HSBC is a strong supporter of Hong Kong’s start-up ecosystem, home to some 800 fintech companies. In addition to sponsoring various pitch programmes that provide start-ups with the chance to secure ...
Hong Kong keeps base rate steady at 5.75%, giving businesses, homeowners a leg up while city’s economy regains strength
The Hong Kong Monetary Authority (HKMA) maintained its base rate at 5.75 per cent on Thursday, according to statement from the de facto central bank. Hours earlier, the Fed left its target rate in the ...
Signal: Hong Kong leading the charge on digital currency after pilot
Hong Kong’s Monetary Authority (HKMA) yesterday (30 October) released the Phase 1 Report for its e-HKD Pilot Programme, with promising results. The programme, which began in May of this year, is ...
North Korea Close Embassies in Spain, Hong Kong, and Africa as Sanctions Deepen Financial Woes
North Korea is closing several embassies, including those in Spain, Hong Kong, and multiple African countries, as a result of financial struggles caused by international sanctions. This move, which in ...
Visa completes digital Hong Kong dollar pilot test with local banks
Payment processor Visa has completed the Hong Kong Monetary Authority's central bank digital currency (CBDC) Pilot Programme with HSBC and Hang Seng Bank. According to the November 1 announcement, the ...
Chinese arrivals replace Hong Kong exodus. For them, the city is still freer than the mainland
The exodus of tens of thousands of professionals from Hong Kong triggered by a crackdown on its civil liberties is being offset by new arrivals: mainland Chinese keen to move to the former British ...
Hong Kong property in double trouble after government rejects bids for Tung Chung site, deal flow in Oct at 7-year low
The Hong Kong government rejected all four tenders for a residential site, as they "did not meet the government's reserve price for the site" Hong Kong's property transaction volumes in October fell ...
China Critics Condemn Biden’s APEC Invite to Hong Kong
Human rights leaders are taking strong exception to the Biden administrations decision to invite a member of the Hong Kong government to attend an ...
Hong Kong student group alleges attempted forced entry of properties amid lawsuit over ownership
The Hong Kong Federation of Students (HKFS) has filed a police report after suspecting that a group of unknown men had tried to forcefully enter two of its properties. The alleged forced entry took ...
Hong Kong stocks slip as ICBC leads slump among Chinese banks amid earnings, credit risks in property market
Hong Kong stocks fell, led by losses in mainland China’s biigest lenders including Bank of China and Industrial and Commercial Bank of China (ICBC) amid concerns about their loan exposure to the ...
Beijing’s crackdown fails to dim Hong Kong’s luster, as talent scheme lures mainland Chinese
The exodus of tens of thousands of professionals from Hong Kong, triggered by Beijing’s crackdown on its civil liberties, is being offset by new arrivals: mainland Chinese keen to move to the former B ...
ZA Bank opens operating account for OKX Hong Kong, In collaborative effort to support Hong Kong’s Web3 development
ZA Bank, Hong Kong's No.1 virtual bank[1], and OKX, a leading global virtual asset exchange and Web3 technology company, today announced that the bank has opened an operating account for OKX Hong Kong ...
DBS Rents Hong Kong Retail Space at 18% Lower Than Asking Price
DBS Group Holdings Ltd. clinched a deal to rent retail space in Central’s New World Tower for 18% less than the asking price, according to a person familiar with the matter.
Kurt Tong Critiques US Perception of Hong Kong, Warns of Threats to Information Flow
Kurt Tong, former US consul general to Hong Kong, delivered a stinging critique of American perception of Hong Kong, bemoaning the thin awareness and understanding that persists in the US. Speaking at ...