South Korea, Singapore, Tajikistan and the Maldives have made some of the biggest strides in tackling inequality during the COVID-19 pandemic, while Hong Kong experienced one of the sharpest declines, ... ( read original story ...)
Airwallex raises $100M to power cross-border business banking, valuation stays flat at $5.5B
The economy may be showing many signs of contraction right now, but many companies still need to do business internationally. Airwallex, the Hong Kong/Australia startup that provides cross-border ... ( read original story ...)
Hong Kong To Give Away 500,000 Plane Tickets To Tourists
Hong Kong dropped their mandatory hotel quarantine requirement, and now they plan to give away half a million airline tickets to boost tourism. This plan has been in the works for the last couple of ... ( read original story ...)
Russian Firms Turn to Hong Kong in Bid to Avoid Sanctions
Russian companies shut out of Western financial capitals are exploring Hong Kong as an alternative, stoking concern among US officials that the Asian hub will become a haven for businesses sanctioned ... ( read original story ...)
HSBC introduces domestic foreign currency transaction through RTGS
The Hong Kong and Shanghai Banking Corporation (HSBC) along with Bangladesh Bank has initiated foreign currency (FCY) transaction solution through real-time gross settlement (RTGS) clearing of the ... ( read original story ...)
Hong Kong Shouldn’t Take a Back Seat to Singapore, Financial Chief Says
Hong Kong’s financial chief defended Hong Kong’s “clear” competitive advantages in financial services, equity markets and green finance and said the city shouldn’t take a back seat to Singapore as a ... ( read original story ...)
US warns Hong Kong against helping sanctioned individuals
The U.S. warned Hong Kong on Monday that its status as a financial center could be affected if it acts as a safe haven for sanctioned individuals, days after a luxury yacht connected to a sanctioned ... ( read original story ...)
Hong Kong’s financial industry has huge future opportunities: financial secretary
Hong Kong has both "quality" and "quantity" advantages for being a pioneer and a developed market, Chan said in a blog post on Sunday. Compared with other international financial centers, Hong Kong's ... ( read original story ...)
Finance chief remains confident in HK’s competitive advantages
Hong Kong’s “clear” competitive advantages in financial services, equity markets and green finance are expected to create new opportunities for the city’s development, the city’s finance chief said. ( read original story ...)
Invesco relocates to Hongkong Land’s Jardine House, seizing on rising office vacancies, falling rents in Central
US money manager has leased 33,000 sq ft in the iconic Jardine House from November 1 The relocation trend in the Hong Kong office property market is likely to continue well into 2023 amid falling ... ( read original story ...)
Chinese skincare firms Giant Biogene, Shanghai Chicmax plan to use Hong Kong IPO proceeds to boost R&D
Giant Biogene and Shanghai Chicmax have been given the green light to launch IPOs in Hong Kong, as they strive to cash in on China’s booming beauty industry. ( read original story ...)
US Warns Hong Kong on Sanctions After Russian Megayacht Turns Up
The US warned Hong Kong that assisting sanctioned individuals could threaten its status as a financial hub, after a megayacht linked to one of Russia’s richest men docked in the city’s harbor. Most ... ( read original story ...)
Hong Kong’s PolyU launches city’s first metaverse postgraduate programme
The one-year Master of Science in Metaverse Technology programme is set to kick off next September, according to Hong Kong Polytechnic University Last ... what is necessary to "pursue careers in start ... ( read original story ...)
Hong Kong tech stocks drag market down 2%; Asia markets drop
Shares in the Asia-Pacific fell on Monday, with Hong Kong stocks leading losses. The Hang Seng index fell more than 2% in early trade, with the Hang Seng Tech index down 3.17%. In mainland China, the ... ( read original story ...)