swire's China Coca-Cola business mired in 'subdued' spending

Group turns toward Southeast Asia with 'appetite' for residential property

8 August 2024
Shan Jizhang, a founder, chairman and CEO of Black Sesame International, second from the right, stands next to Hong Kong Exchange CEO Bonnie Chan at the listing ceremony on Aug. 8. (Photo by Kensaku Ihara)
IPO

TSMC-linked China auto chip maker plunges over 30% in Hong Kong IPO

Black Sesame International's weak debut clouds city's tech stock strategy

8 August 2024
A new exhibit in Hong Kong features photos and videos showing the damage caused by the 2019 protests. (Photo by Kensaku Ihara)
Hong Kong security law

Hong Kong national security gallery imprints 2019 protests as 'destruction'

New exhibits seek to promote Chinese patriotism in face of 'external hostilities'

8 August 2024
The Peninsula Hotel in Hong Kong. The luxury group has struggled to maintain earnings momentum. (Photo by Ken Kobayashi)
Travel & Leisure

Peninsula Hotels operator slips back to net loss, hit by 'weak' Hong Kong

Reported detention of Myanmar partner 'nothing to do with' Yangon hotel, exiting CEO Kwok says

7 August 2024
Cathay Pacific, Hong Kong's flag carrier, continues to recover from the COVID-19 pandemic. (Photo by Ken Kobayashi)
Transportation

Cathay Pacific logs double-digit revenue growth as costs eat into profit

$12.8bn seven-year investment plan unveiled; chairman 'confident' in city's future

7 August 2024
A KFC outlet in Shanghai. Yum China Holdings, which operates the fried chicken chain in China, is increasingly targeting cost-conscious consumers. (Photo by Wataru Suzuki)
Food & Beverage

Yum China expands new low-priced eateries in sign of frugal times

Fast food operator posts record quarterly profit as it responds to market 'challenges'

6 August 2024
John Lee, center, in Ho Chi Minh City. He is the first Hong Kong chief executive to visit Vietnam, Cambodia and Laos. (Photo by Lien Hoang)
Trade

Hong Kong has ASEAN backing to join RCEP trade pact: John Lee

City goes on charm offensive after COVID-19, security law dent reputation

6 August 2024
Lu Xinyi is among the entrepreneurs at the Bays Work accelerator in Shenzhen. (Photo by Itsuro Fujino)
Startups

Hong Kong startup founders flock north to tech hub Shenzhen

Mainland city's incentives draw new businesses as Beijing pushes integration

3 August 2024
A server pours Budweiser at a beer festival in Beijing. Budweiser Brewing Co. APAC, the Hong Kong-listed regional arm of Anheuser-Busch InBev, has reported sharply weaker performance in the country.
Food & Beverage

Budweiser group's China beer sales plunge by double digits

APAC CEO blames drop-off on COVID reopening hangover, weather, weak consumption

1 August 2024
The Hong Kong offices of HSBC and Standard Chartered Bank on March 15. Both banks have announced share buyback programs this week.
Finance

HSBC sets $3bn share buyback as current and next CEOs assess direction

Interim profit dips slightly; incoming Elhedery says Quinn leaves bank 'where we wanted to be'

31 July 2024
Asia Standard Hotel Group, which runs hotels under the Empire brand, has revealed the financial impact of exposure to Evergrande bonds. (Source photos by Reuters and Kenji Kawase)
China debt crunch

Hong Kong hotel operator reveals investment losses from Evergrande bonds

Asia Standard's developer-dominated portfolio hit by two winding-up orders

31 July 2024