China’s vow to encourage the nation’s leading companies to list in Hong Kong is helping spur a rare surge in the $5 trillion stock market, but dealmakers aren’t ready to turn optimistic. The Hang Seng ...
TNG eWallet and MyPB are now accepted by over 90% of local merchants in Hong Kong
TNG eWallet and MyPB users can make seamless QR payments in Hong Kong. Both are supported by over 90% of local merchants that accept AlipayHK or Alipay+.
Pace of Hong Kong’s economic recovery may need to be re-evaluated but no drastic changes to forecasts, finance chief Paul Chan says
Financial Secretary Paul Chan says Hong Kong may face a higher interest rate environment for longer US Federal Reserve earlier indicated any rate cuts may take longer than previously anticipated ...
Investment scams in Hong Kong surge 55% in first quarter involving over HK$900 million, city’s police chief says
Commissioner of Police Raymond Siu says deception cases in city grew 0.9 per cent, with all but investment scams showing signs of decline between January to March Siu warns residents against falling ...
Hong Kong’s crypto ETFs off-limits for mainland China investors
Hong Kong is all set to roll out its first spot Bitcoin and Ethereum ETFs, but here’s the thing. If you’re investing from mainland ChiChina and Russia almost completely rid of US dollar in mutual ...
Shinhan Financial takes back leading status in Q1 earnings
Shinhan Financial Group has reclaimed its position as the leading financial conglomerate in the country for its first-quarter earnings, due mainly to the expansion of corporate loans and improved ...
Here’s What Could Help BOC Hong Kong (BHKLY) Maintain Its Recent Price Strength
BOC Hong Kong (BHKLY) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through ...
Hong Kong transport authorities cut estimated cost of controversial T4 road by 5% to HK$6.81 billion after questions raised over price tag
Transport and Logistics Bureau submits revised funding request over Trunk Road T4 to the legislature's Finance Committee Bureau abruptly withdrew original request for HK$7.16 billion more than a month ...
Alipay+ Enables Digital Payment of 14 Overseas E-wallets from 9 Countries and Regions in Hong Kong to Support City’s Global Travel Drive
Users of 14 popular overseas e-wallets from 9 countries and regions can now make payments in Hong Kong using their home apps through Alipay+, a suite of cross-border mobile payment and digitalization ...
Hong Kong to sign 20 cooperation documents with Shanghai to boost ties in digital economy, finance, among other fields
City leader John Lee says two cities have reached consensus on 65 projects spanning 15 sectors, including innovation, technology and industrial development Shanghai mayor Gong Zheng says strengthening ...
Korea’s top finance firms put aside W1.7tr for Hong Kong-tied ELS compensation
KB, Shinhan, Hana, Woori and NongHhyup -- have set aside a total of nearly 1.7 trillion won ($1.2 billion) in reserve for the compensation of losses related to the misselling of equity-linked ...
HSBC’s Private Bank Shuts IAM Business in HK, Singapore
HSBC Holdings Plc’s private bank has discontinued its independent asset management business in Hong Kong and Singapore following a strategic business review, a bank spokesperson said.
Chinese Financial Services Shares Gain on Consolidation Hopes
Shares of several Chinese financial services companies traded higher Friday on expectations that the sector may see consolidation after state-run Guolian Securities announced its intention to buy ...
Hong Kong Approves First Crypto Spot ETFs, Enhancing Its Role as a Digital Asset Hub
Hong Kong's financial market is stepping onto a new stage with the recent approval of its first crypto-related spot exchange-traded funds (ETFs) ...