Hong Kong leader John Lee said on Tuesday there was "no legal basis" for the city to act on Western sanctions, when asked about a Russian yacht berthed in the financial centre that belongs to a ... ( read original story ...)
Hong Kong nixes US sanctions on Russian-owned superyacht
A U.S. State Department spokesperson said in a statement Monday that “the possible use of Hong Kong as a safe haven by individuals evading sanctions from multiple jurisdictions further calls into ... ( read original story ...)
Hong Kong’s Property Market Is Tumbling as Unsold Homes Pile Up
On a recent Saturday, more than 100 salespeople swarmed the floors of a luxury shopping mall in Hong Kong, haranguing shoppers to check out deals at one of the city’s latest residential projects.One ... ( read original story ...)
Morgan Stanley appoints Badalia as Southeast Asia M&A head
Hong Kong-based Badalia takes over from Jonathan Pflug, who is joining U.S. investment bank Raine Group to lead its coverage in Southeast Asia, Reuters reported last month. Badalia, who has been ... ( read original story ...)
South Korea improving on inequality, Hong Kong slipping: Oxfam
South Korea, Singapore, Tajikistan and the Maldives have made some of the biggest strides in tackling inequality during the COVID-19 pandemic, while Hong Kong experienced one of the sharpest declines, ... ( read original story ...)
Airwallex raises $100M to power cross-border business banking, valuation stays flat at $5.5B
The economy may be showing many signs of contraction right now, but many companies still need to do business internationally. Airwallex, the Hong Kong/Australia startup that provides cross-border ... ( read original story ...)
Hong Kong To Give Away 500,000 Plane Tickets To Tourists
Hong Kong dropped their mandatory hotel quarantine requirement, and now they plan to give away half a million airline tickets to boost tourism. This plan has been in the works for the last couple of ... ( read original story ...)
Russian Firms Turn to Hong Kong in Bid to Avoid Sanctions
Russian companies shut out of Western financial capitals are exploring Hong Kong as an alternative, stoking concern among US officials that the Asian hub will become a haven for businesses sanctioned ... ( read original story ...)
HSBC introduces domestic foreign currency transaction through RTGS
The Hong Kong and Shanghai Banking Corporation (HSBC) along with Bangladesh Bank has initiated foreign currency (FCY) transaction solution through real-time gross settlement (RTGS) clearing of the ... ( read original story ...)
Hong Kong Shouldn’t Take a Back Seat to Singapore, Financial Chief Says
Hong Kong’s financial chief defended Hong Kong’s “clear” competitive advantages in financial services, equity markets and green finance and said the city shouldn’t take a back seat to Singapore as a ... ( read original story ...)
US warns Hong Kong against helping sanctioned individuals
The U.S. warned Hong Kong on Monday that its status as a financial center could be affected if it acts as a safe haven for sanctioned individuals, days after a luxury yacht connected to a sanctioned ... ( read original story ...)
Hong Kong’s financial industry has huge future opportunities: financial secretary
Hong Kong has both "quality" and "quantity" advantages for being a pioneer and a developed market, Chan said in a blog post on Sunday. Compared with other international financial centers, Hong Kong's ... ( read original story ...)
Finance chief remains confident in HK’s competitive advantages
Hong Kong’s “clear” competitive advantages in financial services, equity markets and green finance are expected to create new opportunities for the city’s development, the city’s finance chief said. ( read original story ...)
Invesco relocates to Hongkong Land’s Jardine House, seizing on rising office vacancies, falling rents in Central
US money manager has leased 33,000 sq ft in the iconic Jardine House from November 1 The relocation trend in the Hong Kong office property market is likely to continue well into 2023 amid falling ... ( read original story ...)