Financial Secretary responds to calls by several political parties for introduction of basketball betting to combat illegal gambling while increasing public revenue ...
Hong Kong’s Mox Bank and Wise Platform to Introduce Low-Cost and Transparent Global Payments
a virtual bank in Hong Kong. With this integration, Mox customers can now “access low-cost, transparent and lightning-fast global money transfers, directly from their Mox app.” Powered by Wise ...
Hong Kong sees uptick in IPO applications year to date with interest rates poised to decline, HKEX CEO says
HKEX received 30 per cent more IPO applications so far in 2024, with start-ups eyeing capital raising as interest rates turn a corner, says newly-appointed CEO Bonnie Chan.
Hong Kong’s Central Bank Announces New Wholesale CBDC to Support Tokenization Market
Hong Kong's central bank announced the start of a wholesale central bank digital currency (wCBDC) project to support the development of the tokenization market. Project Ensemble will "seek to explore ...
Hong Kong’s finance chief Paul Chan reluctant to review tax regime as society already facing tough times because of geopolitics
Hong Kong’s finance chief has revealed for the first time that he has been reluctant to review the city’s tax regime despite the huge deficit because of a difficult external environment and ...
Hong Kong gov’t to cut funding for 59 major NGOs after 2 years of billion dollar budget deficits
The Hong Kong government has announced it will cut funding for major NGOs starting from 2025 amid two straight years of budget deficits over HK$100 billion. Labour and welfare chief Chris Sun told ...
Beijing ‘actively considering’ raising Hong Kong’s duty-free shopping allowance for mainland Chinese tourists
Senior Beijing official also hints in meeting with NPC delegates that series of preferential policies to support city’s tourism would be proposed.
Hong Kong public institutions should use bank loans, own land rights to make ends meet, says finance chief
Financial Secretary Paul Chan urges institutions such as West Kowloon Cultural District Authority to look into different options to make ends meet.
Hong Kong needs to leverage strengths as financial centre and connector
City urged to draw on its "super roles" to raise capital, as well as to connect with and support investors and help the country become a financial powerhouse As the world focuses on how the ...
Wealthy clients turn to HSBC, Manulife, Bank of China amid heightened interest in Hong Kong’s cash-for-residency scheme
Financial firms flooded with inquiries after government started accepting applications under the revamped investment migration programme Applicants need to invest at least US$3.8 million in stocks, ...
HSBC Sells ~$2B Life Insurance Policy in HK, Breaking World’s Record
HSBC Life sold a US$250 million (nearly HK$2 billion) life insurance policy in Hong Kong. The customer, a multinational billionaire from Asia, reportedly purchased the policy for the purpose of ...
HSBC Holdings PLC’s Dividend Analysis
HSBC Holdings PLC (NYSE:HSBC) recently announced a dividend of $1.55 per share, payable on 2024-04-25, with the ex-dividend date set for 2024-03-07. As investors look forward to this upcoming payment, ...
Hong Kong stocks lifted by tech sector ahead of JD.com earnings, caution prevails over lack of China stimulus
Tech stocks lead Hong Kong stock markets higher ahead of e-commerce giant JD.com’s earnings release but mood remains wary over lack of stimulus at China’s ongoing annual parliamentary meeting ...
China Vanke assures dollar bond repayment process ‘orderly’ amid liquidity worries
By Clare Jim HONG KONG (Reuters) -State-backed China Vanke said on Tuesday the funding for repaying its dollar notes due on March 11 was in place, amid more selling pressure on its bonds as concern ...