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Posted on 02/11/2023

Visa completes digital Hong Kong dollar pilot test with local banks

Payment processor Visa has completed the Hong Kong Monetary Authority's central bank digital currency (CBDC) Pilot Programme with HSBC and Hang Seng Bank. According to the November 1 announcement, the ...

Posted on 02/11/2023

Chinese arrivals replace Hong Kong exodus. For them, the city is still freer than the mainland

The exodus of tens of thousands of professionals from Hong Kong triggered by a crackdown on its civil liberties is being offset by new arrivals: mainland Chinese keen to move to the former British ...

Posted on 01/11/2023

Hong Kong property in double trouble after government rejects bids for Tung Chung site, deal flow in Oct at 7-year low

The Hong Kong government rejected all four tenders for a residential site, as they "did not meet the government's reserve price for the site" Hong Kong's property transaction volumes in October fell ...

Posted on 01/11/2023

China Critics Condemn Biden’s APEC Invite to Hong Kong

Human rights leaders are taking strong exception to the Biden administration’s decision to invite a member of the Hong Kong government to attend an ...

Posted on 01/11/2023

Hong Kong student group alleges attempted forced entry of properties amid lawsuit over ownership

The Hong Kong Federation of Students (HKFS) has filed a police report after suspecting that a group of unknown men had tried to forcefully enter two of its properties. The alleged forced entry took ...

Posted on 01/11/2023

Hong Kong stocks slip as ICBC leads slump among Chinese banks amid earnings, credit risks in property market

Hong Kong stocks fell, led by losses in mainland China’s biigest lenders including Bank of China and Industrial and Commercial Bank of China (ICBC) amid concerns about their loan exposure to the ...

Posted on 01/11/2023

Beijing’s crackdown fails to dim Hong Kong’s luster, as talent scheme lures mainland Chinese

The exodus of tens of thousands of professionals from Hong Kong, triggered by Beijing’s crackdown on its civil liberties, is being offset by new arrivals: mainland Chinese keen to move to the former B ...

Posted on 01/11/2023

ZA Bank opens operating account for OKX Hong Kong, In collaborative effort to support Hong Kong’s Web3 development

ZA Bank, Hong Kong's No.1 virtual bank[1], and OKX, a leading global virtual asset exchange and Web3 technology company, today announced that the bank has opened an operating account for OKX Hong Kong ...

Posted on 01/11/2023

DBS Rents Hong Kong Retail Space at 18% Lower Than Asking Price

DBS Group Holdings Ltd. clinched a deal to rent retail space in Central’s New World Tower for 18% less than the asking price, according to a person familiar with the matter.

Posted on 01/11/2023

Kurt Tong Critiques US Perception of Hong Kong, Warns of Threats to Information Flow

Kurt Tong, former US consul general to Hong Kong, delivered a stinging critique of American perception of Hong Kong, bemoaning the thin awareness and understanding that persists in the US. Speaking at ...

Posted on 01/11/2023

Hong Kong Bourse May Reclaim Tuesday’s Losses

The Hong Kong stock market on Tuesday halted the two-day winning streak in which it had advanced more than 350 points or 2 percent.

Posted on 01/11/2023

Hong Kong: over-the-top punishment for 2019 democracy protesters, report finds

More than 10,000 arrests and nearly 3,000 prosecutions, with 82% given jail including ‘extraordinary high’ proportion of children ...

Posted on 01/11/2023

Hong Kong’s 5 ‘finance bro’ types and how to identify them by their outfits

From the client-facing hedge fund guys with their expensive suits and designer shoes to tech bros in polo shirts and sneakers, here’s how to identify Hong Kong’s finance bros by their outfits.

Posted on 01/11/2023

Hong Kong to set up logistics data platform connecting transport hubs to enable information sharing, improve cargo flow

Transport minister says ‘all essential data’ will also be shared on daily basis with stakeholders across the border.

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