What Happened: The financial hub of Hong Kong has made a significant decision to bolster its ailing real estate market by removing all tightening measures for residential properties. This decision was ...
Hong Kong has ‘absolutely no problem’ with repaying rising debt under plan to issue more bonds to fund public projects, Paul Chan says
The Hong Kong government has “absolutely no problem” with repaying rising debt under a plan to issue more bonds to fund the city’s public projects in coming years, Financial Secretary Paul Chan Mo-po ...
Hong Kong authorities can bring back property cooling measures if necessary, says finance chief Paul Chan
Finance chief says government will keep an eye on the sector, after surprising the market with the removal of all cooling measures in Wednesday’s budget speech.
ZD Energy plans IPO in HK
Shanghai-based electric vehicle (EV) charging systems manufacturer Zhida Technology Development (ZD Energy) plans to launch an initial public offering (IPO) in Hong Kong later this year to raise ...
Hong Kong property curbs scrapped, Taylor Swift deal questioned, China’s durian king: SCMP’s 7 highlights of the week
From property curbs in Hong Kong being scrapped to the intensifying durian market in China, here are a few highlights from SCMP’s recent reporting.
Hong Kong overnight visitor spending dropped 37% during 2023 and will fall further to 2019 levels, Tourism Board says
The board said on ...
Hong Kong aims to boost global edge with new Budget, but faces challenge in returning to glory days
Hong Kong Financial Secretary Paul Chan in his Budget speech on Feb 28 said the short-term goal is to stabilise confidence “so as to resist the impact brought about by the weak market resulting from ...
Exclusive-Deutsche Bank to file liquidation suit against Chinese developer Shimao, sources say
Deutsche Bank is preparing a liquidation lawsuit in Hong Kong against Chinese developer Shimao Group, two sources said, in a rare move by a foreign firm that comes amid rising credit defaults and ...
HSBC HOLDINGS Buys back 6.95M+ Shrs for HKD422M Ytd
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 6.9515 million shares of the company yesterday (29 February) in the UK and Hong Kong markets for a total amount of... HSBC HOLDINGS ...
Hang Seng Bank expresses support of budget measures for SME, financial market
Amongst initiatives were the advancement of digital finance and support for SMEs. Hang Seng Bank has expressed support for the Hong Kong government’s new budget measures, particularly those designed ...
Hong Kong must embrace green finance as both opportunity and responsibility, monetary authority CEO says
It’s not just about addressing a global issue that might affect everybody, it’s also about protecting our people in our own land,’ Eddie Yue says.
ZA Bank officially unveils US stock trading service in Hong Kong
Customers of ZA Bank’s US stock trading service will also be able to trade directly without the hassle of making transfers, Transactions are directly debited or credited to their savings accounts. The ...
Hong Kong budget 2024-25: treasury chief champions HK$600 billion bond issuance plan, vows safeguards to be put in place
Government anticipates strategy will help achieve budget surplus for 2025-26 financial year, with authorities to issue silver, green and infrastructure bonds over next five years Treasury chief ...
How Hong Kong turned its back on capitalism – and is paying a terrible price
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 ...