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Category: BUSINESS

Posted on 02/08/2025

Hong Kong prepares to celebrate 100 days to National Games with cycle ceremony

City’s leader John Lee to launch event at Velodrome, with co-hosts Macau and Guangzhou already in spirit of things.

Posted on 02/08/2025

Purr-fect day for Hong Kong pet owners as cat expo opens

The three-day Hong Kong Cat Expo, which has been held annually since 2023, features more than 180 exhibitors and 380 booths at the Convention and Exhibition Centre in Wan Chai, with some reporting ...

Posted on 01/08/2025

Hong Kong raises $1.5 billion in July as new stablecoin rules take effect

Hong Kong’s new Stablecoin Ordinance came into effect on August 1, with fintech firms raising $1.5B in July as investors adapt to strict licensing rules.

Posted on 01/08/2025

Hong Kong court freezes US$1.8 billion HSBC account as Wahaha inheritance battle unfolds

The three extramarital children of the late Wahaha founder Zong Qinghou sued their half-sister Kelly Zong Fuli over the inheritance.

Posted on 01/08/2025

Star Entertainment Group facing $41m payment to Hong Kong investors as sale of Brisbane Queen’s Wharf precinct collapses

Star Entertainment Group faces a raft of hefty costs after a deal to sell its share of its Brisbane casino and consolidate its Queensland operations to its Gold Coast blew up.

Posted on 01/08/2025

HKMA’s strict stablecoin regime to shape Hong Kong’s crypto future

Observers surprised after the city’s de-facto central bank says it plans to issue the first batch of licences early next year.

Posted on 01/08/2025

Hong Kong Q2 GDP expands 3.1%, faster than forecast

Hong Kong's economy grew a faster-than-expected 3.1 per cent year-on-year in the second quarter, official advance estimates showed on Thursday, expanding for a tenth quarter.That was a faster rate ...

Posted on 31/07/2025

Wuxi AppTec raises US$981 mn in Hong Kong offer amid growing appetite for Chinese biotech

WuxiAppTec raised HK$7.70 billion (US$981 million) in a sale of additional shares to fund its global expansion.

Posted on 31/07/2025

New Hong Kong report useful but investors will do their own research, experts say

Economist says government business report is a positive force to help the public understand the true situation in Hong Kong.

Posted on 31/07/2025

Hong Kong shows strong competitiveness, emerges with new strengths: report

As an important node in the domestic and international dual circulation of China, Hong Kong will continue to enhance regional and international cooperation. The region will actively participate in and ...

Posted on 31/07/2025

Hong Kong leaves base rate unchanged at 4.75% as US Fed keeps eyes on inflation pressure

Under a currency peg known as the Linked Exchange Rate System, Hong Kong’s monetary policy has moved in lockstep with the Fed’s since 1983. The HKMA followed the Fed by cutting its base rate three ...

Posted on 31/07/2025

Hong Kong Cryptocurrency Regulations 2025: Licensing, Stablecoin Rules, Compliance & Penalties

Crypto exchanges, custodians, and stablecoin issuers must be licensed under either the SFC’s VASP regime or the HKMA’s new Stablecoin Ordinance effective August 2025. Businesses ...

Posted on 30/07/2025

Hong Kong Property Downturn Stings HSBC

The London-based bank reported a drop in second-quarter net profit and said it plans to initiate a share buyback of up to $3 billion.

Posted on 30/07/2025

How a Chinese Brand Reshaped Hong Kong’s Food Delivery Scene

Meituan, the Chinese food delivery giant, tested its global expansion in Hong Kong, where its Keeta service displaced a rival before moving to other markets.

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