The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have announced a review of existing regulations for Virtual Asset activities. This move signifies Hong Kong's ...
Hong Kong police take HK$4.5 million in fake HK$1,000 banknotes out of circulation
Two men, 37 and 43, arrested after officers find millions in fake notes hidden in luggage at Tsim Sha Tsui hotel Hong Kong police have arrested two men at a hotel after they seized more than HK$4.5 ...
Hong Kong publishes legislative proposals to ease path for firms to redomicile in city
The introduction of the regime is of great significance in Hong Kong’s corporate governance policy, and will turn the city “into a cornucopia of enterprises that draws in foreign companies”, Secretary ...
Hang Seng Survey: Breadwinner of a Hong Kong Family Manages Finances for an Average of 3 Family Members
Rannie Lee, Head of Wealth and Personal Banking at Hang Seng Bank, said, "Hong Kong residents have broader needs for banking services and wealth management. They need to plan not only their finances ...
Hong Kong to Review Crypto Rules as Industry Evolves, Says Finance Secretary
According to the finance secretary, Hong Kong will review its crypto regulations as needed to adapt to industry changes.
Airport Authority of Hong Kong reports net profit of HK$1.61 billion in 2023-24
Hong Kong airport has staged a strong post-pandemic recovery, bouncing back to a net profit of HK$1.61 billion in 2023-24 after three straight years of losses, with its management reviewing its debt ...
PwC names new China head amid regulatory scrutiny
PricewaterhouseCoopers (PwC) has named in-house executive Daniel Li as its new China head, a move that comes as it faces investigations by financial regulators in mainland China and Hong Kong. PwC ...
Sun Life, Hang Seng expand services for rich clients, tout Hong Kong’s family office push
Sun Life has teamed up with medical services operators to capture high-net-worth customers in the Greater Bay Area, while Hang Seng Bank added new features for its Prestige customers.
Hong Kong court adjourns winding-up trial of HNA Group by 6 weeks
Two separate lawsuits were filed earlier this year against the investment arm of HNA Group, which defaulted on a US$200 million bond in 2021 HNA Group (International), an investment arm of Chinese ...
HSBC HOLDINGS Buys Back Total ~8.05M Shrs for $550M Ytd
HSBC HOLDINGS (00005.HK) repurchased a total of 8.0486 million shares in the UK and Hong Kong markets yesterday (2nd), involving a total of $550 million, according to HSBC HOLDINGS' announcement. Of ...
Hong Kong grants visas to trio after HK$30 million investments under new residency scheme
Most of the amount, or 90 per cent, must be invested in financial assets such as equities on the Hong Kong stock exchange, debt securities, cash deposits, subordinated debts, eligible collective ...
China Market Update: Alibaba Reports $26 Billion In Buybacks Left, Hong Kong
Asian equities were mixed but mostly lower overnight as Hong Kong and Pakistan outperformed.
HSBC Buys back ~11.35M Shrs in Total in 2 Days for HKD775M
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 11.349 million shares of the company on the UK and Hong Kong markets on Friday (28 June) and yesterday (1 July), i... HSBC HOLDINGS ...
Chinese investors give Hong Kong the wealth management edge
Hong Kong’s growth as a wealth management centre has surged in recent months following modifications to the Wealth Management Connect regional market access scheme, with banks in the Asian financial ...