Citi’s new chief executive in Hong Kong says the US banking giant plans to cast its digital wealth management net far wider than its competitors, by targeting older as well as younger aspirational cus... ( read original story ...)
Hong Kong, Macau and Zhuhai officials to report on China mega bridge drill and ask Beijing for opening date
Officials from Hong Kong, Macau and Zhuhai will report to the central government next Wednesday on how a three-day drill played out at the new mega bridge linking the three cities and seek its confirm... ( read original story ...)
Hong Kong’s minimum wage workers to be paid HK$3 an hour more, and no one is happy about the increase
Hong Kong’s hourly minimum wage is expected to increase by HK$3 an hour, with government advisers reaching an agreement after “fiery” discussions. The impending change has angered labour unions and th... ( read original story ...)
Prudential, Sun Life among bidders for CBA’s Indonesia insurance business: sources
HONG KONG (Reuters) - At least five insurers ... is the latest case of foreign insurers wanting to expand their life business in Southeast Asia, a region of more than 600 million people. ( read original story ...)
Crypto Startups Move to Hong Kong Skyscrapers While Major Banks Check Out
The real estate market of Hong Kong is said to be one of the most expensive in the world, alongside New York, London, and Sydney. Yet, crypto startups are moving into the most valuable skyscrapers in ... ( read original story ...)
Hong Kong rail operator banking on huge influx of mainland China tourists to give flagging passenger numbers a boost during ‘golden week’
Hong Kong’s new cross-border high speed rail services carried only about half of the estimated 80,000 daily in its first five days, but its operator expects “robust demand” as the mainland starts a 10 ... ( read original story ...)
450,000 Hong Kong bank customers to benefit from instant QR-code-based money transfer system from Sunday
More than 450,000 bank customers will be able to transfer money, shop and pay bills by scanning Quick Response (QR) bar codes from Sunday (Sept 30), via a new Hong Kong Monetary Authority (HKMA) platf... ( read original story ...)
HK banks cast pall over property by raising rates
Having enjoyed low, stable borrowing costs for more than a decade, Hong Kong's economy is now bracing for higher rates as the US central bank normalizes policy. Hong Kong is the major city at the bigg... ( read original story ...)
HK banks increase rates for the first time in 12 years
HSBC, Hang Seng Bank and Bank of China (Hong Kong) all said they will raise their benchmark lending rates to 5.125 percent from 5 percent, while Standard Chartered will raise its to 5.375 percent from ... ( read original story ...)
HK banks hike rates for first time in 12 years
Hong Kong's economy and property market are bracing for further increases as the U.S. central bank normalises policy. The HKMA, which plays the role of a central bank in Hong Kong, raised its referenc... ( read original story ...)
Hong Kong shares slip as banks including HSBC raises prime lending rates
The move by HSBC, which was swiftly followed by Standard Chartered and Hang Seng Bank, took its cue from the US Federal Reserve and the Hong Kong Monetary Authority. HSBC, the biggest lender in the ci... ( read original story ...)
CareVoice, China’s TripAdvisor-style health insurance start-up, launches in Hong Kong as it eyes Asian expansion
A start-up that was the first to allow people in China to review and rate hospitals, clinics and doctors – a medical equivalent of TripAdvisor – launched its services in Hong Kong on Thursday. Shangha... ( read original story ...)
Hang Seng closes down 101 points
Stocks in Hong Kong slid Thursday after the city's de facto central bank raised the base rate by a quarter point. Chinese equities also closed lower. The benchmark Hang Seng Index declined 0.36 percen... ( read original story ...)
Cross-border buses start trial runs on Hong Kong-Zhuhai-Macao Bridge
Cross-border buses operated by Hong Kong companies on Friday started trial runs on the Hong Kong-Zhuhai-Macao Bridge (HZMB) in preparation for the bridge's upcoming opening. The trial runs, jointly ar... ( read original story ...)