The US investment bank says the residential sector will see a gradual recovery this year after the US Federal Reserve begins to cut rates and Hong Kong mortgage rates are lowered from the second ...
Most Hongkongers think perks such as consumption vouchers unnecessary in coming budget, finance chief says
Financial Secretary Paul Chan also predicts economy will be more stable this year owing to falling interest rates Chan says government spent 'a lot of money' during the pandemic, with city's deficit ...
HK Bolsters Fintech, Sustainable Finance with Multi-Currency Digital Green Bond Offering
The Government of the Hong Kong Special Administrative Region (HKSAR) announced the successful issuance of approximately HK$6 billion in digital green bonds, ...
Most Hongkongers think perks like consumption vouchers are unnecessary in coming budget, finance chief says
Financial Secretary Paul Chan also predicts economy will be more stable this year owing to falling interest rates Chan says government spent 'a lot of money' during the pandemic, with city's deficit ...
Lunar New Year prophecy reveals ‘Hong Kong is trapped in forest’, fortune-teller says as rural leader draws ‘neutral’ stick in annual ritual
Kenneth Lau, head of city's rural leaders, draws fortune stick which reads 'holding an axe and entering a forest, looking for something not yet obtained' Fortune-teller Chan Tin-yan outside the Che ...
Year of the Dragon: Hang Seng to top 20,000 points as stocks face early pain, major swings, feng shui expert predicts
The Hang Seng Index has had an unbroken winning run during all of the dragon’s 12-year cycle, with gains ranging from 0.5 per cent to 33.4 per cent.
‘Fake CFO’: $25 Million Deepfake Video Call Scam Rocks Hong Kong Company
The hype around AI and chatbots like Bard and ChatGPT is leading to an explosion of AI-generated content, from pictures to written content. However, not everyone is using this technology for good.
China Market Update: No Policy Lift In Hong Kong With Mainland Closed, Week In Review
Asian equities were mixed but mostly higher overnight though Hong Kong closed lower in a half-day session and Mainland China was closed for the Lunar (Chinese) New Year holiday.
KK Group Hopes The Fourth Time Is Lucky With New Hong Kong IPO Bid
KK has filed for a long-planned Hong Kong IPO, as it recently turned profitable and opens new stores at a brisk rate The fast-growing lifestyle retailer’s GMV rose 43% in the first 10 months of 2023, ...
Hong Kong Startup Raises $6.85 Million Series A For Blockchain-Powered Insurance Claims
With over 1 million policyholders and 16 insurance companies assisted, MediConCen says it plans to expand into the Middle East and Southeast Asia.
HKMA head rejects calls to prop up sinking Hong Kong stock market
The chief executive of the Hong Kong Monetary Authority has dismissed calls from lawmakers for Hong Kong’s de facto sovereign wealth fund to boost investment in the tumbling domestic stock market.
New highs for Nikkei, Hong Kong limps to holiday break
Japanese shares hit 34-year highs on Friday and strong earnings had the S&P 500 at record close, while oil prices were set for a sharp weekly rise on Israel's rejection of a ceasefire offer from Hamas ...
Hong Kong authorities propose regulatory shake-up for over-the-counter virtual asset stores, with unlicensed outlets to risk 2-year jail term
Financial Services and the Treasury Bureau launches public consultation for proposed regulations covering over-the-counter traders, in bid to clamp down on crypto scams 'Nowadays we don't have any ...
Firm Loses HK$200 Million After Deepfake Video Meeting
Employees at a multinational company were duped into transferring HK$200 million (US$25.6 million) to local bank accounts after a deepfake video conference call.