FA spoke with industry players who explained how the city will roll the scheme out, and what still needs to happen.
Banks Poised to Seize More Buildings in Hong Kong, PwC Says
Banks are expected to take more enforcement actions on distressed buildings amid Hong Kong’s property market downturn, according to PricewaterhouseCoopers LLP.
Hong Kong rules out more virtual banks, citing need for ‘healthy development’ of sector
The HKMA considers that the current number of virtual banking licences is optimal and does not see any strong justification to introduce more new virtual bank players, CEO Eddie Yue says.
Hong Kong billionaire Yeung Kin-man buys 4 mansions worth $141M
Yeung Kin-man, founder of the world’s largest smartphone glass producer, has acquired 4 mansions in Hong Kong in an estimated HK$1.1 billion (US$141 million) deal.
Pilot sues Hong Kong’s Cathay, Haeco for alleged negligence over 2018 ‘cabin fume event’
Antonia Louise Zoya Anton, a former first officer, says she inhaled contaminated air while piloting a flight in 2018 ...
Hong Kong’s gold-winning fencer Vivian Kong to join Jockey Club to promote youth, sports
Gold medal-winning Hong Kong épéeist Vivian Kong Man-wai will join the city’s biggest charity group and oldest racing club to promote youth and sports development, the Post has learned. Kong, who ...
Heading to Hong Kong Food Expo? Here’s a taster on what to eat, see and visit
With more than 1,840 vendors and four special themed days, there is plenty to keep visitors to the five-day Hong Kong Food Expo occupied.
Beijing’s top man on Hong Kong says Xi Jinping’s letter ‘a call to action’ for business sector
In a rare move, Xi Jinping wrote a letter replying to Hong Kong business leaders who are descendants of pioneering Ningbo-born entrepreneurs in the city ...
Hong Kong’s push to attract special tech listings not making much headway
Hong Kong's push to attract more specialist technology companies to carry initial public offerings (IPO) has attracted just two firms to list in more than a year after regulators introduced new rules ...
HSBC hires former Blair adviser amid brewing China tensions
HSBC has hired a former senior adviser to Sir Tony Blair to help navigate the West’s growing diplomatic rift with China. David Quarrey, who has held a variety of UK government roles, is set to become ...
Hong Kong Digital Banks: HKMA Reports on Development of “Virtual Banks”
The Hong Kong Monetary Authority (HKMA) has issued an update on the development of digital banking or "virtual banks" (VB) in Hong Kong. The HKMA states that ...
Erhu player jailed for over 2 weeks for performing banned protest song ‘Glory to Hong Kong’
An elderly erhu player has been jailed for more than two weeks and had his instruments confiscated over what a court held was “obstinate” insistence on publicly performing the banned 2019 protest song ...
Spots you can’t miss on your next Hong Kong trip if you’re a fan of Filipino movies
When people think of Hong Kong, most imagine movies with famous high-rise buildings dominating the skyline. The area, which is widely known as Central, is the major business center and entertainment ...
Hong Kong couple jailed for 9 months each over failed murder-suicide bid with children
Judge says debt-ridden couple tried to burn charcoal three times in six hours while their two sons slept on November 5, 2021.