Once seen as engines of economic growth, the middle classes across countries including India and Hong Kong are now struggling to stay afloat as mounting personal debt, stagnant incomes and unchecked l ...
Hong Kong Monetary Authority says outlook for local currency uncertain
The Hong Kong Monetary Authority (HKMA) said on Thursday the outlook for the direction of the Hong Kong dollar and for interbank rates remains uncertain due to carry trades and other factors. The city ...
Former Hong Kong exchange CEO Charles Li aims to list start-up in small-firm financing
Li’s Micro Connect is among six companies that filed for listings on Wednesday, joining 200 companies waiting to list in the city.
Uber warns Hong Kong users of higher fares, longer wait times under proposal
Some drivers oppose vehicle quota under government’s proposed regulations, as limit on numbers would eliminate those who drive part-time.
Hong Kong to study Beijing’s monetary policy, weigh risks before issuing yuan stablecoins
We need to align our considerations with national policymaking,’ Hong Kong’s treasury chief says at the Lujiazui Forum.
Hong Kong employment bill ‘not foolproof’, may still allow worker exploitation: lawmakers
Transport sector lawmaker Frankie Yick says minibus operators will have no choice but to cut working hours, which means drivers will earn less money.
Hong Kong set to regain top IPO spot under US-China tensions
China's largest soy sauce maker, Foshan Haitian Flavouring and Food Company, rang the gong at the Hong Kong exchange on Thursday. The shares opened 3.3% above their offer price, with the listing ...
Hong Kong Turns to Influencers Like Jimmy O. Yang to Wage PR Battle
In this week’s Hong Kong Edition, we explore how the government is enticing influencers to spread good publicity about the city, look at why Goldman Sachs is so downbeat on China’s property market, ...
Uber Warns Hong Kong Drivers and Riders of Possible New Curbs
Uber Technologies Inc. is emailing Hong Kong users to raise concerns about rules the city is formulating, warning the government could cap the number of drivers or vehicles allowed on the platform.
Hong Kong’s Basel Moment For Stablecoins: What The New Licensing Bill Really Means
Hong Kong’s Legislative Council passed the territory’s first Stablecoins Bill —an ordinance that drapes bank-style capital, liquidity, and disclosure obligations over any issuer of a fiat-referenced ...
Alibaba-Backed ‘AI Dragon’ MiniMax Plans Hong Kong IPO
MiniMax is considering an initial public offering in Hong Kong, people familiar with the situation said, in what would be a landmark industry debut for a Chinese AI startup valued at about $3 billion.
Hong Kong Dollar’s Volatility Fuels Talk on How FX Peg May Shift
A fresh debate about the sustainability of Hong Kong’s decades-long currency peg has analysts ruminating on what might eventually replace it.
Invented in Hong Kong, EXOTICA UMAMI [EX M], a new and natural flavour enhancer gets stamp of approval from professional chefs
Invented in Hong Kong, EXOTICA UMAMI [EX M], a new and natural flavour enhancer gets stamp of approval from professional chefs ...
Hong Kong interest rates fall despite currency’s US dollar peg
The peg system lets the Hong Kong dollar fluctuate between 7.75 and 7.85 per U.S. dollar. When the upper or lower limit is reached, the Hong Kong Monetary Authority (HKMA), the central bank, ...