Hong Kong’s de facto central bank has intervened to protect the currency’s peg with the US dollar at the weak end for the second time in less than a week.
Hong Kong banks showed moderate balance sheet growth amid global uncertainty in 2024, KPMG report finds
HONG KONG SAR - Media OutReach Newswire - 2 July 2025 - Hong Kong's banking sector demonstrated steady growth and operational resilience in 2024, despite ongoing global economic headwinds. This is ...
Hong Kong May retail sales up 2.4% year-on-year
Hong Kong's retail sales by value rose by 2.4% in May from a year earlier, the first such increase in more than a year, government data showed on Wednesday. Sales increased to HK$31.3 billion ($3.99 ...
Probes by Hong Kong’s ombudsman reach 5-year low amid focus on mediation
Latest report from Office of Ombudsman shows only 40 full investigations conducted in 2024-25, down by 60 per cent from previous year.
Hong Kong Debuts Hit Highest Since 2022 on Share-Sale Rush
Listings in Hong Kong hit the highest since December 2022 last month, as a rally in the Asian financial hub’s stocks drove a rush for share sales.
Hong Kong to reclaim top spot in global IPOs, PwC says
In the first half of 2025, total proceeds raised in Hong Kong jumped 701 per cent to $17.4 billion, on 44 IPOs. Read more at straitstimes.com. Read more at straitstimes.com.
Beijing tightens noose on Hong Kong: National Security mandates now extend to business, education
In its 2014 white paper on the one country, two systems framework after the 1997 handover, Beijing asserted that Hong Kong people would govern Hong Kong with a high degree of autonomy, the report ...
Retail services has been a key sector for Hong Kong IPOs since 2024
Consumer and retail services made up a substantial share of IPOs in the last 18 months as innovative mainland companies eye international expansion.
Transcript: Hong Kong’s bull run leaves China in the dust
The UK government got its welfare bill over the line, but only after huge concessions. And Hong Kong’s stock market is leaving mainland China’s in the dust. Meanwhile, China has a chokehold on the ...
Hong Kong steps up defence of currency’s US dollar peg as fixed range tested again
Wild swings have intensified debate about the sustainability of the currency’s peg. Read more at straitstimes.com. Read more at straitstimes.com.
Hong Kong’s de facto central bank steps in as currency hits weak end of trading band
Hong Kong’s de facto central bank said on Wednesday it sold US$2.25 billion (RM9.5 billion) against the Hong Kong dollar after it hit the weak end of ...
Hong Kong stocks rise on mainland fund purchases, Beijing growth pledge
Southbound net purchases in the first half amounted to 90 per cent of last year’s record inflows, according to stock exchange data.
Hong Kong banks can leverage AI and trade changes for growth amid global challenges: KPMG
Hong Kong banks’ total assets rose 4.5 per cent year on year to US$3.1 trillion in 2024, while operating profit was up 7.8 per cent.
Hong Kong steps up defence of FX peg as fixed range tested again
MELBOURNE] Hong Kong’s de-facto central bank ramped up purchases of the city’s currency as it sought to defend a peg that has been strained by volatility in the greenback. Read more at The Business ...