Hong Kong's de-facto central bank bought HK$4.671 billion ($595.12 million) from the market in New York trading hours to stop the local currency weakening and breaking its peg to the U.S. dollar. The ...
Ropes & Gray abandons Hong Kong restructuring practice as leader departs
U.S. law firm Ropes & Gray is shutting down its business restructuring practice in Hong Kong, with its Asia restructuring group leader Daniel Anderson taking his practice to Freshfields Bruckhaus ...
Tencent-backed fintech start-up Airwallex’s first-quarter revenue gets a boost from revival in travel
Border reopening has allowed Hong Kong-based SMEs to expand their international operations, Airwallex general manager Arnold Chan says Airwallex's platform covers over 150 nations and handles US$50 ...
Hong Kong holds edge over Singapore as top business hub thanks to availability of talent and ample supply of office space: research
A study rating perennial rivals Hong Kong and Singapore as business hubs gives the overall edge to Hong Kong thanks to factors such as its financial prowess and talent pool, while pointing out ...
Hong Kong holds edge over Singapore as business hub amid talent war, as narrower office-rent gap tightens race: research
CBRE report gives the overall edge to Hong Kong thanks to factors such as its financial prowess and talent pool Singapore maintains an advantage in technology, as well as ESG initiatives and green ...
Zonos and Floship Collaborate to Bring Cross-border Technologies and Services to Ecommerce Merchants
Floship and Zonos announced today that they have partnered to provide the logistics industry's most comprehensive ecommerce fulfillment solution that incorporates the presentation, payment, and ...
Zonos and Floship Collaborate to Bring Cross-border Technologies and Services to Ecommerce Retailers
Floship and Zonos announced today that they have partnered to provide the logistics industry’s most comprehensive ecommerce fulfillment solution that incorporates the presentation, payment, and ...
Hong Kong restaurants buoyed by 30 per cent growth over holiday weekend
Operators enjoy stronger-than-expected figures compared with same period last month as mainland Chinese tourists flock to city during holiday.
Hong Kong tax revenue drops HK$18.3 billion to HK$360.2 billion in 2022-23; decline in property and stock market activity blamed
Hong Kong’s tax revenue dropped by HK$18.3 billion (US$2.3 billion) to HK$360.2 billion in the last financial year, with the drop blamed on a dampened mood in the property and stock markets which ...
Hong Kong reports Q1 GDP growth after 2022 contraction
Hong Kong's economy grew in the first quarter of 2023, the city's leader said Tuesday, ending a disastrous year-long spell in which the finance hub was effectively closed for business due to pandemic ...
HSBC, DBS, China Citic, other banks offer range of incentives in Hong Kong to entice mainland business during first post-Covid ‘golden week’ holiday
HSBC, DBS, and China Citic Bank International are among the city’s major lenders that have offered a wide range of incentives including extended operating hours at certain branches, with an eye on the ...
Hong Kong economy grows 2.7% in Q1 after disastrous 2022
It ends a year-long spell in which the finance hub was effectively closed for business over pandemic restrictions. Read more at straitstimes.com.
Prop-tech start-up comprising young students wins Hong Kong’s flagship pitch event with 3D modelling device
Skyland Innovation tops finalists to win 7th EPiC pitch event and claim prize of US$90,000 The tech competition attracted a record-high number of entrants, both local and overseas, as Hong Kong tries ...
AI-generated portraits from a Hong Kong start-up offer busy professionals an affordable social media upgrade
Try It On charges US$17 for 100 AI-generated images based on users' photos, which are described as good enough to skip a photo shoot The start-up uses a combination of existing products like Stable ...