The People's Bank of China and the HKMA launched the Payment Connect yesterday, according to the HKMA's recent press release. The system links the mainland’s Internet Banking Payment System (IBPS) ...
Hong Kong, China launch Payment Connect for faster cross-border payments
Supported services include instant remittance services, amongst others. The central banks of Hong Kong and China have pushed forward Payment Connect, which sees in their clearing centres cooperate to ...
Sanhua shares fall in Hong Kong debut, first drop in 2025’s club of billion-dollar IPOs
Trading under the code 2050, the stock began trading at HK$20.95, 7.2 per cent lower than its offer price of HK$22.53.
Hong Kong must grow despite persistent US-China trade tensions: Paul Chan
City's finance chief outlines efforts to diversify economy and wants Hong Kong to overtake Switzerland as world's biggest wealth management centre Challenges and volatility will persist despite a ...
Hong Kong to keep expanding land bank, but not to offset deficit: Paul Chan
Finance chief also says government will address plans to build artificial islands off Lantau waters at later stage, despite calls to halt project Hong Kong will press on with building up its land bank ...
HK takes lead in stablecoin regulation as China explores a digital future
While issuing a renminbi-backed stablecoin is not yet feasible given the current legal framework, Hong Kong's ordinance can serve as a regulatory pilot, offering insights for the central government in ...
HK strengthening as a financial centre: FS
Financial Secretary Paul Chan says Hong Kong's position as an international financial centre is strengthening, citing increased trading volumes and ...
Global investors eye Hong Kong as robust, reliable safe haven for funds: Chan
Global investors eye Hong Kong as a robust and reliable safe haven, noting the city's strength in stock markets, wealth management and insurance, Hong Kong Financial Secretary Paul Chan Mo-po wrote in ...
HK’s financial centre position strengthening: FS
Financial Secretary Paul Chan says Hong Kong's position as an international financial centre is strengthening, citing increased trading volumes and ...
Hong Kong, Mainland China Launch Payment Connect for Real-Time Cross-Border Transactions
The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) announced the official launch of Payment Connect, a new cross-boundary payment ...
Singaporean financial adviser’s name and image exploited again in Hong Kong scams
City University Professor Chan Yan-chong stresses he never gives advice online, notes that many victims, including some in Singapore, are retirees.
Hong Kong a safe haven for investors: finance chief
Hong Kong's finance chief on Saturday pledged to turn the territory into a "safe haven" for international investors, and expressed confidence that ...
China’s top HK official says security will ensure city’s success
His comments build on China’s emphasis on national security in recent years. Read more at straitstimes.com. Read more at straitstimes.com.
Alsco Refiles For Hong Kong IPO Amid Less Favorable Conditions
Alsco manufactures foldable containers and boxes as well as metal racks and specialized containers that can be used by auto companies and later returned for reuse. Their foldability means they can be ...