Hong Kong allocates $383 million to Cyberport for a three-year AI subsidy scheme, boosting local AI utilization. The program aims to support the AI Supercomputing Center and enhance cybersecurity. It ...
How Hong Kong turned its back on capitalism – and paid a terrible price
“All of that is either changing or is at least perceived to be under threat of changing,” says Hurst. Business confidence in Hong Kong is being eroded, warns Tsang: “Multinationals can see that the ...
China slams foreign criticism of upcoming Hong Kong’s Article 23 national security law
China on Thursday criticised British Foreign Secretary David Cameron and other foreign politicians for "smearing" an upcoming Hong Kong security law, as local authorities said feedback on the law had ...
Hong Kong Bourse Posts $1.5 Bn Profit Despite IPO Drought
Hong Kong's stock exchange operator said Thursday that revenue and profits in 2023 were the "second best on record" despite new listings plunging to the lowest level in more than a decade.
Hong Kong man arrested on suspicion of laundering HK$16 million after customs detects 11,000 transactions through 6 bank accounts
The delivery van driver, 36, handled illegal funds received from or transferred to more than 5,000 third-party accounts, according to customs One of the suspect's bank accounts handled more than 180 ...
Hong Kong Agents Say Property Deals Jump After Big Policy Moves
HONG KONG (Reuters) - Hong Kong's property market immediately celebrated ... told Reuters. Low commission rates start at $0 for U.S. listed stocks & ETFs*. Margin loan rates from 5.83% to 6.83%.
Hong Kong finance chief Paul Chan says authorities have not ruled out bringing back property cooling measures if necessary
Finance chief Paul Chan says authorities will closely monitor property market and act accordingly He adds no need to levy new taxes as revenue from land sales is expected to increase after removal of ...
Hong Kong’s largest bitcoin ETF assets up five-fold since October
Hong Kong's largest bitcoin futures exchange-traded fund saw its assets under management swell five-fold in the past five months to just over $100 million, as local investors chased the rally in the ...
HSBC Life Hong Kong issues most expensive life insurance policy
The Hong Kong insurer has issued policies worth at least US$50m over the past year. HSBC Life Hong Kong has set a new Guinness World Record by issuing the most valuable life insurance policy ever sold ...
Hong Kong finance chief defends monthly HK$1 million fireworks after pushback from residents
Hong Kong’s finance chief has defended plans for monthly fireworks shows that would cost HK$1 million each and are intended to entice tourists to stay longer in the city. Responding to residents in a ...
Hong Kong exchange’s 2023 profit misses forecast as new listings, trading income sags
HONG KONG, Feb 29 (Reuters) - Hong Kong's bourse operator on Thursday ... reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to ...
Hong Kong’s plan for new national security law triggers civil liberty fears
As Hong Kong moves toward enacting a new national security law, four years after Beijing imposed a similar law that all but wiped out dissent and vocal pro-democracy media in the semi-autonomous ...
Guinness World Records: HSBC Life clinches title with US$250 million insurance policy sale in Hong Kong
The policy sale to an Asian customer handily surpasses the US$201 million cover bought by a tech billionaire in California in March 2014 Policy sale shows Hong Kong's rise as a leading ...
Hong Kong sets global benchmark in virtual asset regulation
Hong Kong’s Financial Secretary, Mr. Chan Mo-po, has announced the launch of a ‘regulatory sandbox’ for stablecoin issuers as part of the 2024 budget. This initiative marks a pivotal step in the ...