In times of war, political turmoil and rising taxes, the country’s stability and geopolitical neutrality — combined with its strict adherence to banking discretion — supported a thriving and ...
Hong Kong cuts liquor tax in effort to reignite its nightlife industry
HONG KONG (AP) — Hong Kong’s leader announced a cut to liquor tax Wednesday as the Asian financial hub hopes to revive its reputation as a travel destination with a vibrant nightlife and dining scene.
Hong Kong leader focuses on livelihood issues, positioning HK as global hub
Hong Kong's leader kicked off his annual policy address on Wednesday with pledges to reform shortcomings including a pledge to reduce wait times for public housing as authorities try to bolster their focus on people's livelihoods.
Hong Kong Stocks Surge Amid China’s Property Market Developments
Hong Kong shares rose on Wednesday as investors anticipated a government briefing about China's struggling property sector. The CSI300 Index and the Shanghai Composite Index showed mixed performance, ...
Intel-Backed Horizon Robotics Seeks Up to $696 Million in Hong Kong IPO
Horizon Robotics, a Chinese provider of software and hardware used in autonomous driving systems, is aiming to raise as much as HK$5.4 billion ($696 million) in its Hong Kong initial public offering, ...
Hong Kong Economy Set to Be Focus of John Lee’s Policy Speech
Hong Kong’s leader is expected to lay out a policy agenda focused on boosting the city’s economy during his third annual address on Wednesday, including a potential cut to a liquor tax.
Hong Kong to rename ‘virtual banks’ to ‘digital banks’
The bank will set-out new guidelines shortly. The Hong Kong Monetary Authority (HKMA) will proceed with amending its guidelines on virtual banks and rename them into digital banks. In an announcement, ...
HSBC probes its China Pinnacle wealth business; move could see layoffs, sources say
The bank is also looking at salary structures and probing whether suppliers inflated expenses. Read more at straitstimes.com.
Hong Kong court hits Russian bank with anti-suit injunction
The Hong Kong Court of First Instance has restrained a Russian state-owned bank from pursuing litigation in St Petersburg against its German subsidiary in defiance of an HKIAC arbitration clause.
Hong Kong man faces life imprisonment for ‘exorcism’ murder of mentally disabled woman
Jury finds Dunsany Cheung intended to cause grievous harm to his victim when he hit her head against a wall and forced alcohol down her throat.
Woman pleads guilty to turtle-smuggling scheme
Wan Yee Ng, 41, was arrested on the morning of June 28 at an Airbnb in Canaan as she was about to get into an inflatable kayak with a duffle bag on Lake Wallace.
Make it easier for Hong Kong-based mainland Chinese talent to move money from China, pro-Beijing party urges
Authorities should lower the threshold for Hong Kong-based mainland Chinese talent to move their capital from mainland China to the city, a pro-Beijing party has urged as growing numbers of ...
Behind the scenes: Inside Midea’s mega Hong Kong IPO
In a deal that has reshaped Hong Kong’s IPO landscape, China’s home-appliance giant Midea successfully raised $4.6 billion in September, marking the city’s largest offering in years. From showcasing ...
Hong Kong Housing Market Benefits from Mainland China Policy Stimulus
Recent rate cuts and rising stock prices offer positive news for Hong Kong's property market. However, the weak economy and cautious pricing from developers persist.