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The most common green practices, adopted by 65 per cent of the bay area firms, were recycling of resources followed by use of clean energy. Photo: Shutterstock
Business of climate change

2 out of 3 bay area firms have adopted green practices such as recycling: study

27 Oct 2023 - 8:00AM

Two thirds of firms in the economic hub have adopted sustainable development practices in their business operations, and investments relating to ESG by such enterprises could reach HK$1 trillion (US$127.8 billion) in the next two years, according to a report by the Hong Kong Trade Development Council (HKTDC) and UOB.

The most common green practices, adopted by 65 per cent of the bay area firms, were recycling of resources followed by use of clean energy. Photo: Shutterstock

2 out of 3 bay area firms have adopted green practices such as recycling: study

Two thirds of firms in the economic hub have adopted sustainable development practices in their business operations, and investments relating to ESG by such enterprises could reach HK$1 trillion (US$127.8 billion) in the next two years, according to a report by the Hong Kong Trade Development Council (HKTDC) and UOB.

27 Oct 2023 - 8:00AM

Hong Kong stocks at 6-month low as Lenovo, Xpeng earnings hit by weak demand

Hong Kong stocks dropped for a third day as Lenovo and Xpeng reported disappointing earnings amid China’s weak economic recovery. A stalemate in debt ceiling talks in the US continued to sap sentiment.

25 May 2023 - 4:46PM

Hong Kong stocks climb out of hole as Beijing’s Micron ban fuels chip makers

Hong Kong stocks climbed from a two-month low on Monday morning as Beijing’s ban on Micron Technology over security concerns propelled a rally in Chinese chip makers.

22 May 2023 - 4:39PM
The Hang Seng Index was heading towards a third weekly loss on Thursday. Photo: EPA-EFE

Hong Kong stocks at 6-month low as Lenovo, Xpeng earnings hit by weak demand

Hong Kong stocks dropped for a third day as Lenovo and Xpeng reported disappointing earnings amid China’s weak economic recovery. A stalemate in debt ceiling talks in the US continued to sap sentiment.

25 May 2023 - 4:46PM
Hong Kong stock market

Hong Kong stocks climb out of hole as Beijing’s Micron ban fuels chip makers

Hong Kong stocks climbed from a two-month low on Monday morning as Beijing’s ban on Micron Technology over security concerns propelled a rally in Chinese chip makers.

Hong Kong stocks climbed from a two-month low on Monday morning as Beijing’s ban on Micron Technology over security concerns propelled a rally in Chinese chip makers.

22 May 2023 - 4:39PM
Millionaires and billionaires

Hong Kong top Asian city for ultra-wealthy individuals, Beijing second: Altrata

Hong Kong has topped other Asian cities where ultra-wealthy individuals maintain primary or secondary residences, with an estimated 15,175 such residents, according to the latest report by London-based Altrata.

Hong Kong has topped other Asian cities where ultra-wealthy individuals maintain primary or secondary residences, with an estimated 15,175 such residents, according to the latest report by London-based Altrata.

7 Mar 2023 - 9:27PM

BYD plunges after Buffett’s Berkshire cuts stake in China’s top EV maker

BYD plunges in Hong Kong trading after a filing shows Berkshire Hathaway trimmed its stake in the EV maker by about US$47 million.

31 Aug 2022 - 4:29PM
BYD plunges after Buffett’s Berkshire cuts stake in China’s top EV maker

US-China audit deal to delay migration benefits for HKEX: Morgan Stanley

Hong Kong’s bourse operator may have to wait longer to extract the benefits of more IPOs and trading volume as the US-China audit deal could allow Chinese companies to keep their New York listing status.

30 Aug 2022 - 6:02PM
US-China audit deal to delay migration benefits for HKEX: Morgan Stanley

Hong Kong top Asian city for ultra-wealthy individuals, Beijing second: Altrata

Hong Kong has topped other Asian cities where ultra-wealthy individuals maintain primary or secondary residences, with an estimated 15,175 such residents, according to the latest report by London-based Altrata.

7 Mar 2023 - 9:27PM

BYD plunges after Buffett’s Berkshire cuts stake in China’s top EV maker

BYD plunges in Hong Kong trading after a filing shows Berkshire Hathaway trimmed its stake in the EV maker by about US$47 million.

31 Aug 2022 - 4:29PM

US-China audit deal to delay migration benefits for HKEX: Morgan Stanley

Hong Kong’s bourse operator may have to wait longer to extract the benefits of more IPOs and trading volume as the US-China audit deal could allow Chinese companies to keep their New York listing status.

30 Aug 2022 - 6:02PM
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