HSBC, Bank of China (Hong Kong), China Citic Bank and DBS Bank, are among the lenders participating. Some of the city's digital banks such as Livi Bank, Welab Bank and ZA Bank, will also take part in ...
Asia markets track Wall Street decline, but China and Hong Kong reverse earlier losses
Economists polled by Reuters expect the U.S. economy to post a 5.2% year-on-year growth in the third quarter, while the Personal Consumption Expenditures price index is expected to climb 2.3% in the same period — its slowest rise since the fourth quarter of 2020.
Hong Kong sees rapid growth in R&D expenditure
HONG KONG, Dec. 21 (Xinhua) -- Hong Kong continued to see rapid growth in research and development (R&D) expenditure as the city steps up investment in innovation and technology (I&T), official data ...
Bail denied to Hong Kong rights lawyer in landmark security case
A Hong Kong court on Thursday rejected a fresh bail application for pro-democracy activist and lawyer Chow Hang-tung, whose subversion trial under a China-imposed national security law is expected to ...
Hong Kong’s Emergence as a Hub for Startups and AI Applications
Hong Kong’s startup ecosystem has witnessed exponential growth in recent years, boasting 3,985 startups and 14,932 employees—an increase of 52% and 56%, respectively, since 2018. Government ...
Hong Kong launches ambitious plan to land family offices for the super-rich, but how does it stack up against competition for the lucrative market?
Secretary for Financial Services and the Treasury Christopher Hui says he is confident scheme a credible rival to Singapore's Global Investor Programme Government says scheme could bring in HK$120 ...
China’s Huawei could be the surprise IPO of 2024
Huawei’s CEO Ren Zhengfei always insisted that the telecoms giant he founded will never become a publicly traded company and that it would instead focus on working for the bigger ideals of society. An ...
Two major national security trials are putting the spotlight back on civil rights in Hong Kong. Here’s what to know
The fates of many of Hong Kong’s leading pro-democracy figures are at stake in two ongoing trials that spotlight the impact of the Beijing-imposed national security law on the once outspoken city.
Text messages by 23 Hong Kong mobile service providers to carry ‘#’ prefix from next Thursday under anti-phishing drive
Office of the Communications Authority says first round of networks will be able to register numbers with watchdog and get hashtag to verify sender identities.
Rogue Hong Kong cabbies must get point of new law
Taxi drivers who give their colleagues and city a bad name face punishment under a demerit system that is sorely needed The meter is about to start running on taxi drivers who embarrass their ...
Hong Kong property: sole bidder Sino Land secures site on Lantau Island for US$26 million, nearly 20% below expectations as market languishes
Sino Land, the only bidder in the tender for a plot of land on Lantau Island, has paid a price nearly 20 per cent lower than market expectations as Hong Kong’s housing market continues to languish in ...
Mox Invest: Standard Chartered’s HK-based Mox Bank launches fractional trading platform
Mox Invest allows customers to easily trade Hong Kong equities and create U.S. stock equity portfolios, including through U.S. fractional securities trading. Additionally, Mox Invest allows customers ...
Hong Kong’s problems trace back to China. And also America
The high cost of capital may have encouraged firms to run down their inventories, contributing to the sharp slowdown in growth in the second quarter, argues Goldman Sachs, a bank. The currency peg has ...
Hong Kong Stock Exchange: derivatives, ETF trading rise to offset slump in IPO, share markets, as ‘diversification efforts pay off’
Hong Kong Exchanges and Clearing (HKEX), which runs Asia’s third-largest stock market, reported strong growth in derivatives trading despite a big fall in new listings, in an indication that the ...