The city hosts more of the world’s top 500 family enterprises than any other city in Asia, and is the second-largest global offshore wealth centre.
Hong Kong gov’t amends national security law, allowing suspects’ assets to be frozen until legal proceedings end
The Hong Kong government has amended the Beijing-imposed national security law to allow authorities to freeze assets of suspects and defendants until all legal proceedings against them have concluded.
Hong Kong Hires Banks for Digital Green Bonds Issuance
The Hong Kong government has hired five banks to explore a series of digital green bond sales, following a maiden offering earlier this year.Most Read from BloombergRange Rovers Become Thief-Magnets, ...
Hong Kong’s legal clampdown on China critic Jimmy Lai
A landmark Hong Kong national security trial against the now-defunct pro-democracy newspaper Apple Daily and its founder, Jimmy Lai, begins this month.
Hong Kong puts bounties on 5 overseas-based pro-democracy activists
Hong Kong police accused five overseas-based activists of violating a harsh national security law imposed by Beijing and offered rewards of 1 million Hong Kong dollars ($128,000) on Thursday for ...
Hong Kong Stocks Soar More Than 3% In Morning Trade
Hong Kong stocks soared more than three percent in the morning session Friday, extending a rally fuelled by the Federal Reserve's indication that it will cut interest rates next year.
Asian IPO market seen brighter in 2024 but elections cast shadows
Bankers in Asian equity capital markets are hopeful of a better year in 2024 after a dismal showing for IPOs this year, noting that interest rates have stabilized globally but they add that elections ...
Hong Kong national security police offer HK$1 million bounties on another 5 fugitive opposition figures
Simon Cheng, Frances Hui, Joey Siu, Johnny Fok and Tony Choi – are accused of inciting secession and collusion with foreign forces.
Bank of East Asia refreshes logo’s colour to a sunrise hue, exhorts customers to ‘live every moment,’ as it taps wealth business
Like its competitors, Bank of East Asia is betting on Hong Kong’s expanded role in the Greater Bay Area to tap the growing affluence and China’s potential for wealth management.
HSBC leads Hong Kong banks in keeping prime rates steady after city holds fire in tandem with the Federal Reserve
Fed chairman Jerome Powell said the central bank will start cutting rates well before it hits the inflation goal Analysts believe the Fed has reached its peak rate level, but the US central bank is ...
HSBC to Further Engage in Mergers, Disposals for Asia Expansion
HSBC is looking for mergers, along with the disposal of unprofitable units in Asia, as part of its plan to expand its footprint in the region and serve its wealthy clients.
Chinese biotech firm HighTide Therapeutics slashes Hong Kong IPO size by 80% to US$35.6 million
Chinese biopharmaceutical manufacturer HighTide Therapeutics is aiming to raise HK$278 million (US$35.6 million) from an initial public offering in Hong Kong, a fraction of the originally planned ...
Hang Seng Bank’s prime lending rate remains 5.875% per annum
Its deposit savings rate also remains unchanged. Hang Seng Bank is maintaining its prime lending rate at 5.875% per annum. Its Hong Kong dollar savings deposit rates also remained unchanged. Accounts ...
Bank of China HK uses e-CNY for $5.1m cross-boundary settlement
CNY for cross-boundary settlement of RM24m (approximately US$5.13m), the first-time that BOCHK did so. To do this, BOCHK set up an e-CNY wallet on its corporate internet banking platform iGTB NET ...