"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.
Unit of Chinese state-owned developer Greenland to apply for Hong Kong virtual asset trading licence, CEO says
Greenland is the first state-owned enterprise to express interest in entering Hong Kong's market for digital assets Greenland Financial Technology Group aims to trade assets including cryptocurrencies ...
HSBC to Commence USD2B Shr Buyback from Today
HSBC HOLDINGS (00005.HK) announced that it has entered into irrevocable, non-discretionary buy-back agreements with Morgan Stanley & Co. International plc to enable the purchas... HSBC HOLDINGS (00005 ...
HSBC Reported to Acquire Remaining 51% Stake in JV with Shanxi Trust
HSBC HOLDINGS (00005.HK) has reached an agreement with Shanxi Trust, pursuant to which it will acquire the remaining 51% stake in HSBC Jintrust Fund Management -- a joint venture b... HSBC HOLDINGS ...
Amid slower growth, Hong Kong’s economy must change alongside mainland China
Hong Kong has long been a service-based economy reliant on finance, tourism, trade logistics and professional services But as the Chinese economy shifts towards domestic consumption, Hong Kong must ...
Hong Kong leader says China’s sentencing of US citizen exposes national security threats
Hong Kong’s leader says the sentencing on spying charges of a U.S. citizen in China who was also a permanent resident of the semi-autonomous city illustrates that the territory should stay vigilant to ...