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...A deep market downturn in Hong Kong has made it more difficult for Chinese companies to raise money closer to home....
...Economic data: Singapore publishes its March consumer price index, Taiwan announces industrial production figures for March and Hong Kong releases its March CPI data....
...Chubb declined to comment....
...Insurance group Prudential’s new business profit rose by about 45 per cent to $3.1bn last year, as its core business in Hong Kong continued to recover from the impact of coronavirus restrictions....
...Industry insiders said the limited size of the Hong Kong market meant the first approvals would be the most valuable....
...Additional reporting by William Sandlund in Hong Kong...
...Corporate earnings: Hong Kong property developers CK Hutchison and Henderson Land, along with China’s Ping An Insurance and CNOOC, have financial results....
...A week-long trip to Tokyo from Hong Kong can cost at least HK$159,000 for each pet and owner....
...Corporate results: The Industrial and Commercial Bank of China and China Life Insurance announce earnings....
...Corporate earnings: Taiwanese contract manufacturer Foxconn, Hong Kong insurance giant AIA and conglomerate Swire report results....
...During exogenous shocks such as the Asian and global financial crises, there was an understanding that government response was limited and that Hong Kong’s business class would need to get off the floor,...
...Mainland Chinese visitors accounted for around $7.5bn of new insurance premiums in Hong Kong in 2023, according to the city’s Insurance Authority....
...Incentives including a Rmb8,000 insurance subsidy and a Rmb10,000 paint change discount will also expire at the end of March, meaning the total effective price increase will be about 9 per cent....
...Suncorp chief executive Steve Johnston said the bank asset sale would allow the company to focus on insurance....
...The petition, filed at the Hong Kong High Court by Ever Credit Limited, involved non-payment of a HK$1.6bn ($204.5mn) loan, plus accrued interest....
...Galicia will acquire the entire HSBC Argentina business, including banking, asset management and insurance, HSBC said....
...Alas for Hong Kong, while China is responsible for the general gloom, mainland losses have been more limited, with the CSI 300 (pink line) off a mere 6 per cent: Officials telling institutional investors...
...Hong Kong is now “firmly under Beijing’s thumb”, says Prasad, warning that “[Beijing’s] imposition of its limited version of the rule of law that features judicial subservience to the government could erode...
...The beauty of Hong Kong is that everything is so accessible – everywhere is walkable or reachable by car in 20 minutes....
...Earnings: Japanese insurance companies Tokio Marine, MS&AD and Sompo will publish their fiscal second-quarter results....
...But analysts said the warnings, from the US and Japan in particular, only highlighted the limited chance that their governments would intervene....
...Hong Kong’s Hang Seng index fell 0.7 per cent, Japan’s Topix shed 0.2 per cent and China’s CSI 300 was down 1 per cent. South Korea’s Kospi added 0.5 per cent....
...Hong Kong stocks fell for the fourth consecutive session on Monday, as gloom over China’s economic performance and uncertainty in the technology industry dimmed sentiment....
...The IPO option has become more difficult because of challenging market conditions in places such as Hong Kong and China....
...The schemes include the free food grain programme, which is known by its Hindi acronym PMGKAY and reaches 813mn people, and housing and health insurance schemes known by their acronyms PMAY and PM-JAY....
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