Unlike Hong Kong, the mainland Chinese government regards cryptocurrency as a threat to financial stability and strictly prohibits banks from dealing with cryptocurrencies such as bitcoin. Last year, ...
Hong Kong’s Hang Seng jumps sharply, other Asian markets follow
SYDNEY, NSW, Australia - Stocks in Hong Kong and mainland China jumped sharply on Tuesday, triggering a regional rush to equities. The Hang Seng in Hong Kong surged 768.25 points ...
Hong Kong Touts Its Reopening to Wall Street Despite Covid Controversies, Typhoon
The city’s financial summit drew executives from Goldman Sachs and Morgan Stanley, among others, but featured little debate.
Hong Kong’s New Visa and Property Tax Regulations to Attract Foreign Talents
Hong Kong is lowering property taxes and relaxing visa requirements for non-permanent residents to draw in international talent.
Hong Kong – Enacts New Regime Taxing Foreign Source Income.
The explanatory note of the Hong Kong Inland Revenue Department (“ IRD ”) is accessible here: This is a useful and clear introduction to the new rules, even for the layman. On 28 October 2022, the ...
Shenzhen backed to ‘pioneer’ China’s national tax reform, sets off property alarm bells in Hong Kong
The development fuelled market speculation as it may have profound effect on the city's property market and also affect around 25,000 Hong Kong workers living in Shenzhen, who make frequent ...
A combination of factors led to the rally in the Hang Seng index, says Goldman Sachs
Timothy Moe of the investment bank says the Hong Kong's Hang Seng was "ripe for any kind of recovery, rebound and short-selling covering" after it fell sharply recently. Bear market isn't over, but ...
‘The worst is behind us’: Hong Kong hosts top global bankers for finance summit
Hong Kong leader John Lee sought to drum up confidence in the city's future as a global financial hub on Wednesday, as he welcomed some of Wall Street's top executives to its biggest international ...
Hong Kong, struggling to revive hub status, sells ‘China advantage’ to global banks
Hong Kong and Chinese officials on Wednesday touted the city's connection to the world's second-largest economy as they looked to restore its reputation as a global financial hub after years of ...
What’s to blame for Hong Kong’s lacklustre real estate investment demand in Q3?
Only 20 deals worth HK$18.1b were transacted in the quarter. According to CBRE, commercial real estate investment volume (deals worth over HK$77 million, excluding pure land or related transactions) ...
Major banks are bullish on Hong Kong’s economy and China growth prospects
Major lenders are confident in the rebound of Hong Kong's and China's economy, even as China ramps up its Covid measures and a 4.5% drop in Hong Kong's GDP.
Hong Kong braces for Tropical Storm Nalgae
Schools and offices closed and some events were canceled in Hong Kong on Wednesday as Tropical Storm Nalgae swept past south of the city, while a finance conference meant to restore Hong Kong's image ...
Hong Kong halts trade as typhoon warning issued; Asia markets mixed ahead of Fed decision
A man is seen at the Victoria Harbour waterfront after the storm in Hong Kong, China on August 25, 2022. Hong Kong prepared for the arrival of the se ...
Hong Kong leader Lee touts ‘China advantage’ at banker summit
Hong Kong remains a top business hub, with key links to mainland China, the city's leader told a financial summit on Wednesday, in a bid to repair the damage done by strict COVID curbs and a ...