GDP 4.5% from a year earlier as consumers and companies slashed spending. The government is trying to rally enthusiasm for its finance sector - as signaled by the flagship Fintech Week and Global ... ( read original story ...)
Number of bankers pulling out of Hong Kong summit ‘very small,’ says John Lee
Chief Executive John Lee said the number of business representatives joining a major banking summit in Hong Kong was “within the expectation” of the government despite several bankers announcing their ... ( read original story ...)
Hong Kong Summit Kicks Off Overshadowed by CEO Drop Outs, Storm
Global bankers descended on Hong Kong for a major summit as the city seeks to relaunch itself as an international finance center after years of pandemic-induced isolation and a crackdown on dissent. ( read original story ...)
Hong Kong leader John Lee shrugs off absence of 3 top bankers from key financial summit, insists city ‘full of vigour and energy’
Chief executive touts raft of events city will host in coming two weeks, including Hong Kong Sevens and an Asian global health summit Lee says economic activities are returning and unemployment rate ... ( read original story ...)
Hong Kong Monetary Authority chief defends currency peg, says it brings stability
Hong Kong Monetary Authority's CEO has defended Hong Kong's currency peg, saying it helped see the city through some of its toughest economic challenges. ( read original story ...)
Hong Kong stocks rise more than 3% after ending October at lowest levels since mid-2009
Asia-Pacific shares were higher on Tuesday ahead of Australia's central bank decision. The Caixin manufacturing PMI showed a contraction in October. ( read original story ...)
China’s property crash sends billionaire founders heading to exits
Defaults, failure to deliver homes on time and an unrelenting market sell-off. Now builders’ founders are leaving. Read more at straitstimes.com. ( read original story ...)
Hong Kong is ‘Asia’s sustainable finance centre’, thanks to green bond growth and carbon-credit trading, bankers say
With rapid growth in the issuance of green bonds and a new carbon-credit trading platform, Hong Kong can play a pivotal role in the journey towards net zero, experts said ahead of a key summit this ... ( read original story ...)
Struggling Hong Kong seeks comeback with bank summit, rugby
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 ...)