The financial centre is hoping to convince the world it is back in business after nearly three years of pandemic curbs. ( read original story ...)
Hong Kong markets rise 2%; RBA decision, private survey on China’s factory activity ahead
Asia-Pacific shares were higher on Tuesday ahead of Australia's central bank decision and the results of a private survey on Chinese factory activity. ( read original story ...)
Hong Kong’s currency peg has been great for the city in times of uncertainty, HKMA says
Hong Kong Monetary Authority's chief executive Eddie Yu has defended Hong Kong's currency peg to the U.S. dollar, saying it helped the city through some of its toughest economic challenges previously. ( read original story ...)
Hong Kong ‘never left’, the city’s status as global finance hub never faltered during pandemic, JPMorgan’s wealth chief says
'Hong Kong never left. It shouldn't be so hard on itself,' says Mary Callahan Erdoes, the chief executive of JPMorgan Asset & Wealth Management Erdoes credits the city's 'super-connector' role with ... ( read original story ...)
Global Bankers Fly Into Hong Kong Amid Growing US-China Tensions
Some of the biggest names on Wall Street are descending on Hong Kong in their first trip since the pandemic began, defying criticism by US lawmakers amid growing tensions with China. ( read original story ...)
Hong Kong To Conduct Public Consultation on Retail Crypto Trading, ETFs
The Chinese territory is considering a range of pro-crypto measures, in contrast to the mainland’s draconian approach to digital asset regulation. ( read original story ...)
Hong Kong bets on summit to herald its comeback as financial hub
Hong Kong aims to restore its reputation as a global financial hub by playing host to a bevy of top Wall Street executives this week, defying critics who say a talent crunch and geopolitical tensions ... ( read original story ...)
Three Top Bankers Pull Out of Hong Kong’s Global Finance Summit
Challenges are mounting for Hong Kong’s major financial summit this week, with three top executives pulling out and a tropical cyclone approaching. Most Read from BloombergMusk Posts Then Deletes Twee ... ( read original story ...)
Hong Kong’s negative equity mortgage cases surge in Q3
HONG KONG : Cases of negative equity in Hong Kong's residential mortgage loans registered a near ninefold increase in the third quarter from the previous one, the city’s de facto central bank said, ... ( read original story ...)
Hong Kong is weighing a plan to allow retail investors to trade cryptocurrencies, potentially paving the way to real estate security token offerings
Hong Kong's government will also examine the property rights for crypto assets as well as the process for legalizing smart contracts. The city's moves could lay the groundwork for offering real estate ... ( read original story ...)
3 Bank Chiefs Pull Out of Hong Kong Conference as China Scrambles for Covid
To top matters off, Hong Kong's financial secretary, Paul Chan Mo-po, contracted Covid last week while on a trip to Saudi Arabia to drum up investment. He delivered a video addres ... ( read original story ...)
Hong Kong Hang Seng Down 1.2% on Property-Sector Declines
The Hong Kong Hang Seng Index could not sustain a midday rally and closed down 1.2% on Monday, as property stocks again led trading floors into the red. The broad gauge Hang Seng fell 176.04 to 14,687 ... ( read original story ...)
Hong Kong to explore legalizing retail crypto trades in reversal of previous proposal
Hong Kong has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds and plans to conduct pilots in NFT issuance and CBDC. ( read original story ...)
Hong Kong’s Crypto-Friendly Plans Get Mixed Reviews From Billionaires And Industry Players
Sam Bankman-Fried, cofounder and CEO of FTX. Hong Kong said that it would adopt a welcoming approach to digital assets on Monday as it seeks to regain its status as a global cryptocurrency hub, but ... ( read original story ...)