Hong Kong aims to cut the waiting for public housing to 4.5 years from 5.6 years with the initiative. Read more at straitstimes.com.
Hong Kong Seeks to Revive Crypto Sector Wrecked by FTX Debacle
Hong Kong is sticking with a plan to become Asia’s digital-asset capital despite the industry’s tarnished reputation, a stance drawing tentative interest from bruised crypto firms looking for paths to ...
Golf Course or Housing? A Patch of Green Divides Hong Kong
The dispute over the city’s golf club exposes rare political friction for the elite in the new Hong Kong, where the establishment is torn between defending wealth and following Beijing’s wishes.
Hong Kong stocks sink after rapid new year rally while China’s onshore market enters bull territory on Goldman upgrade
Stocks in Hong Kong slumped amid overheating concerns after rapid gains this year. Chinese stocks entered bull-market territory before surrendering some of the gains in the post-Lunar holiday rally.
Hong Kong’s Exchange Fund posts record US$25.8 billion loss after an ‘exceptionally volatile’ year, HKMA says
The loss far surpasses the previous worst annual decline of US$9.6 billion in 2008 for the war chest that defends the Hong Kong dollar from attacks by short-sellers.
Hong Kong carriers forced to cancel 150 flights to Japan as country restricts number of planes arriving from city
Cathay Pacific and HK Express will each scrap up to 15 flights per week between February 3 and March 2 to comply with Japanese government’s restrictions.
Hong Kong’s Sovereign Wealth Fund Suffers Record Loss
Hong Kong's half-trillion-dollar investment fund set up to defend the financial hub's currency has suffered its largest loss on record of more than HK$200 billion ($25 billion), authorities said ...
Hong Kong’s ‘Dangerous Drug’ CBD Ban to Begin
In a starkly different approach from the U.S. and many other places around the world, Hong Kong moved to ban CBD and categorize it as a dangerous drug last October, and the ban begins on Wednesday.
Hong Kong’s Exchange Fund records HK$202.4 billion 2022 investment loss, outlook uncertain
HONG Kong’s Exchange Fund, which is used to back the Hong Kong dollar, reported an investment loss of HK$202.4 billion (S$33.9 billion) in 2022, the Hong Kong Monetary Authority (HKMA) said on Monday ...
Pandemic pushes digital banking in China, HK
Over the past 12 months, mobile banking apps and online banking were the most-used channels, across different age groups and asset levels, note two reports published by Bain & Company, namely "How to ...
No protest rallies approved in 3 years due to ‘health’ concerns, say Hong Kong security chief
Hong Kong authorities have not approved any demonstrations in three years because of Covid-19 health concerns, the city’s security chief has said. Secretary for Security Chris Tang said in a recent ...
Hong Kong’s recovery gets off to a solid start in 2023
VCG. Hong Kong's economic recovery has got off to a solid start with the reopening of the border with the Chinese mainland and adjustment of COVID-19 response. A ...
Hong Kong Exchange Fund reports worst year on record in 2022 as it lost US$25.8 billion amid ‘perfect storm’, HKMA says
The loss far surpasses the previous worst annual decline of US$9.6 billion in 2008 for the war chest that defends the Hong Kong dollar from attacks by short-sellers.
Patients behaving strangely: Hong Kong doctors report people chasing Covid antivirals, collecting for many ‘family members’
Some people in Hong Kong have been acting suspiciously to get their hands on Covid-19 antiviral drugs, the Post has learned, with one person going to six doctors in a single day asking for the same ...