Hong Kong’s currency peg is now 40 years old. That means aches, pains and some questions about an early retirement. The city started pegging its currency against the U.S. dollar on Oct. 17, 1983.
Two Hong Kong banks facing record fines for short-selling in Korea: report
South Korea’s FSS said they made short-selling deals worth KRW40b and KRW16b, respectively. Two Hong Kong-based investment banks are being fined by South Korea’s Financial Supervisory Service for ...
Former Hong Kong district councillor arrested over MPF law breach, accused of illegally promoting scheme linked to pension fund
Chu Kong-wai, who was an ex-councillor in Yau Tsim Mong district before he was unseated in September 2021, detained by officers on Tuesday morning Chu will be escorted by police to three locations to ...
Hong Kong Court Rules That Gay Couples Get Equal Housing Rights
HONG KONG (Reuters) - A Hong Kong court on Tuesday dismissed a government bid to deny same-sex married couples the right to rent and own public housing saying that it was "discriminatory in nature" ...
Yo-Yo Ma Hong Kong Tickets Sell for as Much as Taylor Swift Gig
Cellist Yo-Yo Ma’s upcoming concert in Hong Kong is in such high demand that scalpers are charging more than $2,200 for a ticket, similar to the resale value of those for Taylor Swift’s Eras Tour.
Hong Kong LGBTQ rights: court upholds rulings that favour housing benefits for same-sex couples
Judgment by Court of Appeal follows Department of Justice's appeal against judge's decisions to grant gay couples housing rights under Home Ownership Scheme Under existing rules, same-sex couples can ...
Hong Kong Ballet reports data breach from ransomware attack, becomes third well-established city organisation to be hacked in 2 months
Renowned cultural institution says it has called in external cybersecurity experts to assess situation while no demands for ransoms have as yet been made.
Hong Kong shares open higher
Hong Kong stocks rallied at the open on Tuesday as investors tracked diplomatic efforts to prevent the Israel-Hamas crisis turning into a broader, ...
A Rare Occurrence: Houses Sold at a Loss in Hong Kong’s Second-Hand Housing Market
The eventual sale resulted in a loss of HKD 1.48 million or about 12%. This narrative, while personal, reflects a broader trend that may be taking root in Hong Kong’s property market. It serves as a ...
Habitat Property’s Victoria Allan says removal of Hong Kong’s property curbs is likely to boost home sales, but high interest rates are likely to keep prices in check
Removal of cooling measures is likely to 'impact sentiment and ... increase the transaction volumes by 5 per cent to 10 per cent', Allan says All eyes are on Chief Executive John Lee Ka-chiu's policy ...
SC man convicted of smuggling protected turtles between US, Hong Kong charged with animal abuse in GA
A South Carolina man, who was convicted of smuggling protected turtles internationally, has been charged with 15 counts of aggravated cruelty to animals.
After 40 years of stability, Hong Kong’s US dollar peg is here to stay
It is fair to say I have established a long-lasting and strong relationship with this important part of Hong Kong’s financial regime. The linked exchange rate system is a good one. It is the ...
New research reveals forgotten lives of Eurasian otters in Hong Kong
Researchers have gained new insights into the lives and losses of Eurasian otters in Hong Kong, as detailed in a paper published in the journal Oryx.
Xpanceo, a deep tech startup, raises $40M to focus on smart contact lenses
Today a deep tech startup called Xpanceo is announcing $40 million in funding from a single investor, Opportunity Ventures in Hong Kong, to pursue its take on one of the possible answers to that ...