This year mark’s two decades of Hong Kong branding itself ‘Asia’s World City’ and now is the time to step up with the government backing HKFA’s plan to host AFC Cup and Champions League matches. ( read original story ...)
Total Wealth Of Tycoons On 2021 Forbes Hong Kong Rich List Rises Amid Pandemic
While the combined wealth of tycoons on the 2021 Forbes Hong Kong Rich List rose 7.5% to US$331 billion, up from $308 billion last year, more than half saw a pandemic-induced drop in their net worth. ( read original story ...)
Hong Kong budget: what did finance minister Paul Chan do right and why are pro-Beijing lawmakers still grumbling?
Relief measures and stamp duty welcomed by industry leaders, and while politicians applaud HK$5,000 spending voucher, some say it was not enough to alleviate concerns over unemployed. ( read original story ...)
Billionaire Builders Hit Hardest By Hong Kong’s Headwinds
Hong Kong’s high-flying real estate sector was hit hard as the pandemic dealt another blow to a market already weakened by the U.S.-China trade conflict and political unrest. Since last year’s list, ... ( read original story ...)
Hong Kong’s Biggest Wealth Gain Goes To This Smartphone Supplier
This story is part of Forbes' coverage of Hong Kong’s Richest 2021. See the full list here. Husband and wife Yeung Kin-man and Lam Wai-ying of Biel Crystal had another red-hot year. The founders of ... ( read original story ...)
Hong Kong’s Richest 2021: Big Gains For Some, But More Than Half See Wealth Drop
While the combined wealth of Hong Kong’s richest managed to rise, more than half saw a pandemic-induced drop in their net worth. ( read original story ...)
Government seeks to beef up Hong Kong’s role as Asia’s bond hub by accelerating Bond Connect, increasing use of green bonds
Hong Kong's government is looking to tap China's US$15 trillion bond market for growth, as it proposed creating a trans-border investment channel that can turn the city into a regional centre for ... ( read original story ...)
Beijing is exploring digital yuan cross-border payments by joining with Hong Kong, Thailand, UAE and the Bank of International Settlements
The People’s Bank of China is joining the Multiple Central Bank Digital Currency Bridge, a project exploring cross-border payments using distributed ledger technology, the latest step in Beijing’s ... ( read original story ...)
Hong Kong raises equity trading stamp duty first time in three decades as stock exchange posts third straight year of record profit
Hong Kong's government increased its stamp duty on equity transactions on the city's stock exchange for the first time in almost three decades to fund a widening budget deficit, just as the world's ... ( read original story ...)
HSBC turns to Asia for future growth
So it is no wonder that HSBC has decided to follow the money. HSBC has “pivoted” towards Asia in a bid to take advantage of the rising economic powers there, namely China. The political fallout ... ( read original story ...)
To Build Loyalty to China, Hong Kong Rewrites History
Through new lesson plans and expensive publishing projects, the government hopes to teach future generations a curated lesson about Hong Kong’s past. ( read original story ...)
Hong Kong forces elected councillors to swear loyalty oath or lose their posts
Hundreds of Hong Kong’s district councillors will have to pledge allegiance to the territory’s mini-constitution or face removal from office, under plans put forward by the government.The proposal ... ( read original story ...)
Reports: China’s military training Hong Kong police on marching style
China's People's Liberation Army soldiers are teaching Hong Kong police the mainland style of marching for the first time, as Beijing-approved election reforms are being supported among local ... ( read original story ...)
Hong Kong aims to launch southbound Bond Connect in 2021: finance secretary
Paul Chan, the financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said Wednesday that Hong Kong aims to launch the southbound trading of Bond Connect this year. ( read original story ...)