Hong Kong’s leader is expected to lay out a policy agenda focused on boosting the city’s economy during his third annual address on Wednesday, including a potential cut to a liquor tax.
Hong Kong to rename ‘virtual banks’ to ‘digital banks’
The bank will set-out new guidelines shortly. The Hong Kong Monetary Authority (HKMA) will proceed with amending its guidelines on virtual banks and rename them into digital banks. In an announcement, ...
HSBC probes its China Pinnacle wealth business; move could see layoffs, sources say
The bank is also looking at salary structures and probing whether suppliers inflated expenses. Read more at straitstimes.com.
Hong Kong court hits Russian bank with anti-suit injunction
The Hong Kong Court of First Instance has restrained a Russian state-owned bank from pursuing litigation in St Petersburg against its German subsidiary in defiance of an HKIAC arbitration clause.
Hong Kong man faces life imprisonment for ‘exorcism’ murder of mentally disabled woman
Jury finds Dunsany Cheung intended to cause grievous harm to his victim when he hit her head against a wall and forced alcohol down her throat.
Woman pleads guilty to turtle-smuggling scheme
Wan Yee Ng, 41, was arrested on the morning of June 28 at an Airbnb in Canaan as she was about to get into an inflatable kayak with a duffle bag on Lake Wallace.
Make it easier for Hong Kong-based mainland Chinese talent to move money from China, pro-Beijing party urges
Authorities should lower the threshold for Hong Kong-based mainland Chinese talent to move their capital from mainland China to the city, a pro-Beijing party has urged as growing numbers of ...
Behind the scenes: Inside Midea’s mega Hong Kong IPO
In a deal that has reshaped Hong Kong’s IPO landscape, China’s home-appliance giant Midea successfully raised $4.6 billion in September, marking the city’s largest offering in years. From showcasing ...
Hong Kong Housing Market Benefits from Mainland China Policy Stimulus
Recent rate cuts and rising stock prices offer positive news for Hong Kong's property market. However, the weak economy and cautious pricing from developers persist.
Hong Kong starts insider trading case against Dickson Poon in 2019’s PayPal-linked deal
Dickson Poon, ex-husband of actress Michelle Yeoh, denies the allegation; his son and Dickson Concepts will also contest the SFC notice, according to filing.
Hong Kong’s Rising Appeal Among Middle Eastern Family Offices
Hong Kong's advantages as a global financial hub and gateway to China's markets make it an attractive destination for Middle Eastern ultra-high net worth families.
As China Admits Economic Difficulties, Hong Kong Becomes Irreplaceable
Drew Bernstein, co-chair of MarcumAsia, explains why Hong Kong is showing signs of strength - which is essential to China's rebound.
9 monkeys die in 2 days under mysterious circumstances at Hong Kong zoo
Hong Kong’s oldest zoo is seeking answers in a monkey medical mystery after nine animals died in two days, including three members of a critically endangered species.
Hong Kong to host Rockefeller, Middle East tycoons at global family office forum
Standard Chartered to kick off its inaugural global family office forum in Hong Kong as the city enhances its role in the region.