Tag: banking

Relief measures and stamp duty welcomed by industry leaders, and while politicians applaud HK$5,000 spending voucher, some say it was not enough to alleviate concerns over unemployed. ( read original story ...)

This story is part of Forbes' coverage of Hong Kong’s Richest 2021. See the full list here. Husband and wife Yeung Kin-man and Lam Wai-ying of Biel Crystal had another red-hot year. The founders of ... ( read original story ...)

While the combined wealth of Hong Kong’s richest managed to rise, more than half saw a pandemic-induced drop in their net worth. ( read original story ...)

Hong Kong's government is looking to tap China's US$15 trillion bond market for growth, as it proposed creating a trans-border investment channel that can turn the city into a regional centre for ... ( read original story ...)

The People’s Bank of China is joining the Multiple Central Bank Digital Currency Bridge, a project exploring cross-border payments using distributed ledger technology, the latest step in Beijing’s ... ( read original story ...)

Hong Kong's government increased its stamp duty on equity transactions on the city's stock exchange for the first time in almost three decades to fund a widening budget deficit, just as the world's ... ( read original story ...)

So it is no wonder that HSBC has decided to follow the money. HSBC has “pivoted” towards Asia in a bid to take advantage of the rising economic powers there, namely China. The political fallout ... ( read original story ...)

Paul Chan, the financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said Wednesday that Hong Kong aims to launch the southbound trading of Bond Connect this year. ( read original story ...)

Hong Kong will introduce 120 billion Hong Kong dollars (USD 15.4 billion) in fiscal measures to help businesses and residents impacted by the coronavirus pandemic, as it looks towards economic growth ... ( read original story ...)

City can expect a deficit for the next few years over recurring expenses linked to Covid-19, while stamp duty on stock trading will rise, and HK$8 billion will be spent on national security law. ( read original story ...)

Financial Secretary Paul Chan tells Legco HK$120 million will be devoted to ‘countercyclical measures’, including new citywide vaccination drive. ( read original story ...)

Hong Kong will introduce pandemic relief measures worth $15.4 billion to help businesses and residents as the city anticipates economic growth later this year ... ( read original story ...)

Hong Kong plans to run a much lower budget deficit in the coming fiscal year as the economy is expected to recover from its longest recession on record, Finance Secretary Paul Chan said on Wednesday. ( read original story ...)

Hong Kong will continue to benefit from the ongoing development of the mainland and the shift in global economic gravity from West to East, Financial Secretary of China's Hong Kong Special ... ( read original story ...)