Finance chief Paul Chan says authorities will closely monitor property market and act accordingly He adds no need to levy new taxes as revenue from land sales is expected to increase after removal of ...
Hong Kong’s largest bitcoin ETF assets up five-fold since October
Hong Kong's largest bitcoin futures exchange-traded fund saw its assets under management swell five-fold in the past five months to just over $100 million, as local investors chased the rally in the ...
HSBC Life Hong Kong issues most expensive life insurance policy
The Hong Kong insurer has issued policies worth at least US$50m over the past year. HSBC Life Hong Kong has set a new Guinness World Record by issuing the most valuable life insurance policy ever sold ...
Hong Kong finance chief defends monthly HK$1 million fireworks after pushback from residents
Hong Kong’s finance chief has defended plans for monthly fireworks shows that would cost HK$1 million each and are intended to entice tourists to stay longer in the city. Responding to residents in a ...
Hong Kong exchange’s 2023 profit misses forecast as new listings, trading income sags
HONG KONG, Feb 29 (Reuters) - Hong Kong's bourse operator on Thursday ... reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to ...
Hong Kong’s plan for new national security law triggers civil liberty fears
As Hong Kong moves toward enacting a new national security law, four years after Beijing imposed a similar law that all but wiped out dissent and vocal pro-democracy media in the semi-autonomous ...
Guinness World Records: HSBC Life clinches title with US$250 million insurance policy sale in Hong Kong
The policy sale to an Asian customer handily surpasses the US$201 million cover bought by a tech billionaire in California in March 2014 Policy sale shows Hong Kong's rise as a leading ...
Hong Kong sets global benchmark in virtual asset regulation
Hong Kong’s Financial Secretary, Mr. Chan Mo-po, has announced the launch of a ‘regulatory sandbox’ for stablecoin issuers as part of the 2024 budget. This initiative marks a pivotal step in the ...
Hong Kong government says ditching restrictions on property sales will not lead to overheated market or encourage speculation
Financial Secretary Paul Chan says property market conditions have changed since cooling measures were introduced about a decade ago.
Hong Kong budget 2024-25: city delays Lantau Island reclamation project, orders all departments to tighten belts
In ‘a fiscal consolidation programme’, finance chief’s budget lists steps to cut expenditure in areas ranging from infrastructure to transport to civil service.
Hong Kong moves towards tougher security law despite concerns
A public consultation period for a new Hong Kong national security law closes on Wednesday amid concerns that the legislation, which authorities want to put in place soon, will further erode freedoms ...
Chabaidao Joins Hong Kong IPO Tea Party
Chabaidao’s revenue grew 34.8% to 5.7 billion yuan in 2023, as the company has been consistently profitable over the last three years The premium tea chain operator plans to keep growing through ...
Hong Kong budget 2024-25: innovation sector gets HK$24 billion investment boost to drive tech economy
Financial Secretary Paul Chan announces raft of innovation and technology initiatives with various funding schemes to foster vibrant and diversified economy One key budget initiative is launch of ...
Hong Kong finance chief offers budget to restore city’s fiscal health, look for new revenues and growth while axing property curbs in surprise move
Financial Secretary Paul Chan surprises market by going for a complete removal of all property cooling measures with immediate effect Chan also introduces a more targeted tax for the rich, in line ...