Hong Kong’s Financial Secretary, Paul Chan, on Wednesday announced the first increase in income tax in the region in 20 years as authorities scramble to fill a growing budget blackhole. In a surprise ...
Hong Kong, Singapore, Japan regulators welcome tokenisation push, call for closer alliance with private sector
Regulators from Hong Kong, Japan and Singapore welcome the trend of tokenisation as a means to promote efficiency, disintermediation, liquidity and financial inclusion in markets.
Hong Kong bourse’s 2023 profit lags forecast as new CEO preps for office
Full-year profit at Hong Kong Exchanges and Clearing Ltd, which runs the Hong Kong bourse, missed forecasts last year due to a drop in trading and listing activities, setting the incoming CEO a big ...
UK ‘strongly’ calls on China to reconsider Hong Kong’s new national security law
David Cameron has “strongly” called on Hong Kong to “reconsider” their proposal for a new national security law, which he said will inhibit freedom of speech, expression, and the press. The British ...
Cathay welcomes the Government’s Budget Speech initiatives to support and strengthen Hong Kong’s aviation industry
Reinforcing Hong Kong’s leading international aviation hub status - February 28, 2024 — Cathay welcomes the Hong Kong SAR Government’s ...
Hong Kong allocates $383 million for Cyberport AI scheme
Hong Kong allocates $383 million to Cyberport for a three-year AI subsidy scheme, boosting local AI utilization. The program aims to support the AI Supercomputing Center and enhance cybersecurity. It ...
How Hong Kong turned its back on capitalism – and paid a terrible price
“All of that is either changing or is at least perceived to be under threat of changing,” says Hurst. Business confidence in Hong Kong is being eroded, warns Tsang: “Multinationals can see that the ...
China slams foreign criticism of upcoming Hong Kong’s Article 23 national security law
China on Thursday criticised British Foreign Secretary David Cameron and other foreign politicians for "smearing" an upcoming Hong Kong security law, as local authorities said feedback on the law had ...
Hong Kong Bourse Posts $1.5 Bn Profit Despite IPO Drought
Hong Kong's stock exchange operator said Thursday that revenue and profits in 2023 were the "second best on record" despite new listings plunging to the lowest level in more than a decade.
Hong Kong man arrested on suspicion of laundering HK$16 million after customs detects 11,000 transactions through 6 bank accounts
The delivery van driver, 36, handled illegal funds received from or transferred to more than 5,000 third-party accounts, according to customs One of the suspect's bank accounts handled more than 180 ...
Hong Kong Agents Say Property Deals Jump After Big Policy Moves
HONG KONG (Reuters) - Hong Kong's property market immediately celebrated ... told Reuters. Low commission rates start at $0 for U.S. listed stocks & ETFs*. Margin loan rates from 5.83% to 6.83%.
Hong Kong finance chief Paul Chan says authorities have not ruled out bringing back property cooling measures if necessary
Finance chief Paul Chan says authorities will closely monitor property market and act accordingly He adds no need to levy new taxes as revenue from land sales is expected to increase after removal of ...
Hong Kong’s largest bitcoin ETF assets up five-fold since October
Hong Kong's largest bitcoin futures exchange-traded fund saw its assets under management swell five-fold in the past five months to just over $100 million, as local investors chased the rally in the ...
HSBC Life Hong Kong issues most expensive life insurance policy
The Hong Kong insurer has issued policies worth at least US$50m over the past year. HSBC Life Hong Kong has set a new Guinness World Record by issuing the most valuable life insurance policy ever sold ...