Hong Kong’s finance chief has defended plans for monthly fireworks shows that would cost HK$1 million each and are intended to entice tourists to stay longer in the city. Responding to residents in a ...
Hong Kong exchange’s 2023 profit misses forecast as new listings, trading income sags
HONG KONG, Feb 29 (Reuters) - Hong Kong's bourse operator on Thursday ... reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to ...
Hong Kong’s plan for new national security law triggers civil liberty fears
As Hong Kong moves toward enacting a new national security law, four years after Beijing imposed a similar law that all but wiped out dissent and vocal pro-democracy media in the semi-autonomous ...
Guinness World Records: HSBC Life clinches title with US$250 million insurance policy sale in Hong Kong
The policy sale to an Asian customer handily surpasses the US$201 million cover bought by a tech billionaire in California in March 2014 Policy sale shows Hong Kong's rise as a leading ...
Hong Kong sets global benchmark in virtual asset regulation
Hong Kong’s Financial Secretary, Mr. Chan Mo-po, has announced the launch of a ‘regulatory sandbox’ for stablecoin issuers as part of the 2024 budget. This initiative marks a pivotal step in the ...
Hong Kong government says ditching restrictions on property sales will not lead to overheated market or encourage speculation
Financial Secretary Paul Chan says property market conditions have changed since cooling measures were introduced about a decade ago.
Hong Kong budget 2024-25: city delays Lantau Island reclamation project, orders all departments to tighten belts
In ‘a fiscal consolidation programme’, finance chief’s budget lists steps to cut expenditure in areas ranging from infrastructure to transport to civil service.
Hong Kong moves towards tougher security law despite concerns
A public consultation period for a new Hong Kong national security law closes on Wednesday amid concerns that the legislation, which authorities want to put in place soon, will further erode freedoms ...
Chabaidao Joins Hong Kong IPO Tea Party
Chabaidao’s revenue grew 34.8% to 5.7 billion yuan in 2023, as the company has been consistently profitable over the last three years The premium tea chain operator plans to keep growing through ...
Hong Kong budget 2024-25: innovation sector gets HK$24 billion investment boost to drive tech economy
Financial Secretary Paul Chan announces raft of innovation and technology initiatives with various funding schemes to foster vibrant and diversified economy One key budget initiative is launch of ...
Hong Kong finance chief offers budget to restore city’s fiscal health, look for new revenues and growth while axing property curbs in surprise move
Financial Secretary Paul Chan surprises market by going for a complete removal of all property cooling measures with immediate effect Chan also introduces a more targeted tax for the rich, in line ...
Hong Kong budget 2024-25: Paul Chan is proposing a new income tax threshold. But which high earners are set to foot the bill?
City leader John Lee is the only government official set to contribute extra to public coffers under finance chief's plan to introduce two-tiered standard rates tax regime MTR Corp executives, finance ...
As it happened: Hong Kong budget – all property curbs scrapped by finance chief Paul Chan in radical bid to boost ailing market
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Hong Kong Property Market Stamps Duty Cuts Spark Recovery Optimism
Stocks of Hong Kong developers surged after Financial Secretary Paul Chan decided to abolish property cooling measures to revitalize the sector, which has been burdened by elevated borrowing costs and ...