Hong Kong's leader pledged on Wednesday to reform and revive the economy and financial markets, with moves including a big cut to liquor duties, while also seeking to improve dire living conditions ...
Hong Kong stocks snap 2-day loss on hope of fiscal support details
Stocks traders are also keeping an eye on Wednesday’s third policy address by Hong Kong Chief Executive John Lee Ka-chiu. He is expected to announce plans to diversify the economy through innovation ...
Hong Kong eases mortgage rules to address property slump
Hong Kong has introduced new measures to alleviate its prolonged property market slump by easing mortgage rules. The city will raise the loan-to-value (LTV) ratio for all residential properties to 70% ...
Hong Kong customs arrests 5 in crackdown on syndicate that laundered HK$1.6 billion
Bank manager, syndicate's allegedly leader, former compliance officer of money changer and two directors of shell companies apprehended A bank manager was among five men arrested by Hong Kong customs ...
HK startups leverage AI for growth in education and tourism
As large language model (LLM) technology advances, Hong Kong startups are leveraging it to develop a wide range of end-product applications, with a particular focus on education and tourism to tap ...
Hong Kong pushes reforms to spark economic growth, cut liquor duties
Hong Kong's leader pledged on Wednesday to reform and revive the economy and financial markets including slashing liquor duties, while seeking to improve dire living conditions for the city's poorest.
Here Are the Winners and Losers From Hong Kong’s Policy Address
Hong Kong’s property developers, brokerages and retailers are poised to benefit from the chief executive’s policy address as the government relaxes mortgage rules and expands a plan to attract wealthy immigrants.
Hong Kong to Relax Mortgage Rules to Bolster Property Market
Hong Kong will relax its mortgage rules to allow lower downpayment for homebuyers amid a prolonged property slump in the city.
HK hones its financial edge
Chief Executive John Lee unveils bold plans in his 2024 Policy Address for consolidating and enhancing Hong Kong’s status as an international financial centre.
Hong Kong policy address: maximum loans for all properties eased to 70%, big boost for higher-end homes
Hong Kong leader John Lee Ka-chiu will deliver his annual policy address at 11am on Wednesday. He has said his policy address will focus on reforms aimed at enhancing the city’s development and ...
Switzerland’s wealth managers bank on a future in Asia
In times of war, political turmoil and rising taxes, the country’s stability and geopolitical neutrality — combined with its strict adherence to banking discretion — supported a thriving and ...
Hong Kong cuts liquor tax in effort to reignite its nightlife industry
HONG KONG (AP) — Hong Kong’s leader announced a cut to liquor tax Wednesday as the Asian financial hub hopes to revive its reputation as a travel destination with a vibrant nightlife and dining scene.
Hong Kong leader focuses on livelihood issues, positioning HK as global hub
Hong Kong's leader kicked off his annual policy address on Wednesday with pledges to reform shortcomings including a pledge to reduce wait times for public housing as authorities try to bolster their focus on people's livelihoods.
Hong Kong Stocks Surge Amid China’s Property Market Developments
Hong Kong shares rose on Wednesday as investors anticipated a government briefing about China's struggling property sector. The CSI300 Index and the Shanghai Composite Index showed mixed performance, ...