In an era where the digital economy and traditional financial systems are becoming increasingly intertwined, the Hong Kong Monetary Authority (HKMA) is taking proactive steps to establish a regulatory ...
Hong Kong stocks rise to their highest this year as buy-back hopes propel market
Hong Kong stocks were lifted by hopes more companies could launch share buy-backs to take advantage of the current market valuations.
China scrambles to prevent another big property developer going bust
Chinese banks are reportedly scrambling to bail out one of the country’s biggest property developers after its credit rating was downgraded to “junk” status by Moody’s on Monday.
Wharf sees more struggles ahead in Hong Kong, mainland China after reporting weak property sales, profit in 2023
China faces considerable domestic challenges, from a sluggish property market to weak consumer sentiment, Wharf says. After a poor result in 2023, more time is needed to revive the property markets, ...
Article 23: Hong Kong may tighten measures against ‘absconders’ after lawmakers say draft bill ‘too lenient’
The Hong Kong government plans to amend a draft bill for the city’s new domestic security law to tighten measures against “absconders,” after lawmakers said the existing proposal was “too lenient.” ...
SoftBank-Backed Used-Car Startup Carro Drives Into Hong Kong With Acquisition
Carro, a Singapore-based online used-car marketplace, has expanded into Hong Kong with the acquisition of a local smaller peer to bet on the city’s growing electric vehicle adoption. Carro announced ...
Hong Kong’s Central Bank Starts Regulatory Sandbox for Stablecoin Issuers
The regulator invited applicants with a "genuine interest in developing a stablecoin issuance business" to join the sandbox.
China’s crackdown is damaging Hong Kong’s economy
The Chinese city is set to widen a Beijing-imposed security law that could cause more multinationals to flee. Is Hong Kong's role as a gateway to China over?
Over 70 Hopeful Startups Primed for Hong Kong Mega Event of EPiC 2024 Grand Finale
With the final stop of semi-final contest at Stuttgart, four-city world semi-final series for EPiC 2024 global pitching contest completed and over 70 semi-finalists were selected“Best-of-the-best” ...
Hong Kong stocks rise 3% to lead gains in Asia; Nikkei extends slide
Japan's corporate inflation rate for February rose to 0.6%, beating the 0.5% expected by economists polled by Reuters and climbing from January's figure of 0.2%.
HSBC Life tops Hong Kong’s insurance industry in Q32023
HSBC Life premiums amongst the biggest market share contributors. The Insurance Authority released the Q32023 provisional statistics of the Hong Kong insurance industry. According to data, HSBC Life ...
Hong Kong stocks jump more than 3%
Hong Kong stocks rallied more than 3 percent on Tuesday thanks to heavy buying in tech giants. The Hang Seng Index surged 3.1 percent, or 505 points, to 17,093. The Shanghai Composite Index shed 0.4 ...
Alibaba’s media arm to invest HK$5 billion in Hong Kong’s entertainment sector over 5 years
Chinese multinational technology giant Alibaba has pledged to inject HK$5 billion into Hong Kong’s entertainment sector to finance promotion to an international audience. Hong Kong-made television ...
Smart mobility transformation of Hong Kong’s transportation system is on track
With robust backing by the Hong Kong Government, the city is set to transform its transportation system and promote overall sustainability by adopting innovative technologies.