Mastercard and Visa join Hong Kong's CBDC pilot, new instalment in Justin Sun's Huobi soap opera, and a GameFi token pumps on no news.
Hong Kong earmarks additional HK$5 billion for ‘safeguarding national security’
The Hong Kong government allocated an extra HK$5 billion to its national security “special fund” in the last financial year, an official document published on Friday has revealed. Citing the national ...
HK moves step closer towards digital currency
The SAR is one step closer to a central bank digital currency as the Hong Kong Monetary Authority (HKMA) launched a pilot program for e-HKD on ...
Hong Kong accountant loses HK$700,000 in phishing scam, joining 1,408 others who collectively lost HK$26.1 million this year
We have difficulties identifying suspects as they are not in Hong Kong." Chan added that most of the time ... said it was negotiating with police, the banking sector and mobile network operators about ...
HK moves step towards digital currency
The SAR is one step closer to a central bank digital currency as the Hong Kong Monetary Authority (HKMA) launched a pilot program for e-HKD on ...
Hong Kong proposes speeding up land lease renewal process, with 300,000 sites to expire by 2047
"As the leases granted in the early days of Hong Kong gradually come to their expiry date ... For land under multiple ownership, the department would grant a new lease to the Financial Secretary ...
Hong Kong banks hike deposit rates as cash conditions tighten
Banks in Hong Kong are rushing to raise deposit rates and attract retail money as a spurt in loan demand and investment outflows led to an abrupt tightening of cash conditions. The scramble to lure ...
Foreign Freak-Out As Mainland Buys Hong Kong, Tencent Results Review
After the Hong Kong close, Tencent (700 HK, TCEHY US) reported Q1 financial results as revenue beat analyst expectations though adjusted net income and adjusted EPS missed. There were plenty of ...
Hong Kong’s treasury chief stonewalls calls for more relief measures for homebuyers as Legco approves stamp duty bill
Secretary for Financial Services and the Treasury Christopher Hui says stamp duty bill will benefit about 37,000 homebuyers Legislator Louis Loong urges authorities to drop all anti-property ...
Hong Kong family living in high-end duplex arrested for allegedly running love scams that raked in HK$21 million
Two brothers and their mother allegedly bought two luxury cars - Porsche and seven-seater vehicle - with suspected crime proceeds 324 Hongkongers fell victim to internet love scams between January and ...
HSBC appoints head of Hong Kong’s PayMe
Asia-focused HSBC has appointed Brad Jones as the new head of PayMe, a mobile wallet in Hong Kong with 3 million users and a network of nearly 55,000 online and physical merchants. Jones will be ...
Hong Kong’s revamped IPO rules and dual-currency trading counter will drive yuan internationalisation, tech innovation, HKEX says
Hong Kong's market 'will facilitate the yuan's internationalisation and technology innovation', HKEX's chief China economist says More than 30 countries currently use the yuan for trade settlements ...
Hong Kong shopping spree for 2,000-strong mainland China tour group as some locals complain about disturbance to daily life
Coach loads of visitors arrive one after another at jewellery shop in Hung Hom after breakfast at To Kwa Wan restaurant.
Hong Kong stocks fall as investors wait on tech earnings, fret over China recovery and US debt-ceiling fight
Investors are looking to tech giants’ earnings reports for positive signs after economic data from China proved underwhelming while the threat of US default over the debt-ceiling fight looms.