Fitch Ratings has maintained Hong Kong’s “AA-” credit rating and “stable” outlook, which the government has said is a reflection of the city’s strong financial position.
Hong Kong university offers unconditional admission to Harvard students
The move appears to reflect the policy of the semiautonomous Chinese region to attract talent. Read more at straitstimes.com. Read more at straitstimes.com.
Hong Kong to spend HK$300 million on flood-control steps to protect from megastorms
Authorities outline strategies and facility upgrades to better protect city from extreme weather events such as super typhoons and flooding that hit in 2023.
More companies, including some from Singapore, eye listings in Hong Kong
Singapore biotech firm Mirxes began trading in Hong Kong on May 23 at a valuation exceeding US$1 billion. Read more at straitstimes.com. Read more at straitstimes.com.
Hong Kong passes stablecoin bill as more governments recognize the digital assets
Hong Kong has passed a stablecoin bill to expand its cryptocurrency licensing regime as more governments recognize the digital assets.
Xpeng’s Hong Kong shares have gained nearly 80% this year. The rally is far from over, analysts say
The company is a key player in China's hypercompetitive EV market, but has struggled to turn a profit amid rising competition and sluggish domestic demand.
Hong Kong public schools face ‘alarming’ 10% cut in grant amid city’s budget deficit
Hong Kong’s public primary and secondary schools will experience a 10 per cent reduction in government funding for the upcoming academic year. Some industry stakeholders have described these cuts as ...
Hong Kong Ramps Up Tax Checks on Private Equity, Venture Funds
Hong Kong authorities are intensifying tax checks of private equity and venture funds as the Asian financial hub faces pressure to plug deficits.
Some Hong Kong reporters and news outlets are targeted by unwarranted tax audits, media group says
A media group in Hong Kong says tax authorities have targeted at least 20 people, including journalists, current or former heads of media organizations and their families, with audits without ...
Hong Kong passes stablecoin bill, one step closer to issuance
Hong Kong's legislature passed a stablecoin bill on Wednesday that establishes a licensing regime for fiat-referenced stablecoin issuers in Hong Kong, providing regulatory clarity for upcoming ...
Hong Kong’s Beleaguered Journalists Say Their Taxes Are Now Under Scrutiny
Several news outlets have been unreasonably subjected to tax investigations, according to the city’s journalists’ association, adding to pressures on press freedom.
New World drags Hong Kong banks into a loan tango
The developer wants to refinance $11 bln of loans but CEO Echo Huang has yet to reverse a 4-year revenue slump. Lenders including HSBC must weigh up the money-losing borrower's problems against the ...
Hong Kong Dollar Falls Toward Weak End of Band on Carry Allure
The Hong Kong dollar edged closer to the weak end of its trading range as sliding local interest rates encouraged traders to increase their borrowing of the currency to fund carry trades.
News in Easy English: Disaster manga causes Hong Kong visitors to worry about Japan trips
Many people from Hong Kong now feel afraid of visiting Japan. This worry comes from an old manga book made in 1999. Some people think the man