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    OCBC Bank sold 33.33% shares of Hong Kong Life to Yuexiu Enterprises

    2024.12.27

    OCBC Bank announced today that it has signed a share sale and purchase agreement to sell its 3333% Hong Kong Life shares for NT$590 million, equivalent to 290 million ordinary shares […]
    Mainland foreign exchange market transactions hit record high

    2024.12.27

    According to RTHK reports, total transactions in the mainland’s foreign exchange market hit a three-month high last month. Among them, the bank-to-customer market turnover was US$512.3 billion, a monthly increase of approximately 2.1% […]
    Economy: Japan’s unemployment rate remained at 2.5% in November, in line with expectations Forex Quotes – Forex News

    2024.12.27

    According to the latest data, Japan's unemployment rate remained at 2.5% in November, in line with expectations. This shows that the Japanese economy remains relatively stable and the unemployment rate remains low […]
    U.S. stock outlook: Three major stock index futures all fell, Wells Fargo warned that it may face the risk of a 7% correction

    2024.12.27

    The latest price of Brent crude oil was US$73.39 per barrel, an increase of 0.74%. This has important implications for the global economy and stock markets. The outlook for U.S. stocks […]
    Goldman Sachs Warning! The European economy will fall into a cold winter in 2025, and misfortunes never come singly.

    2024.12.27

    In 2024, economic growth in both the Eurozone and the UK will be weak. Economic activity had expanded at the start of the year as real incomes rose, financial conditions improved and recovery hopes grew […]
    National Development and Reform Commission establishes low-altitude economic development department

    2024.12.27

    The National Development and Reform Commission officially established the Department of Low-altitude Economic Development, which is an important measure aimed at promoting the development of low-altitude economy and enhancing my country's competitiveness in this field. Low altitude […]
    World Bank raises China's GDP forecast but warns of domestic housing problems

    2024.12.27

    The World Bank pointed out that the real estate industry remains one of the major challenges for the Chinese economy. While policy support may boost housing demand and reduce inventory in the short term, an industry pick-up could […]
    Private property prices in Hong Kong rose continuously in November. Hong Kong stocks fell slightly by 7 points after the holiday.

    2024.12.27

    In November, private property prices in Hong Kong increased for two consecutive months, but the increase narrowed to less than 0.1%. This shows that the market’s rise in the property market has tended to ease, and investors are […]
    China CITIC Bank: Liu Guoling resigns as external supervisor and other positions

    2024.12.27

    China CITIC Bank (00998) announced that Liu Guoling resigned as an external supervisor of the bank, a member of the Supervision Committee of the Board of Supervisors and a member of the Nomination Committee due to personal reasons. this[…]
    The land at the Pak New Town Port in the Northern New Territories is reserved to build a university education city

    2024.12.27

    The Development Bureau has announced preliminary development proposals for North New Town and Ma Tso Lung in the New Territories, with a total area of 1,475 hectares. The government divides the northern metropolitan area into four major regions, of which nearly one […]
    HSBC, BOC and Standard Chartered will provide new banknote exchange from January 14th

    2024.12.27

    The Lunar New Year is approaching, and it’s time for citizens to prepare for new banknotes and distribution of profits. According to reports, Hong Kong’s three major banks – HSBC, BOC Hong Kong and Zhengzhou […]
    China's economic recovery boosts demand for crude oil, oil prices rise slightly this week

    2024.12.27

    The World Bank on Thursday raised its forecast for China’s economic growth in 2024 and 2025, boosting optimism about China’s economic growth and oil demand but […]