The People’s Bank of China (PBoC) is promoting adoption of the e-yuan among shoppers in Hong Kong. Bank of China (Hong Kong), one of the three note-issuing banks, is encouraging customers to use the e ...
How China’s Social Credit System Works
China's top government agencies published a draft law to establish the country's social credit system, envisioned as a giant, fully integrated mechanism to assess every legal entity in the country.
The IPO market is frozen. Here’s what’s needed for it to thaw
The window for initial public offerings all but slammed shut this past year, and experts are unwilling to bet on a swift reopening.
Scammers steal HK$127 million from mainland Chinese students in Hong Kong this year, posing as officials in deceptive phone calls
Amount represents 154 per cent jump compared with last year's total for the same period and includes 288 victims Officers foiled fake kidnapping case last week, stepping in before woman sold her house ...
Hong Kong teams face difficult journey to HSBC World Rugby Sevens Series, with challenger event setting high bar
World Rugby announces Challenger Series event for April, with city’s men and women both needing to win 12-team tournaments to progress.
Hong Kong property giant buys land for price at 8-year low
A leading Hong Kong developer has won a bid for land in a traditionally expensive area for the lowest price in eight years, in another sign of the city’s weakening real estate market. Tycoon Victor Li ...
Investors confident of yuan asset attractiveness, Chinese economy
Financial analysts said the market response to the People's Bank of China's issuance of central bank bills in Hong Kong demonstrates the attractiveness of yuan-denominated assets and the confidence of ...
Hong Kong retail investors are selling Hang Seng members while global funds power stock market rebound, Goldman says
Retail investors have been cutting their holdings as stock prices recover from multi-year lows They may favour lower-risk assets such as time deposits to shun market volatility, says Natixis's Gary Ng ...
As China pushes its digital currency plans, the US falls behind
China's digital yuan has been piloted in 15 provinces and tested across a multinational financial network. Meanwhile, the US is still developing a digital currency, endangering the dollar's place as ...
A housing glut in Hong Kong? Mega projects risk churning out too many flats as population trends change, experts warn
Experts argue previous estimation city will have more than 8 million residents by 2041 may no longer be accurate, noting population has fallen past two years.
KFin Technologies IPO subscribed 2.59 times on Day 3; QIBs, retail portion fully subscribed
The majority of bidding came from qualified institutional buyers and retail investors. However, the portion reserved for non-institutional investors did not even receive 50% of the subscribed against ...
BOC Aviation places aircraft in Middle East
The airline initially launched operations in 2009 with two A320s also from BOC Aviation. Since then its fleet has come and gone; it currently includes two vintage Boeing 737s and an A320. Almasria is ...
China’s central bank issues 5B yuan of bills in Hong Kong
China's central bank issued 5 billion yuan (about 715.7 million U.S. dollars) worth of central bank bills in the Hong Kong Special Administrative Region on Tuesday. The bills will mature in six months ...
Hong Kong stocks gain on China stimulus bets while Bank of Japan stokes recession risk in shift to tightening path
Stocks snap a two-day slide as traders stay optimistic China will dig deeper into its stimulus toolbox to support the virus-wrecked economy The Bank of Japan stokes concerns about recession after ...