City Hong Kong Financial News

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

stocks resumed their impressive start to the year on Wednesday as they rocketed more than three percent on the back of a surge in tech firms fuelled by fresh optimism over the sector in China. The rally led gains across most of Asia's markets, with investors shifting back to buy mode following a poor start to the week sparked by fresh US tariff concerns.

Asian markets rose Friday, with Hong Kong leading the way thanks to a surge in tech stocks led by ecommerce titan Alibaba. The gains put the region on course to end a positive week on a strong note and came as traders weigh the economic outlook in light of Donald Trump's tariffs drive and geopolitical machinations.

United States is set to cut the size of its diplomatic mission in China by up to 10%, the South China Morning Post reported on Wednesday, citing people familiar with the situation.

Alibaba and PDD Holdings, which owns fast fashion brand Temu, saw a decline in premarket trading on February 5 after the United States Postal Service (USPS) announced an indefinite suspension of inbound parcels from mainland China and Hong Kong.

Rep. Claudia Tenney, R-N.Y., on the impact of President Trump's tariffs, Democrats' effort to keep Elise Stefanik's U.S. House seat open and a bill to protect milk choices for schoolchildren.

Mandarin Oriental Hong Kong is celebrating the Lunar New Year in a special way—through a cocktail menu inspired by ancient Chinese philosophy. This new offering is designed to bring meaning, culture, and flavors together in every sip.

Asia markets are mostly higher following gains on Wall Street driven by Tesla, IBM and Meta Platforms after strong profit reports

Year of the Snake with vibrant celebrations, cultural traditions, and hopes for prosperity. From temple rituals in Hong Kong to grand festivities in Moscow, the occasion was observed on a global scale.

An explosion has struck a Hong Kong-flagged container ship traveling north through the Red Sea, sparking a major fire that forced its crew to abandon the vessel

cinema has been started by Chanel's Culture Fund. This project, which focuses on film restoration, experimental initiatives, and cultural interaction throughout Hong Kong and Thailand, bridges the gap between tradition and innovation with the help of well-known individuals Tilda Swinton and Apichatpong Weerasethakul.

Hong Kong stocks weakened on Wednesday after U.S. President Donald Trump hinted at potential new tariffs on Chinese imports, ending a brief reprieve for the markets. The blue-chip CSEI 300 Index declined 1.1% in early trade, the biggest retreat in nearly two weeks, and the Shanghai Composite Index lost 0.9%.

Asian shares are higher after U.S. stock indexes rallied to close out their best week in two months

Asian markets are mostly lower after shares slumped on Wall Street despite better-than-expected reports on the U.S. jobs market and business activity

The U.S. Defense Department has added major Chinese technology companies including gaming and technology company Tencent, artificial intelligence firm SenseTime and the world’s biggest battery maker CATL to its list of companies it says have ties to Ch...

Pony.ai Inc is seeking to launch its robotaxi services in Hong Kong, joining Baidu in a race to provide services in the city, as the autonomous driving firm looks to expand its operations globally.

Subscribe to enjoy similar stories. HONG KONG—It took the promise of access to contraband, an FBI front company and help from Fiji, but they got their man: U.S. investigators, in a tricky sting operation, picked off a supplier of parts Moscow needs for its war in Ukraine.

Hong Kong dollars for information leading to their arrests.According to the warrants, the six are wanted for national security offences such as secession, subversion and collusion with foreign forces. They include Tony Chung, the former leader of now-defunct pro-independence group Studentlocalism.U.K.-based Carmen Lau, a former district councilor and current activist with the Hong Kong Democracy Council, as well as Chloe Cheung, an activist with the Committee for Freedom in Hong Kong, also had warrants issued against them.The latest round of warrants signals that the Hong Kong government is targeting vocal critics based abroad.The government had previously issued two rounds of arrest warrants and bounties for more prominent activists, including ex-lawmakers Ted Hui and Nathan Law.The increasing number of wanted individuals abroad come as Hong Kong continues to crack down on political dissent following massive anti-government protests in 2019 that resulted in a wave of pro-democracy movements.

Subscribe to enjoy similar stories. From China’s stock rout to the unwind of the yen-funded carry trade, whose participants, according to some, “eat like a bird and poop like a cow," 2024 was full of surprises. No one expects 2025 to be less exciting.