As a global financial hub, Hong Kong has a vested interest in shaping the development of CBDCs and especially the systems in which they will transact across borders. But the U.S. should be concerned ...
Financial confidence of Hong Kong’s ‘rising affluents’ takes a hit from inflation, market volatility: Charles Schwab
The proportion of affluent Hongkongers investing in overseas markets has nearly doubled this year, but inflation and market volatility are weighing on overall financial confidence, according to ...
Hong Kong just got a lot easier to visit, but still requires 2 COVID-19 tests
Americans can travel to Hong Kong more freely starting Wednesday. However, incoming travelers must still take two COVID-19 tests to visit, specifically a first test within 24 hours of departing for ...
Hong Kong market watchdog SFC to launch investor identification scheme in March
Hong Kong’s securities regulator will launch a new investor identification system in March next year, tightening oversight on trading activities in the market to reduce misconduct.
Hong Kong stocks advance as city removes all travel restrictions ahead of US inflation data, Fed rate decision
Hong Kong stocks rose as the city lifted all restrictions on inbound travellers. Meanwhile, investors await US inflation data due on Tuesday and the Federal Reserve’s meeting on interest rates later ...
Hong Kong’s Rising Affluents Focus on Diversification and Advice as Macro Challenges Weigh on Overall Financial Confidence
Charles Schwab, Hong Kong, Ltd. today announced the findings of its "Hong Kong Rising Affluent Financial Well-being Index 2022". Hong Kong's rising affluents' sense of financial wellbeing are most ...
Bank of China offers customers e-laisee to promote retail use of digital yuan in Hong Kong
Bank of China (Hong Kong) has taken the lead among lenders in the city to promote the use of digital yuan, offering a 100 e-CNY laisee to customers who register to use the digital currency.
Credit Suisse’s Greater China CEO to leave bank this week – memo
Carsten Stoehr, Credit Suisse's chief executive for its Greater China business, is leaving the bank, according to an internal memo seen by Reuters, as it undergoes a global overhaul with big layoffs.
BOC HK Offers Exclusive Experience of ‘e-CNY’
BOC HONG KONG (02388.HK) and BANK OF CHINA (03988.HK) announced that they will take the lead in offering e-CNY Exclusive Experience to customers in Hong Kong. Eligible customers ca... (HK stocks quote ...
Asian shares fall, dollar firms ahead of central bank rate hikes
Asian shares fell on Monday while the dollar drifted higher at the start of a hectic week, as markets awaited a flurry of rate decisions from the U.S. Federal Reserve, the European Central Bank and ...
Headed to Hong Kong? Don’t miss these unforgettable attractions
The major financial hub and entertainment is found in Central. This place located on Government Hill in Central Hong Kong, if filled with financial hub and entertainment. The Government House is not ...
BOC moves to plug leaks, stem smuggling under Senate probe
ACTING on the initiative of Senator Sherwin T. Gatchalian, the Senate starts this Monday its scrutiny into the alleged graft-ridden practices by the Bureau of Customs (BOC), enabling entry into the ...
Hong Kong jails pro-democracy media tycoon Jimmy Lai over fraud
Jimmy Lai's legal team earlier asked the UN to investigate his imprisonment and multiple criminal charges as "legal harassment" to punish him for speaking out.
Hong Kong pro-democracy media tycoon Jimmy Lai sentenced to 69 months in prison for fraud
A Hong Kong court on Saturday sentenced jailed media mogul Jimmy Lai to five years and nine months in prison for fraud, in the latest legal challenge against the pro-democracy tycoon.