Hong Kong's MTR Corporation announced on Wednesday that the patronage of cross-boundary railway services recovered to 70 percent of the pre-pandemic level, and the patronage of local railway services has returned to around 90 percent before the COVID-19 pandemic.
ZA Bank plans digital asset retail trading in Hong Kong under new guidelines
Hong Kong-based ZA Bank announced that it plans to launch virtual asset trading services when new guidelines for virtual assets service providers come into force June 1.
Hong Kong will require 300,000 more public housing tenants to declare property every 2 years under tightened rules
Tougher approach comes after authorities banned public housing tenants who are property owners from buying subsidised flats Tightened measures aimed at ensuring effective use of public resources, ...
Hong Kong firms making progress in boosting work-life balance
The strong desire for flexibility, a key aspect in achieving work-life balance, also comes as many employers begin inviting back their staff to workplaces. In Hong Kong, only 36% of the respondents ...
Hong Kong throws open the doors to cryptocurrency even as debate rages on whether it’s a security or commodity
China banned cryptocurrency trading in 2021 and Hong Kong turned frosty on the industry as a result, even though it was home to several early cryptocurrency businesses, including the now-bankrupt FTX.
Capital Markets: Hong Kong poised to make strong recovery
Since its borders reopened in January, Hong Kong has been focused on re-establishing itself as a prominent business hub and a connector between mainland China and the global financial community. This ...
Hong Kong protesters withdraw from organ donor register over mainland transplants
Hong Kong police are investigating a high number of withdrawals from the organ donor register in what is suspected to be a protest over a proposed transplant programme with mainland China.
Hong Kong Office Market Driven by Upgrading User Demand in 2023
According to JLL's latest Hong Kong Property Market Monitor Report, Hong Kong's Grade A office market is mainly driven by upgrading demand following more new office completions this year.
Alibaba Cloud to cut 7 per cent of staff, sending thousands of workers packing ahead of planned IPO
Alibaba’s cloud division is downsizing as it prepares to go public amid economic headwinds that pushed revenue down 2 per cent in the first quarter.
Exclusive: HSBC puts global footprint under fresh scrutiny, considers dozen exits
HSBC is reviewing a possible exit from as many as a dozen countries, or one in five of the markets it operates in, to sharpen its focus on Asian expansion, Chief Financial Officer Georges Elhedery ...
Hong Kong’s Cryptocurrency Guidelines – Reinforcing Financial Hub Status Amidst Challenges
Hong Kong's cryptocurrency guidelines are attempting to restore the financial hub status of the region by becoming more progressive.
HSBC and 4 other banks broke UK competition law with bond-trading communications: regulator
"HSBC refutes the CMA's allegations," a spokesperson for HSBC, the largest of Hong Kong's three currency-issuing banks, said. "We will continue to make our case to the CMA as appropriate whilst we ...
Exclusive-Asia-Focused HSBC Puts 12 Countries on Exit Watchlist
HSBC is reviewing a possible exit from as many as 1 in 5 of the countries the lender operates in to sharpen its focus on Asian expansion, Chief Financial Officer Georges Elhedery told Reuters in his ...
Hong Kong’s trade frenzy begins! Discover the potentially eligible tokens
Hong Kong has allowed retail investors to trade crypto under its new rulebook for the sector, accelerating efforts to develop a digital-asset center even as the industry and regulators clash in other ...