Observers surprised after the city’s de-facto central bank says it plans to issue the first batch of licences early next year.
Hong Kong Q2 GDP expands 3.1%, faster than forecast
Hong Kong's economy grew a faster-than-expected 3.1 per cent year-on-year in the second quarter, official advance estimates showed on Thursday, expanding for a tenth quarter.That was a faster rate ...
Wuxi AppTec raises US$981 mn in Hong Kong offer amid growing appetite for Chinese biotech
WuxiAppTec raised HK$7.70 billion (US$981 million) in a sale of additional shares to fund its global expansion.
New Hong Kong report useful but investors will do their own research, experts say
Economist says government business report is a positive force to help the public understand the true situation in Hong Kong.
Hong Kong shows strong competitiveness, emerges with new strengths: report
As an important node in the domestic and international dual circulation of China, Hong Kong will continue to enhance regional and international cooperation. The region will actively participate in and ...
Hong Kong leaves base rate unchanged at 4.75% as US Fed keeps eyes on inflation pressure
Under a currency peg known as the Linked Exchange Rate System, Hong Kong’s monetary policy has moved in lockstep with the Fed’s since 1983. The HKMA followed the Fed by cutting its base rate three ...
Hong Kong Cryptocurrency Regulations 2025: Licensing, Stablecoin Rules, Compliance & Penalties
Crypto exchanges, custodians, and stablecoin issuers must be licensed under either the SFC’s VASP regime or the HKMA’s new Stablecoin Ordinance effective August 2025. Businesses ...
Hong Kong Property Downturn Stings HSBC
The London-based bank reported a drop in second-quarter net profit and said it plans to initiate a share buyback of up to $3 billion.
How a Chinese Brand Reshaped Hong Kong’s Food Delivery Scene
Meituan, the Chinese food delivery giant, tested its global expansion in Hong Kong, where its Keeta service displaced a rival before moving to other markets.
Hong Kong’s baby boomers flock to Greater Bay Area to afford retirement housing
A survey sponsored by BOC Life says 24 per cent of Hongkongers are willing to retire outside the city versus less than 5 per cent 10 years ago.
Here’s the pitch deck smart contact lens startup Xpanceo used to raise $250 million and become a unicorn
Xpanceo raised a $250 million funding round, which elevates its valuation to $1.35 billion, as it pioneers smart contact lenses.
Hong Kong’s Stablecoin Ordinance takes effect on August 1, 2025, with a six-month transition window
The Hong Kong Monetary Authority (HKMA) will roll out a six-month transitional arrangement for stablecoin issuers already operating in the city, as the territory’s new Stablecoin Ordinance comes into ...
Ex-chairman of Hong Kong-listed Neo-China surrenders after 13 years on the run
Li Songxiao handed himself over to the ICAC for his involvement in fraudulent property deals worth more than US$42 million.
Hong Kong set to issue first stablecoin licences ‘early next year’
We aim to progress step by step, gradually driving the digital transformation of Hong Kong,’ HKMA deputy chief executive Darryl Chan says.