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China Evergrande ordered to liquidate by Hong Kong court

CFO News

China Evergrande Group, the world's most-indebted property developer, was ordered to be liquidated by a Hong Kong court. The wind-up could result in management being replaced and address some of the company's issues. trillion yuan ($333 billion) of liabilities, Evergrande is a prominent symbol of China's real estate crisis.

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Hong Kong Law on Trial

CFO News Room

1 in Hong Kong. One of Hong Kong’s attractions as a financial center has been that foreign lawyers and judges from common-law jurisdictions are welcome. The long-awaited trial of Apple Daily founder Jimmy Lai on national security charges is supposed to begin Dec.

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S&P: Hong Kong, Singapore lenders to improve operating efficiency

Future CFO

Hong Kong and Singapore lenders are expected to improve their operating efficiency in the coming months amid higher net interest margins, according to an insight report by S&P Global Market Intelligence. The post S&P: Hong Kong, Singapore lenders to improve operating efficiency appeared first on FutureCFO.

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Hong Kong employees prefer working in local firms: Survey

Future CFO

Hong Kong employees prefer working in local firms and particularly in the energy and environmental sector, said Randstad recently. Every year, local companies stand out to be some of the most attractive companies that local residents have a strong preference for,” said Benjamin Elms, Managing Director at Randstad Hong Kong.

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Hong Kong budget seeks to cushion economy from “zero infection”

Future CFO

Hong Kong budget seeks to deploy its considerable fiscal buffers to cushion the economic impact on households and businesses as the city pursues a so-called dynamic”zero infection policy with a range of social restrictions, said Fitch Ratings recently. billion) in the FY21 Hong Kong budget.

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China and Hong Kong IPOs to accelerate if two things happen

Future CFO

China and Hong Kong IPOs will accelerate if the pandemic situation in China improves and the Russia-Ukraine War subsides in Q2 2022, said the Capital Market Services Group of Deloitte China recently. The Hong Kong market had 15 IPOs raising HKD13.6 billion in Q1 2022, with proceeds down 90% from HKD132.8

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HKTDC: Hong Kong Export Index rebounds sharply

Future CFO

The Hong Kong Export Index grew 9.3 in January-March this year as border reopens, said the Hong Kong Trade Development Council (HKTDC) recently when releasing results of its quarterly survey. The post HKTDC: Hong Kong Export Index rebounds sharply appeared first on FutureCFO. points to 39.0