Total value of residential properties in Hong Kong stood at HK$8.99 trillion (US$1.15 trillion) in January compared with HK$9.5 trillion before the easing The removal of property curbs a year ago has ...
February Global Regulatory Brief: Green finance
The financial sector continues to face new rules and government expectations as part of the broader effort to aid the green transition.
Beijing allows Hong Kong banks to issue credit cards on mainland from March 1
The new rules will benefit lenders such as HSBC, Standard Chartered, Bank of East Asia and Hang Seng Bank, analysts say.
Hong Kong’s largest pro-democracy party takes initial step toward disbanding
Hong Kong’s largest pro-democracy party took an initial step toward dissolving on Thursday. Hong Kong’s Democratic Party’s chairperson Lo Kin-hei said in a news conference that the party's central ...
Hong Kong’s last major pro-democracy party moves to disband
Hong Kong's Democratic Party said late on Thursday it would start preparations to disband and wind up its affairs after a meeting of its leadership, amid a years-long national security crackdown in ...
Hong Kong director Jun Li’s pro-Palestine speech in Berlin sparks German probe
Investigation launched after Li reads out speech by Iranian actor starring in his latest film, calling for free Palestine.
Hong Kong Shares End Lower, Weighed by Tech Stocks
Hong Kong shares ended lower, potentially due to profit-taking to lock in recent gains as focus returns to macroeconomic risks.
Hang Seng Bank profits up 3% to HK$18.38b in 2024
Earnings per share is HK$9.33; whilst total dividend is HK$6.8. Hang Seng Bank saw its profit attributable to shareholders rise by 3% year-on-year (YoY) to HK$18.38b for the whole year of 2024, its ...
MANTRA Launches Program for Real-World Asset Startups With Google Cloud Support
Layer 1 blockchain MANTRA has launched a startup accelerator program aimed at advancing the tokenization of real-world assets (RWAs), with backing from Google Cloud. The initiative, dubbed ...
Will Hong Kong’s property slump force it to raise taxes?
Hong Kong’s economy expanded just 2.5 per cent in 2024, and UBS has forecast 2 per cent growth this year. US President Donald Trump’s additional 10 per cent tariff on Chinese exports — which is set to ...
Hong Kong banks face rising risks amid prolonged property slump, Moody’s warns
Moody’s highlights the potential for higher loan-loss provisions and a tightening of credit lines, particularly for smaller developers.
Eternal Beauty Struts Its Stuff As Hong Kong’s Newest IPO Contestant
Eternal Beauty has filed for a Hong Kong IPO, reporting its profit rose 20% year-on-year in the first half of its current financial year The perfume seller plans to use funds from the listing to furth ...
HSBC hit by fresh Hong Kong row: Bank accused of ‘shrugging its shoulders’ in the face of Chinese oppression
Boss Georges Elhedery (pictured) appeared to play down concerns over the blocking of pension savings from UK nationals who have fled Hong Kong.
China offers Hong Kong visas to wealthy Chinese in bid to stabilize the city
The Special Administrative Region has developed a program to attract new residents, the majority of them from mainland China – who lack the liberal culture and tradition of the locals.