Finance minister says suggested charge will only affect 15 per cent of travellers and government is open to discussion on fee amount.
Hang Seng Bank executes pilot trades under RMB Trade Financing Liquidity Facility
It is one of the first banks to participate in the facility. Hang Seng Bank is participating in the Renminbi Trade Financing Liquidity Facility introduced by the Hong Kong Monetary Authority (HKMA), ...
Hong Kong’s Paul Chan should have been ‘bolder’ in his budget, economists say
There are some cost-cutting measures but they are only a piecemeal and definitely not a game-changer,’ Gary Ng says.
Hong Kong financial secretary sees ‘minimal’ impact from Trump’s sweeping tariffs on China
Paul Chan, Hong Kong financial secretary, discusses the potential impact of the U.S. President Donald Trump's tariffs on China.
Hang Seng Bank welcomes HK budget initiatives
Meanwhile, HSBC’s CIO expects AI to benefit from the announced plans. Hang Seng Bank has welcomed the recently announced budget initiatives for 2025-26, saying that they will “fuel further economic ...
HSBC, Standard Chartered among 24 Hong Kong lenders to get funds from yuan trade facility
The authority said each bank was granted a specific quota based on the scale of their business and the lenders in turn would provide yuan-denominated trade financing to their corporate clients.
Hong Kong’s ‘superman’ billionaire and the battle over the Panama Canal
The company founded by 96-year-old Li Ka-shing is caught up in Donald Trump’s complaints about China’s influence ...
Budget 2025: pay freeze for Hong Kong public servants, commercial land sales paused – as it happened
Chan on Wednesday also revealed the deficit had reached HK$87.2 billion (US$11.2 billion) for the 2024-25 financial year. He earlier estimated it would hit HK$100 billion, more than double what he ...
China’s Chery Auto files IPO application in Hong Kong
China's Chery Automobile has submitted an application for an initial public offering in Hong Kong, according to a prospectus published on Hong Kong Stock Exchange on Friday.
New budget guides Hong Kong’s economy towards steady growth: various sectors
HONG KONG -- Various sectors in Hong Kong believed that the Hong Kong Special Administrative Region government's 2025-26 budget, which was released on Wednesday, is a comprehensive, robust, and ...
Hong Kong’s ‘soft power’ can give tourism sector a boost, experts say
Budget cuts for tourism sector do not necessarily mean less development for the industry, lawmakers and insiders argue The development of Hong Kong's "soft power" will help to bring in more visitors ...
Civil servant pay freeze should not majorly impact Hong Kong’s private sector
Not many companies are expected to follow suit despite industry observers agreeing measures were necessary to tackle the city’s deficit.
HSBC focuses on digitisation to make banking easier
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’.