Aggressive Construction Company has now lost all six of its projects despite obtaining temporary court order to lift ban on its licence.
Seeking out ‘soft resistance’ will harm Hong Kong artists, prominent playwright says after minister’s warning of scrutiny
Actively looking for “soft resistance” will harm Hong Kong artists and their works, prominent playwright Candace Chong has said, after a minister vowed to scrutinise event subsidies and performance ...
Hong Kong’s New World Development ‘actively engaged’ with creditors on loan refinance
Hong Kong's New World Development is actively negotiating with creditors to refinance substantial loans amidst growing concerns over its high debt ratio, potentially indicating a crisis in the ...
China’s Mainland-Hong Kong Payment System Launch Sparks Fintech Stock Rally
The People's Bank of China and the HKMA launched the Payment Connect yesterday, according to the HKMA's recent press release. The system links the mainland’s Internet Banking Payment System (IBPS) ...
Hong Kong, China launch Payment Connect for faster cross-border payments
Supported services include instant remittance services, amongst others. The central banks of Hong Kong and China have pushed forward Payment Connect, which sees in their clearing centres cooperate to ...
Hong Kong’s New World downplays debt-deal rumours as analysts see path out of crunch
Government rhetoric about bank leniency towards developers is ‘favourable’ for the debt-laden company, Morningstar analyst says.
Hotel-to-student hostel conversions won’t hurt tourist capacity: Hong Kong official
Hong Kong’s move to repurpose excess office and hotel spaces to meet the growing housing needs of non-local students will not hurt the city’s tourism capacity, a senior official has said, while a ...
Montage is said to hire banks for US$1 billion Hong Kong listing
HONG KONG] Chinese chip designer Montage Technology has hired banks for its planned Hong Kong listing that could raise about US$1 billion, according to sources familiar with the matter. Read more at ...
Sanhua shares fall in Hong Kong debut, first drop in 2025’s club of billion-dollar IPOs
Trading under the code 2050, the stock began trading at HK$20.95, 7.2 per cent lower than its offer price of HK$22.53.
Hong Kong must grow despite persistent US-China trade tensions: Paul Chan
City's finance chief outlines efforts to diversify economy and wants Hong Kong to overtake Switzerland as world's biggest wealth management centre Challenges and volatility will persist despite a ...
Hong Kong to keep expanding land bank, but not to offset deficit: Paul Chan
Finance chief also says government will address plans to build artificial islands off Lantau waters at later stage, despite calls to halt project Hong Kong will press on with building up its land bank ...
HK takes lead in stablecoin regulation as China explores a digital future
While issuing a renminbi-backed stablecoin is not yet feasible given the current legal framework, Hong Kong's ordinance can serve as a regulatory pilot, offering insights for the central government in ...
Adding up the cost of US tariffs on young entrepreneurs in Hong Kong
But in the past few months, the 19-year-old’s business, Sababu Socks, has felt the effects of the US trade war with China. According to Lee, about 30 per cent of his customers are from the United ...
Bets on Hong Kong hotel assets jump as distress, tourism rebound lure investors
Hotel deals made up 45 per cent of commercial real estate transactions in the first three months of the year, the busiest quarter on record.