HSBC remains committed to making banking easier and more secure within the ever-evolving economic landscape by blending the power of digitisation with the expertise of our colleagues and the strength ...
Hong Kong to reduce dependence on land sales as major income source: Paul Chan
But some lawmakers urge the government to make bidding exercises more attractive, saying land premium revenue ‘irreplaceable’.
Exclusive: HSBC cutting staff numbers by 900 at China Pinnacle unit, sources say
HSBC is reducing staff numbers at its China digital wealth business Pinnacle by nearly half, or about 900 people, two sources said, a sharp reversal of the bank's ambition for the unit as part of its ...
Investing in megaprojects crucial for Hong Kong’s growth despite deficits: Paul Chan
Hong Kong must invest in megaprojects such as the Northern Metropolis to drive economic growth even if they cause deficits, the finance chief has said, while appealing for understanding from the ...
Budget 2025: Measures do not address poverty, Hong Kong NGO says
Hong Kong’s new budget does not do enough to support the city’s underprivileged, an NGO has said, citing meagre subsidy allowances and the scrapping of a HK$2,500 grant for students. The Society of ...
HKEX Profit, Revenue Hit Quarterly Highs as IPO, Market Sentiment Pick Up
The stock-exchange operator said Thursday that net profit reached a fourth-quarter high of 3.78 billion Hong Kong dollars, beating market expectations.
Hong Kong’s latest budget aims to cut spending to tackle record HK$87b deficit
Hong Kong Finance Secretary Paul Chan has unveiled a "belt-tightening" budget aimed at ending the city's series of record-high deficits. The city is projected to mark its third consecutive financial ...
13 things you need to know about in Hong Kong’s 2025 budget
Hong Kong’s finance chief has revealed a series of measures to strictly control government expenditure as the city grapples with an estimated deficit of HK$87.2 billion in the 2024-25 financial year ...
Hong Kong outlines plans to leverage strategic positioning, boost global connectivity
HONG KONG -- The Hong Kong Special Administrative Region (HKSAR) will continue to leverage its strategic positioning as the "three centers and a hub" and make good use of the advantages of "one ...
Chinese Electric Truckmaker Zhizi Is Said to Plan $200 Million Hong Kong IPO
Chinese electric truckmaker Zhizi Automobile Technology Co. is considering an initial public offering in Hong Kong that could raise about $200 million, according to people familiar with the matter.
Mixue’s Hong Kong IPO Smashes Records as Share Sale Is Oversubscribed More Than 5,125-Fold
Apart from being leader of the pack in China’s crowded modern tea sector, Mixue’s shares were in such high demand thanks to Hong Kong’s new IPO system, called FINI, rolled out in November 2023. This ...
Hong Kong to slash 10,000 civil service jobs, push AI in bid to reverse deficit
Hong Kong aims to cut spending by slashing 10,000 civil service jobs in an effort to rein in a rising deficit, and plans a big AI push as it navigates headwinds from global economic uncertainty, ...
Budget 2025: Hong Kong to bolster role in wealth, listings, digital assets, yuan
We are pressing ahead with high-quality development of Hong Kong’s international financial market,’ financial secretary says.
Retail portion of Mixue’s IPO sets record with nearly US$206 billion in subscriptions
The retail portion of the Hong Kong initial public offering (IPO) for China’s largest fresh-drinks chain, Mixue Group, attracted more than HK$1.6 trillion (US$205.9 billion) in subscriptions, and the ...