However, Hong Kong has the highest proportion of financial institutions, Finastra notes, that have not been constrained at all (30%) behind Saudi Arabia (34%). Of those whose organizations have been ...
China will focus on ‘high-quality, sustainable growth,’ central bank chief says
China’s central bank governor says the world’s second largest economy is continuing to recover, and is on track to meet its 5% expansion target this year.
Executives at international firms Deloitte, KPMG advised to use burner phones for Hong Kong visits – report
The news comes amid Hong Kong’s effort to reassert itself as a global financial centre that leverages its One Country, Two Systems framework, just weeks after the city’s de facto central bank, the ...
Hong Kong should set up special office to coordinate biomedical research as city aims to become international hub, industry figures say
The Hong Kong Association of the Pharmaceutical Industry on Tuesday called for officials to work to speed up clinical trials and get the participation of more patients from the Greater Bay Area, which ...
Former PBOC Governor Confirms China Is ‘On Track’ For Completion Of Central Bank Digital Currency
China’s central bank digital currency (CBDC) development is in its final stages, according to the former governor of the People’s Bank of China (PBOC), indicating a significant stride towards the ...
HSBC hires senior private banking executive from UBS to serve wealthy Indians
HSBC Holdings Plc has reportedly hired a senior private banking executive from UBS Group AG where he ran a team serving wealthy Indians who live overseas. Gautam Anand was appointed Global Coordinator ...
Hong Kong Property Market Enters A Great Stagnation
A tussle over valuations between the city’s property developers and the government has resulted in a stalemate that dampens Hong Kong’s economic prospects.
Hong Kong stocks slide to near 3-week low on earnings, China economic woes while small-caps suffer 5% rout in Beijing
Hong Kong stocks fell to near a three-week low on concerns corporate earnings will disappoint investors amid China’s economic slowdown and property market slump. Reports this week may show Chinese ...
Deloitte, KPMG ask US staff to avoid carrying their work phones to Hong Kong, report claims
The move reportedly comes after China’s increasing control over Hong Kong, where many global companies have their Asia-Pacific headquarters.
TVB, Hong Kong’s Top Broadcaster, to Lay-Off 300 Staff and Cut Channels
TVB, Hong Kong’s leading free-to-air broadcaster, is to lay-off 300 staff and cut its channels, in the second restructuring this year.
Hong Kong’s second-hand home prices fall to lowest since March 2017, with skid set to continue through 2024’s first half
Lived-in home prices fell by 2.16 per cent in October, the second steepest monthly decline of 2023, as a property analyst predicts a 6 per cent full-year decline with a drop of up to 5 per cent for ...
Hang Seng May See Renewed Support
The Hong Kong stock market on Friday ended the two-day winning streak in which it had collected almost 180 points or 1.1 percent. The ...
Hong Kong stocks fall, China struggles amid weak recovery, sentiment
Other Asian stocks edged higher, while the dollar was at a three-month low as investors remained convinced that the U.S. Federal Reserve was done with its rate-hike cycle and looked ahead to a crucial ...
Members of Hong Kong pro-democracy party League of Social Democrats face 26 charges over fundraising, banners
Ten members of the League of Social Democrats (LSD), one of Hong Kong’s last active pro-democracy groups, face a total of 26 charges for raising funds and displaying posters without a permit. LSD ...