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Month: October 2023

Posted on 25/10/2023

Hong Kong seeks fresh economic edge while steeling security in policy blueprint

By Twinnie Siu and Clare Jim HONG KONG (Reuters) -Buffeted by years of upheaval and China's economic slowdown, Hong Kong's leader on Wednesday outlined his annual policy vision focused on ...

Posted on 25/10/2023

Nomura cuts about 10 investment banking jobs in Hong Kong – sources

Japanese investment bank Nomura Holdings has laid off about 10 of its Hong Kong-based investment bankers, including some who were focused on China-related deals, said two sources with direct knowledge of the matter.

Posted on 25/10/2023

Hong Kong’s leader says to create new national security law in 2024

Hong Kong leader John Lee said Wednesday that the semi-autonomous city would create its own national security law in 2024, four years after Beijing imposed sweeping legislation aimed at silencing dissent.

Posted on 25/10/2023

Hong Kong Targets Stock, Housing Taxes to Revive Role as Hub

Hong Kong is slashing extra stamp duties for some homebuyers and reversing a pandemic-era increase in stock trade levies as officials seek to boost the beleaguered property sector and revive the ...

Posted on 25/10/2023

HSBC, BNP Paribas Allegedly Engage in Naked Short-selling: S Korea Media

According the Korea Economic Daily, the two investment banks are the Hongkong and Shanghai Banking Corporation Ltd. (HSBC) and Bank BNP Paribas, respectively. The report added that this marks the ...

Posted on 25/10/2023

Hong Kong cuts taxes for foreign home buyers and stock traders as it seeks to maintain global status

Hong Kong’s leader has cut taxes for some homebuyers and stock traders to boost markets as the city seeks to maintain its reputation as a global financial hub ...

Posted on 25/10/2023

Hong Kong Cuts Housing, Stock-Market Taxes in Bid to Boost Global Standing

Hong Kong will cut taxes on home purchases and stock trades, part of efforts to revive its credentials as a financial hub and boost a struggling property market.

Posted on 25/10/2023

Analysis-China Holds the Key to Hong Kong’s Shrinking Stock Market

With a market value of around $4.3 trillion, Hong Kong is home to one of the top-ranked stock markets globally just behind those in the United States, Japan, China and Europe.

Posted on 25/10/2023

Hong Kong leader focuses on property and security in policy address

Hong Kong's leader focused on bolstering the property market and stabilising the ailing economy in his annual policy blueprint on Wednesday, while confirming new national security laws would be ...

Posted on 25/10/2023

Hong Kong is a mega corporation in need of a clear vision from John Lee

This is not about patriotism, re-education or marching in lockstep with the mother country. It is about practicality Hong Kong's bright future depends on understanding what lies ahead and seeing that ...

Posted on 25/10/2023

Hong Kong’s Strategic Play: Reducing Stamp Duty to Revive Finance Hub Status

In a global landscape where capital moves as fluidly as water, even minor adjustments can send ripples extending far beyond their initial impact. Such is the strategic reasoning behind the recent ...

Posted on 25/10/2023

Finnish police identify anchor from Hong Kong shipping boat as likely cause of Baltic pipeline damage

The damage caused to the Balticconnector gas pipeline between Finland and Estonia was likely the result of an errant anchor dropped from a Hong Kong-registered shipping vessel, the Finnish National Bureau of Investigation announced on Oct.

Posted on 25/10/2023

Hong Kong slashes stamp duties, easing property curbs for the first time in over 10 years

Hong Kong's lukewarm post-Covid economic recovery has been accompanied by sluggish residential transactional volumes in its once red-hot property sector.

Posted on 25/10/2023

Hong Kong Lowers Stock-Trading Tax to Revive Role as Hub

Hong Kong is slashing extra stamp duties for some homebuyers and reversing a pandemic-era increase in stock trade levies as officials seek to boost the beleaguered property sector and revive the ...

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