The bank’s pre-tax profit of US$1.49 billion in the first quarter beat a consensus estimate of US$1.04 billion even as its business in Hong Kong took a battering from Covid-19 restrictions. ( read original story ...)
Hong Kong watchdog warns stablecoins could undermine HKD in CBDC paper
The Hong Kong Monetary Authority has invited public feedback about its central bank issued digital currency, known as e-HKD. ( read original story ...)
Hong Kong to be gateway for CMR Surgical in APAC region
CMR Surgical – the global surgical robotics business – has today announced the introduction of the Versius® Surgical Robotic System in Hong Kong at Chinese University of ... ( read original story ...)
HKMC Raises Fixed Mortgage Rate by 0.25%
The Hong Kong Mortgage Corporation Limited (HKMC) announced to raise the interest rates for the fixed-rate mortgages for 10, 15 and 20 years by 0.25%, respectively. After the adjustment, the fixed ... ( read original story ...)
Hong Kong residents are flocking to Singapore, snapping up rental homes
Rents for private home climbed 4.2% in the first quarter of this year, compared to a rise of 2.6% in the previous quarter, according to the Urban Redevelopment Authority. To be clear, interest from ... ( read original story ...)
Denial of bail is silencing Hong Kong’s democrats
China's national security law imposed on Hong Kong nearly two years ago has completely changed the territory's political landscape. © Reuters Joshua Wong, a prominent young pro-d ... ( read original story ...)
Kenneth Tsang Dies: Golden Age Hong Kong Film Actor Who Later Entered Hollywood Was 87
Kenneth Tsang, who made his mark in Hong Kong’s golden age of film before coming to the US and scoring roles in several prominent movies, died at age 87 today. He was found after quarantining in a ... ( read original story ...)
Hong Kong publishes CBDC discussion paper
Hong Kong is pushing ahead with its exploration of a retail central bank digital currency, launching a discussion paper on the policy and design aspects of a potential e-HKD. ( read original story ...)
Hong Kong mother pleads guilty to fatally strangling, slashing wrists of her 16-year-old daughter
A mother in Hong Kong pleaded guilty before the High Court to manslaughter for drugging, strangling and slashing the wrists of her 16-year-old daughter. Kwok Lin-choi, 54, appeared before Judge Andrew ... ( read original story ...)
Veteran Hong Kong actor Kenneth Tsang, who appeared in ‘A Better Tomorrow’ and ‘Supercop,’ dies at 87
Hong Kong actor Kenneth Tsang, known in Hollywood for his roles in the blockbuster “Rush Hour” and James Bond franchises, was found dead at the age of 87 in his hotel room on Wednesday. Having just ... ( read original story ...)
Veteran actor Kenneth Tsang dies aged 87 in Hong Kong COVID-19 quarantine hotel
Veteran Hong Kong actor Kenneth Tsang – who starred in several Hollywood films – died while undergoing quarantine for COVID-19 in a hotel in the city. ( read original story ...)
First virtual bank in Hong Kong to offer digital wealth advice
Welab Bank, a virtual bank licensed by the Hong Kong Monetary Authority, will launch its Goweath Digital Wealth Advisory for some of its customers. The bank is the first virtual bank in Hong Kong ... ( read original story ...)
Prolific Hong Kong actor Kenneth Tsang dies at 87 while in COVID-19 quarantine
Hong Kong actor Kenneth Tsang had tested negative for COVID-19 just before he died Wednesday while isolating in a hotel upon returning from Singapore. ( read original story ...)
Huge 15-carat blue diamond sells in Hong Kong auction for $57.5 million
On Wednesday, a blue diamond at a Hong Kong auction house achieved one of the highest prices for any diamond on the open market. The "De Beers Blue" diamond sold for $57.5 million, Sothebys auction ... ( read original story ...)