Hong Kong’s Securities and Futures Commission (SFC) has set the standards for Virtual Asset Service Providers (VASPs) “incredibly high.” The SFC wants the crypto industry to match the same compliance ...
Hong Kong restaurateurs, hoteliers predict slow business for Easter break as residents depart for more exotic locales
Hotel and catering industry leaders in Hong Kong are predicting slow business over the Easter long weekend, pointing to a surge in the number of residents heading overseas and the holiday not being ...
Hong Kong’s catering, retail sectors need 100,000 workers, industry heads say, backing imported labour plan despite union objections
Hong Kong last year suffered its biggest drop in the working population ... Simon Lee Siu-po, honorary fellow at Chinese University's Asia-Pacific Institute of Business, said income levels would ...
Malaysia to tap Hong Kong’s ESG maturity, global hub status to grow Islamic finance sector, Zafrul says
Trade minister Tengku Zafrul Aziz says Malaysia’s leadership in Islamic finance means it is well positioned to support Hong Kong’s interest in the sector.
HSBC bosses including CEO Noel Quinn urge Hong Kong shareholders to reject proposals to raise dividends, split Asia business
For the second time in eight months, UK-based HSBC chairman Mark Tucker and CEO Noel Quinn flew in to host an informal meeting alongside Hong Kong-based Asia-Pacific chairman Peter Wong Tung-shun with ...
Why Invest in Hong Kong
A highly dynamic city that serves as a gateway to Mainland China and Asia, Hong Kong is the ideal place for business in Asia. Hong Kong’s business-friendly environment, low taxes, rule of law, free ...
Lawmakers support Hong Kong plan to introduce safety net for policyholders faced with insurer collapse
Lawmakers showed their support for the Hong Kong government’s proposed compensation scheme aimed at protecting policyholders who would get up to HK$4 million (US$636,942) per policy in case an insurer ...
HSBC’s top execs face tense shareholders calling for a breakup
At an informal shareholder meeting in Hong Kong, Chairman Mark Tucker and CEO Noel Quinn took questions from investors on issues ranging from how the bank was approaching demands for an overhaul of ...
HSBC versus Asian shareholders: Bank’s chiefs warn Hong Kong investors against ‘risky’ break-up
as it sought to quieten shareholders’ discontent about the bank’s business model. At a meeting of investors in Hong Kong, Reuters reported that HSBC chair Mark Tucker warned a restructuring or ...
Hong Kong stocks retreat from three-week high as Micron probe heightens geopolitical risk
The investigation of Micron, the first ever into a foreign company by China’s internet regulator, may jeopardise a rally that drove the Hang Seng Index up by 3.1 per cent in the first quarter.
‘They wish to return home’: Hong Kong families stuck in queue to bury their dead in mainland China, as hearses can’t cross border yet
At least 200 bodies waiting to be buried, Post learns, and it will take months to clear the backlog Authorities on both sides trying to resolve issue, as the only border crossing for hearses remains ...
US crypto crackdown boosts Hong Kong’s DeFi ambitions – WSJ report
According to a WSJ report, Hong Kong’s attempt to attract crypto companies is getting help from an intensifying crackdown by American regulators. In recent years, the United States government has ...
Hong Kong monthly retail sales post biggest growth in 13 years
HONG KONG, March 31 (Reuters) - Hong Kong's retail sales posted ... article with image 7:56 AM UTC Businesscategory Kraft Heinz agrees to sell Russian baby food business, local buyer says, article ...
Hong Kong To Release 8 New Crypto Licenses By Year-End; City-Based Fund Raising $100M For Startups
Businesses that committed to the fund's first close are Sunwah Kingsway Capital Holdings Ltd. and Golin International Group Ltd. JUST IN: 🇭🇰 Hong Kong fund led by Ben Ng aims to raise $100 million ...