Financial technology startup Micro Connect – backed by the likes of Hong Kong property tycoon Adrian Cheng and billionaire Li Ka-shing – will roll out its flagship exchange platform Saturday in Macau.
Hong Kong government announces measures to lure wealthy family offices
Hong Kong's government announced a series of measures on Friday to attract wealthy family offices to set up in the financial hub as authorities try to restore business confidence and investor allure ...
Hong Kong firefighters battle warehouse blaze in densely packed Kowloon
HONG KONG (Reuters) - Hong Kong firefighters battled to control a blaze at a warehouse in the city's bustling Kowloon district on Friday, with smoke billowing out from windows and engulfing the white ...
Hong Kong hidden protesters artwork taken down
A digital billboard artwork in Hong Kong which included secret references to local dissidents has been removed. The No Rioters piece by US artist Patrick Amadon had been displayed the past week on the ...
No Rioters: Hong Kong megastore self-censors art with hidden ‘political content’
Patrick Amadon, whose work flashed up names from pro-democracy protests, says ‘it did have to get taken down, I feel like, to be a completed piece’ ...
Hong Kong property heir buys luxury home for $10.1m
HONG KONG – Property heir Douglas Woo bought an apartment in an upscale area of Hong Kong for HK$59.8 million (S$10.1 million) at a time when the city’s luxury market is just picking up as the border ...
Bank of China HK’s prime, savings deposit rate unchanged
Bank of China (Hong Kong) said that its Hong Kong Dollar prime rate and savings deposit rate will remain unchanged. Savings accounts with a daily account balance of HK$1m or above will enjoy an ...
Wealth managers ramp up staff in Hong Kong to chase Chinese demand
To tap such rapidly growing demand from mainland investors, HSBC Bank launched a pilot program to keep three Hong Kong branches, including wealth management centres, open seven days a week. The Hong ...
Hong Kong stocks trim weekly advance as HSBC, Meituan, builders stumble amid contagion alert, Fed outlook
Stocks are still on course for the first back-to-back weekly advance since January as money managers reload their funds Central banks continue to guard against a banking crisis after recent failures ...
Tencent, Alibaba lead Hong Kong stock gains on earnings tonic while HSBC erases drop as banks hold rates after Fed, HKMA act
The HKMA lifted its base rate to a 15-year high, while commercial lenders like HSBC are expected to hold their prime rates, most analysts predicted Tencent's fourth-quarter earnings surpassed market ...
HKMA CEO: Global banking crisis averted, but banks and regulators must stay vigilant for more volatility
The situation has largely stabilised, but central bankers still need to watch for spillover effects, HKMA CEO says Hong Kong has 'very limited' exposure to the banks in the news, Eddie Yue Wai-man ...
HK unaffected by US, Europe banking crises: HKMA head
Hong Kong Monetary Authority chief Eddie Yue says banking sector turmoil in the United States and Europe is having very little impact on Hong Kong. The industry has been rattled by the collapse this ...
Hong Kong Property Heir Pays Low Tax on $7.6 Million Luxury Home
Hong Kong property heir Douglas Woo bought an apartment in an upscale area for HK$59.8 million ($7.6 million) while reportedly paying the stamp duty rate reserved for first-time home buyers. The ...
Outlook for Hong Kong’s property market bright as end of interest rate increases in sight, analysts say
The border reopening with mainland China is also boosting the confidence of investors to snap up property as an economic recovery is also likely to bolster demand for homes in Hong Kong. A rising ...