Hong Kong wants to become an international crypto hub even as jurisdictions like the US cast a wary eye on the sector. In August, the first licenses were issued under a new system to regulate crypto exchanges offering trading in tokens like Bitcoin and Ether.
Hong Kong’s business, labour sectors welcome government bid to amend worker protection rule exploited by employers
Employers have taken advantage of loopholes in '418' regulation, lawmaker Chau Siu-chung says Under the rule, those working for same employer for four consecutive weeks or more for at least 18 hours ...
China Stocks in Hong Kong Drop During Growing Economic Strains
Chinese stocks in Hong Kong tumbled as disappointing trade data added to investor concerns about the strength of the economic recovery and as worries about the real estate sector intensified.
6 must-see art exhibitions in Hong Kong this August
August, the hottest month in Hong Kong, is an ode to summer. As evidence of this, three art exhibitions from our list are summer-themed.
Hong Kong police arrest 1 suspected core syndicate member and 6 bank account holders on suspicion of laundering HK$111 million
Seven people were rounded up in connection with laundering more than HK$111 million (US$14 million) in suspected crime proceeds through 48 bank accounts in Hong Kong in a crackdown on a criminal ...
Billionaire-Backed Fintech Becomes Hong Kong’s Latest Unicorn With $458 Million Round, Baillie Gifford Joins As A New Investor
The funding round, which values the two-year-old startup at $1.7 billion, included participation from Lenovo Capital, Vectr Fintech and Dara Holdings.
Hong Kong buries dead whale earlier spotted alive in city’s waters, carcass treated with chemicals before process
Bryde’s whale had been talk of the town for many whale-watchers who used chartered vessels in July to view it, but animal later found dead.
HSBC executive apologizes for calling the UK ‘weak’ over China
A top executive at HSBC has apologized after reportedly calling the UK government “weak” over its dealings with China, in another sign of the political tightrope the British bank has been made to walk ...
HSBC exec slams ‘weak’ UK for siding with US against China, drawing backlash from MPs
Coles, the bank’s head of public affairs, apologised for ‘any offence caused’ by his ‘personal comments’, made at a closed door event in London.
Credit Suisse to cut 80% of Hong Kong investment bank jobs: Report
Nearly 80% of investment banking staff of Credit Suisse in Hong Kong is likely to be laid off this week, as part of the bank's integration with UBS Group, Reuters reported ...
Hong Kong stocks fall to 2-week low as slumping Chinese exports point to further slowdown in growth
Hong Kong stocks dropped for a second day, driving the benchmark gauge to a two-week low, as China’s exports slumped by the most in three years, adding to the evidence of a worsening slowdown in ...
Hong Kong tech firm, ASL, accelerates growth in fintech arena with Finastra
Automated Systems Holdings Limited (ASL) (771.HK), a leading global IT solutions and services provider, has strategically partnered with Finastra, a global provider of financial software applications ...
Fading neon signs shine again in Hong Kong exhibit
A fuchsia sign for a bridal shop, the Chinese "double happiness" character, a cool-blue flying dragon -- luminous lights of dozens of neon signs removed from the streets of Hong Kong flickered on once again at a downtown exhibit.
Letters | On research facilities, Hong Kong can work with the mainland or go solo
This helps propel scientific advances in a wide array of fields. Despite the global trend towards supercomputing, a significant gap exists between the mainland and Hong Kong in developing large-scale scientific facilities. The mainland has been proactive ...