It’s not often that Hong Kong’s laissez-faire government finds itself aligned with Bernie Sanders.But the self-described democratic socialist may well applaud the Asian financial hub’s surprise ... ( read original story ...)
Carrie Lam is Hong Kong’s biggest failure, not RTHK
Normally I would focus on Financial Secretary Paul Chan Mo-po's budget whichhe unveiled yesterday. Not this year, except to say he tried his best with an austerity budget that still offered HK$5,000 ... ( read original story ...)
Vaccination with BioNTech doses to start next week
Health authorities have announced that the first doses of the BioNTech vaccine supplied by Fosun are expected to arrive in Macau from Germany in the next days via Hong Kong, with vaccination to start ... ( read original story ...)
Hong Kong: Comirnaty vaccine yet to arrive
The first batch of one million doses will be delivered to Hong Kong from Germany via two flights as soon as possible. The Government added that it will continue to actively follow up with the vaccine ... ( read original story ...)
Covid-19: Hong Kong sport bubble could be breath of fresh air
This year mark’s two decades of Hong Kong branding itself ‘Asia’s World City’ and now is the time to step up with the government backing HKFA’s plan to host AFC Cup and Champions League matches. ( read original story ...)
Total Wealth Of Tycoons On 2021 Forbes Hong Kong Rich List Rises Amid Pandemic
While the combined wealth of tycoons on the 2021 Forbes Hong Kong Rich List rose 7.5% to US$331 billion, up from $308 billion last year, more than half saw a pandemic-induced drop in their net worth. ( read original story ...)
Hong Kong budget: what did finance minister Paul Chan do right and why are pro-Beijing lawmakers still grumbling?
Relief measures and stamp duty welcomed by industry leaders, and while politicians applaud HK$5,000 spending voucher, some say it was not enough to alleviate concerns over unemployed. ( read original story ...)
Billionaire Builders Hit Hardest By Hong Kong’s Headwinds
Hong Kong’s high-flying real estate sector was hit hard as the pandemic dealt another blow to a market already weakened by the U.S.-China trade conflict and political unrest. Since last year’s list, ... ( read original story ...)
Hong Kong’s Biggest Wealth Gain Goes To This Smartphone Supplier
This story is part of Forbes' coverage of Hong Kong’s Richest 2021. See the full list here. Husband and wife Yeung Kin-man and Lam Wai-ying of Biel Crystal had another red-hot year. The founders of ... ( read original story ...)
Hong Kong’s Richest 2021: Big Gains For Some, But More Than Half See Wealth Drop
While the combined wealth of Hong Kong’s richest managed to rise, more than half saw a pandemic-induced drop in their net worth. ( read original story ...)
Government seeks to beef up Hong Kong’s role as Asia’s bond hub by accelerating Bond Connect, increasing use of green bonds
Hong Kong's government is looking to tap China's US$15 trillion bond market for growth, as it proposed creating a trans-border investment channel that can turn the city into a regional centre for ... ( read original story ...)
Beijing is exploring digital yuan cross-border payments by joining with Hong Kong, Thailand, UAE and the Bank of International Settlements
The People’s Bank of China is joining the Multiple Central Bank Digital Currency Bridge, a project exploring cross-border payments using distributed ledger technology, the latest step in Beijing’s ... ( read original story ...)
Hong Kong raises equity trading stamp duty first time in three decades as stock exchange posts third straight year of record profit
Hong Kong's government increased its stamp duty on equity transactions on the city's stock exchange for the first time in almost three decades to fund a widening budget deficit, just as the world's ... ( read original story ...)
HSBC turns to Asia for future growth
So it is no wonder that HSBC has decided to follow the money. HSBC has “pivoted” towards Asia in a bid to take advantage of the rising economic powers there, namely China. The political fallout ... ( read original story ...)