Fund managers see opportunities, with Chinese authorities promising measures to stop a long-term outflow of money from one of Asia’s biggest stock markets.
Hong Kong finance secretary vows to even out economic recovery through better market conditions, boost to consumer confidence
Hong Kong’s economic fightback has had varying success across different sectors, despite an improvement in the property and stock markets after cooling measures were ditched, the financial minister ...
Hong Kong needs to start decarbonising its buildings. Here’s how
The EU’s net-zero plan for buildings is a good model. For a start, Hong Kong needs a mandatory energy label for buildings as a basis, and a combination of information, incentives and regulation to suc ...
How elaborate deepfake scam duped finance worker into paying out $25 million
The employee attended a video call with people he recognized as the chief financial officer and other corporate officers — but who turned out to be deepfake creations.
Raytech Holding Limited Announces Closing of $6 Million Initial Public Offering
Raytech Holding Limited (the “Company” or “RAY”), a Hong Kong-headquartered company specializing in design, sourcing and wholesale of personal care electrical appliances for international brand owners ...
Hong Kong e-CNY pilot expands: residents can open digital-yuan wallets and top up via FPS, no mainland account required
The move aims to expand the scope and scale of a cross-boundary pilot of the Chinese central bank digital currency that the HKMA has been conducting, along with the People's Bank of China (PBOC), ...
Hong Kong Expands Cross-Border Digital Yuan Trial, Allows Residents to Set Up E-CNY Wallets
The Hong Kong Monetary Authority (HKMA) and the Peoples Bank of China (PBOC) expanded the scope of their cross-border digital yuan pilot to allow the use of e-CNY wallets by Hong Kong residents.
Hong Kong Govt Expects Economy to Grow Rest of Year After Slow First Quarter
By Tracy Qu and Fabiana Negrin Ochoa Revised estimates confirmed that Hong Kong's economy expanded slowly at the start of the year, but officials continue ...
Elon Musk Deepfake Scam Used To Promote Fraudulent Crypto Trading Platform, Hong Kong’s Financial Regulator Warns
Warning issued about fraudulent cryptocurrency platform using deepfakes of Elon Musk to scam victims, highlighting growing use of AI fraud in Asia.
UK multinational Arup confirmed as victim of HK$200 million deepfake scam that used digital version of CFO to dupe Hong Kong employee
An employee in the Hong Kong branch’s finance department had received a phishing message in mid-January that appeared to be from the company’s CFO based in the United Kingdom saying a secret ...
Hong Kong expects tourism to drive further economic growth this year, as GDP rises 2.7% in first quarter
Following Xia’s comments, Beijing announced the next day it would allow solo travellers from eight more mainland cities to visit Hong Kong. Financial Secretary Paul Chan Mo-po said in his weekly blog ...
Hong Kong Officially Launches Digital Yuan Payments Pilot
Hong Kong launched a pilot program enabling digital yuan payments through major Chinese banks, the first example of China’s currency project being deployed beyond the mainland.
Top HSBC shareholder Ping An will retain investment in bank, source says, amid sale talk
Ping An Asset Management, HSBC Holdings PLC's largest shareholder, will continue to hold its investment in the Asia-focussed lender, a source close to the Chinese fund manager said on Friday, after ...
Hong Kong stocks head for fourth straight week of gains driven by Baidu, JD.com results, policy support hopes after China data
Hong Kong stocks were lifted by signs corporate earnings may have bottomed out, and hopes of policy support after patchy economic data.