Tag: business

Market interventions to soak up HK$29.6 billion from the banking system on July 7, increasing the pressure on local borrowing costs.

AllScale, a financial technology startup building stablecoin solutions for small and medium-sized businesses (SMBs), has announced the closing of a $1.5 million funding round to accelerate the ...

HONG KONG] Hong Kong’s de-facto central bank said it intervened twice on Friday and sold US$3.78 billion against the Hong Kong dollar after the local currency hit the weak end of its trading band.

Duties from transactions and transfers rose to HK$29.69 billion (US$3.78 billion) in the first five months of 2025, according to calculations by the Post.

Overall deals rise 13 per cent, as transaction value reaches a 14-month high and home sales exceed 5,000 for the fourth straight month.

Investor and business enthusiasm for Hong Kong’s equity capital markets is roaring back, as a wave of Chinese firms rush to the city for fundraising.

The material has a wide range of applications. Startup develops game-changing system to pull valuable 'white gold' material from old batteries: 'Our goal is to tackle the growing problem' first ...

HONG KONG] Hong Kong’s retail sales by value rose 2.4 per cent in May from a year earlier, the first increase in more than a year, government data showed on Wednesday (Jul 2). Read more at The ...

Adrian Cheng, a third-generation heir to Hong Kong’s third-richest clan, has fully exited the family’s troubled property developer New World Development just months after stepping down as its CEO.

City needs to improve technology, innovation and service quality to further develop as a family-office hub, white paper says.

In the first half of 2025, total proceeds raised in Hong Kong jumped 701 per cent to $17.4 billion, on 44 IPOs. Read more at straitstimes.com. Read more at straitstimes.com.

In its 2014 white paper on the one country, two systems framework after the 1997 handover, Beijing asserted that Hong Kong people would govern Hong Kong with a high degree of autonomy, the report ...

Wild swings have intensified debate about the sustainability of the currency’s peg. Read more at straitstimes.com. Read more at straitstimes.com.

Hong Kong banks’ total assets rose 4.5 per cent year on year to US$3.1 trillion in 2024, while operating profit was up 7.8 per cent.