JPMorgan Chase has selected HSBC and Standard Chartered to operate its custody businesses in Hong Kong and Taiwan, with assets worth more than $500 billion, a spokesperson for the U.S. bank said.
Hong Kong’s Lantau Tomorrow plan delayed by 2 to 3 years, finance chief Paul Chan reveals, authorities to focus on Northern Metropolis scheme instead
Announcement of delay comes as city expected to record its fourth deficit exceeding HK$100 billion Chan says government needs to complete feasibility studies and come up with mitigating measures for ...
Hong Kong attracts 22 applicants for crypto exchange licences
The world’s largest exchange Binance was absent from the list, as was Coinbase and Kraken. Read more at straitstimes.com.
Elon Musk’s xAI startup targets valuation as high as $20B: sources
Musk is raising the funds at a valuation that would likely be between $10 billion and $20 billion for the company behind the snarky chatbot Grok.
Hong Kong Scraps Duties to Thaw Frozen Property Market
Hong Kong’s “cooling” measures have been so effective that ... You can find the link to that half-hour business show here or on Spotify here. The move is overdue. And it will take time to filter ...
Hong Kong pledges $383M for cyberport AI development boost
The Hong Kong government has announced a substantial investment of 3 billion Hong Kong dollars ($383 million) into its Cyberport business park. This funding is part of a three-year artificial ...
Hong Kong allocates $383 million for Cyberport AI scheme
Hong Kong allocates $383 million to Cyberport for a three-year AI subsidy scheme, boosting local AI utilization. The program aims to support the AI Supercomputing Center and enhance cybersecurity. It ...
How Hong Kong turned its back on capitalism – and paid a terrible price
“All of that is either changing or is at least perceived to be under threat of changing,” says Hurst. Business confidence in Hong Kong is being eroded, warns Tsang: “Multinationals can see that the ...
Hong Kong Agents Say Property Deals Jump After Big Policy Moves
HONG KONG (Reuters) - Hong Kong's property market immediately celebrated ... told Reuters. Low commission rates start at $0 for U.S. listed stocks & ETFs*. Margin loan rates from 5.83% to 6.83%.
Hong Kong finance chief Paul Chan says authorities have not ruled out bringing back property cooling measures if necessary
Finance chief Paul Chan says authorities will closely monitor property market and act accordingly He adds no need to levy new taxes as revenue from land sales is expected to increase after removal of ...
Hong Kong exchange’s 2023 profit misses forecast as new listings, trading income sags
HONG KONG, Feb 29 (Reuters) - Hong Kong's bourse operator on Thursday ... reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to ...
Hong Kong sets global benchmark in virtual asset regulation
Hong Kong’s Financial Secretary, Mr. Chan Mo-po, has announced the launch of a ‘regulatory sandbox’ for stablecoin issuers as part of the 2024 budget. This initiative marks a pivotal step in the ...
Hong Kong budget 2024-25: innovation sector gets HK$24 billion investment boost to drive tech economy
Financial Secretary Paul Chan announces raft of innovation and technology initiatives with various funding schemes to foster vibrant and diversified economy One key budget initiative is launch of ...
Hong Kong finance chief offers budget to restore city’s fiscal health, look for new revenues and growth while axing property curbs in surprise move
Financial Secretary Paul Chan surprises market by going for a complete removal of all property cooling measures with immediate effect Chan also introduces a more targeted tax for the rich, in line ...