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Posted on 02/05/2024

Hong Kong holds rate as Fed signals inflation concerns

THE Hong Kong Monetary Authority (HKMA ... a decision expected by all economists surveyed by Bloomberg. The Asian finance hub’s monetary policy moves in lock-step with the US as the local currency is ...

Posted on 02/05/2024

Hong Kong – New Capital Investment Entrant Scheme.

The (New CIES) started accepting applications on 1 March 2024 after the Hong Kong government announced detailed rules. Eligible persons with HK$30 million (or equivalent) in net assets may apply with ...

Posted on 02/05/2024

Asian stocks skittish as rate fears persist; Hong Kong up on property cheer

Investing.com-- Asian stocks were a mixed bag on Thursday as fears of U.S. interest rates remaining high for longer remained in play, although the Federal Reserve did downplay any expectations for ...

Posted on 02/05/2024

Hong Kong virtual lender ZA Bank eyes retail services for digital assets as new regulations come into effect in June

Hong Kong's largest virtual bank is preparing to introduce virtual asset trading services for retail investors, CEO Ronald Iu says SFC will roll out the new regulatory regime for digital asset trading ...

Posted on 02/05/2024

Hong Kong’s Stock Rally Faces Test With China Inflows on Pause

One of the chief buying forces behind Hong Kong’s world-beating rally is out of action for the next few days, likely leaving the market without a crucial pillar of support.

Posted on 02/05/2024

Hong Kong occupational therapists call for training, guidelines over proposed child abuse reporting system

Professionals need help to understand responsibilities under bill being scrutinised in legislature, Chloe Mo Sung-yu of Hong Kong Occupational Therapist Association says.

Posted on 02/05/2024

Hong Kong welcomes more than 173,000 mainland Chinese visitors on first day of ‘golden week’ break

Nearly 140,000 mainland Chinese visitors crossed into Hong Kong on Wednesday, as the city prepared a wide range of activities and attractions to kick start the Labour Day “golden week” holiday. Data ...

Posted on 02/05/2024

Was it raining hailstones or cotton in Hong Kong? Observatory investigates claims

Several videos circulating online show white pellets dancing in the sky in Yuen Long at around 9.30pm on Tuesday.

Posted on 02/05/2024

China tensions bubble up as HSBC seeks its next boss

HSBC, known in banking circles as “Honkers and Shankers”, is well-acquainted with geopolitical scrutiny. Formed as the Hong Kong Shanghai Banking Corporation in 1865 when the territory was still a ...

Posted on 02/05/2024

HSBC investors demand greater focus on Asia under new boss

However, Asian people are still underrepresented in the upper echelons of the bank. Only a small proportion of HSBC’s current executives are from Asia. David Liao, the co-head of HSBC’s Asia-Pacific ...

Posted on 02/05/2024

Swapping sirens of war in Israel for cheers and football in Hong Kong, midfielder Braunshtain’s out to resurrect career

Eastern midfielder Barak Braunshtain is resurrecting his career in the Premier League, but still hears the sirens from the early days of the war in Gaza.

Posted on 01/05/2024

Local banks and S’pore, HK police recover more than S$370k for 70-year-old man in foiled scam

SINGAPORE: The police and banks here, together with the Hong Kong police, foiled a “technical support” scam and recovered more than S$370,000 for a 70-year-old victim.

Posted on 01/05/2024

Hong Kong restaurants worry bad weather will put off mainland Chinese tourists over Labour Day ‘golden week’ break

Industry figure Simon Wong says restaurants can expect a 10 per cent drop in business against last year’s figures.

Posted on 01/05/2024

Hong Kong faces uphill battle to lure back Chinese tourists

The Lo Wu arrival hall on Hong Kong's border used to throng with visitors during mainland China's "Golden Week", but as the five-day tourism bonanza ...

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