Watch out HSBC Holdings Plc. The digital banking revolution is coming for all the easy money the UK-based bank has long taken for granted. Hong Kong was HSBC’s birthplace as the Hongkong ... ( read original story ...)
Hong Kong SAR proposes rule change to enable ILS business
The Hong Kong Special Administrative Region (HK SAR) of the People’s Republic of China is targeting insurance-linked securities (ILS) business, with a proposal to amend regulations to enable special p... ( read original story ...)
Meet Labway, a startup specializing in sea cucumber nutrients
Founded in 2016, Labway, a Hong Kong-based biotechnology startup, aims to explore and develop the health nutrients from sea cucumber, in order to analyze the anti-resistance ingredients and medicinal ... ( read original story ...)
Hong Kong Dollar Drops the Most Since 2016
Hong Kong’s dollar weakened the most since February 2016, unwinding some of last week’s jump, as a widening interest-rate gap made it more lucrative to borrow the currency to buy the greenback. The ci... ( read original story ...)
Hong Kong Housing May Be Headed for a Correction
s head of property and conglomerates research in Asia, citing buyers’ fears for the outlook of both the Hong Kong and Chinese economies. Home prices fell 13 percent during that downturn versus a decli... ( read original story ...)
Here Are Signs Hong Kong Housing May Be Headed for a Correction
Applications recorded the biggest month-on-month drop in 20 years in September, according to Centaline Mortgage Broker Ltd. The number of applications slid 56 percent to 7,977, the Hong Kong Monetary ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) potential trade deal between US and Beijing
Hong Kong’s Hang Seng index surged 4.21 percent by Friday’s close following a report that U.S. President Donald Trump has asked officials in his administration to start drafting a potential trade deal ... ( read original story ...)
Hong Kong, Macau and Guangdong to set aside tourism rivalry and work together to tempt visitors into staying longer in Greater Bay Area
Hong Kong, Macau and Guangdong province are to cast aside decades of competing for tourists and work together to attract visitors to stay longer, starting with packages to extend visitors’ three-day a... ( read original story ...)
Real test for Hong Kong’s economy comes at Lunar New Year as new wave of tariffs hit amid US-China trade war
Hong Kong’s economy will be tested early next year as a new wave of American tariffs on Chinese goods kick in and trigger many small manufacturers across the border to go under, the city’s trade promo... ( read original story ...)
Uber says it has changed its ways and is willing to partner with Hong Kong government to help smart city plan
Controversial ride-hailing firm Uber has called for a partnership with the Hong Kong government to address the city’s mobility future as it vowed to change its unruly behaviour and to mend relations w... ( read original story ...)
Hong Kong’s appeal as a virtual banking hub is about to be put to the test as first online lenders arrive
Hong Kong’s appeal as a virtual banking hub will soon be put to the test, as the first round of licence approvals – due by the end of the year – will enable new competition in a city that ranks as one ... ( read original story ...)
Hong Kong is still wet behind the ears at 21 since return to Chinese rule, as she figures out her role
But 21 years after returning to China under the “one country, two systems” policy, Hong Kong is still at a relatively young age and in the process of learning before standing on solid ground. Put simp... ( read original story ...)
HSBC, other banks launch HK blockchain trade finance platform
Other major banks who participated in the development of the platform – facilitated by Hong Kong’s de facto central bank, the Hong Kong Monetary Authority (HKMA) – included Agricultural Bank of China ... ( read original story ...)
Singapore still beats Hong Kong over Asia’s open banking readiness crown
DBS and OCBC are regional pioneers in fintech and innovation. Singapore retained the top spot in Asia's' open banking readiness index amidst proactive decisions by the city state's regulators to embra... ( read original story ...)