Amongst initiatives were the advancement of digital finance and support for SMEs. Hang Seng Bank has expressed support for the Hong Kong government’s new budget measures, particularly those designed ...
Hong Kong must embrace green finance as both opportunity and responsibility, monetary authority CEO says
It’s not just about addressing a global issue that might affect everybody, it’s also about protecting our people in our own land,’ Eddie Yue says.
ZA Bank officially unveils US stock trading service in Hong Kong
Customers of ZA Bank’s US stock trading service will also be able to trade directly without the hassle of making transfers, Transactions are directly debited or credited to their savings accounts. The ...
Elon Musk’s xAI startup targets valuation as high as $20B: sources
Musk is raising the funds at a valuation that would likely be between $10 billion and $20 billion for the company behind the snarky chatbot Grok.
Florida man pleads guilty to smuggling thousands of turtles to Hong Kong and Germany
A Florida man pleaded guilty to smuggling thousands of turtles to Germany and Hong Kong, and falsifying documents to conceal his crimes. John Michael Kreatsoulas, 36, of Alva, Florida, sold wildlife ...
Hong Kong budget 2024-25: treasury chief champions HK$600 billion bond issuance plan, vows safeguards to be put in place
Government anticipates strategy will help achieve budget surplus for 2025-26 financial year, with authorities to issue silver, green and infrastructure bonds over next five years Treasury chief ...
Hong Kong Scraps Duties to Thaw Frozen Property Market
Hong Kong’s “cooling” measures have been so effective that ... You can find the link to that half-hour business show here or on Spotify here. The move is overdue. And it will take time to filter ...
Hong Kong pledges $383M for cyberport AI development boost
The Hong Kong government has announced a substantial investment of 3 billion Hong Kong dollars ($383 million) into its Cyberport business park. This funding is part of a three-year artificial ...
How Hong Kong turned its back on capitalism – and is paying a terrible price
Hong Kong’s Financial Secretary, Paul Chan, on Wednesday announced the first increase in income tax in the region in 20 years as authorities scramble to fill a growing budget blackhole. In a surprise ...
Hong Kong, Singapore, Japan regulators welcome tokenisation push, call for closer alliance with private sector
Regulators from Hong Kong, Japan and Singapore welcome the trend of tokenisation as a means to promote efficiency, disintermediation, liquidity and financial inclusion in markets.
Hong Kong bourse’s 2023 profit lags forecast as new CEO preps for office
Full-year profit at Hong Kong Exchanges and Clearing Ltd, which runs the Hong Kong bourse, missed forecasts last year due to a drop in trading and listing activities, setting the incoming CEO a big ...
UK ‘strongly’ calls on China to reconsider Hong Kong’s new national security law
David Cameron has “strongly” called on Hong Kong to “reconsider” their proposal for a new national security law, which he said will inhibit freedom of speech, expression, and the press. The British ...
Cathay welcomes the Government’s Budget Speech initiatives to support and strengthen Hong Kong’s aviation industry
Reinforcing Hong Kong’s leading international aviation hub status - February 28, 2024 — Cathay welcomes the Hong Kong SAR Government’s ...
Hong Kong allocates $383 million for Cyberport AI scheme
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 ...