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Posted on 26/06/2025

Hong Kong’s De Facto Central Bank Intervenes as Currency Hits Weak End of Trading Range

The city's currency is pegged in a narrow range of 7.75-7.85 to the greenback, and the Hong Kong Monetary Authority (HKMA) intervenes at both ends to underpin the peg. HKMA's intervention comes after ...

Posted on 26/06/2025

Hong Kong places first as most international city in Asia for 2025, followed by Singapore

In the first edition of the "Asian Cities Internationality Index," Hong Kong placed first as the most international city in Asia in 2025.

Posted on 26/06/2025

Richard Li’s FWD files for US$512 million Hong Kong IPO amid slew of jumbo deals

Insurer will get a market value of HK$48.3 billion based on its IPO price of HK$38 each, before an overallotment option.

Posted on 26/06/2025

Hong Kong intervenes to defend currency peg

Hong Kong’s de facto central bank has intervened in foreign exchange markets to defend the city’s currency peg.

Posted on 26/06/2025

Billionaire Richard Li’s FWD Group seeks to raise $442 million in Hong Kong IPO

Insurer FWD Group, backed by billionaire Richard Li, is looking to raise HK$3.47 billion ($442.08 million) through a Hong Kong initial public offering, according to a regulatory filing on Thursday.

Posted on 26/06/2025

Richard Li’s FWD Group Seeks $442 Million in Hong Kong IPO

Billionaire Richard Li’s FWD Group Holdings Ltd. is seeking to raise HK$3.5 billion ($442 million) in a Hong Kong initial public offering, seizing on a hot market to finally launch a share sale ...

Posted on 26/06/2025

Billionaire Richard Li’s FWD Group seeks to raise HK$3.47 billion in Hong Kong IPO

INSURER FWD Group, backed by billionaire Richard Li, is looking to raise HK$3.47 billion (S$565.3 million) through a Hong Kong initial public offering, according to a regulatory filing on Thursday.

Posted on 26/06/2025

Hong Kong’s de facto central bank intervenes as Hong Kong dollar hits weak end of trading range

Hong Kong's de facto central bank said on Thursday it sold 1.2 billion U.S. dollar against the Hong Kong dollar, which hit the weak end of its trading band.

Posted on 26/06/2025

Hong Kong’s Securities and Futures Commission approves Guotai Junan Securities to offer virtual-asset trading services

Guotai Junan Securities (Hong Kong), a subsidiary of Guotai Junan International, has reportedly secured approval to offer virtual-asset trading services, making it officially the first Chinese ...

Posted on 26/06/2025

Hong Kong Intervenes to Defend FX Peg as Local Currency Drops

Hong Kong’s de facto central bank bought the local dollar to prop it up on Thursday, in a move to defend the city’s currency peg to the greenback.

Posted on 26/06/2025

Hong Kong Real Estate Firm’s Art Lending Deal with Sotheby’s Hits Snag

Meanwhile, Sotheby's has bolstered its art-lending services in Hong Kong since late last year, joining institutions like HSBC and Citi in offering loans against alternative assets ...

Posted on 26/06/2025

How a Hong Kong startup is using 3D-printed tiles to help restore coral reefs – CBS News

3D printed “tiles” help revive coral around the world 03:37. A startup in Hong Kong is trying to help coral adapt to the problems humans have caused — with its innovative use of 3D printing ...

Posted on 26/06/2025

Hong Kong startup targets lithium battery waste with AI-powered recycling system – MSN

Lithium battery waste is piling up, and a Hong Kong-based startup is showing the world how to clean it up smartly. Achelous Pure Metals has developed a portable, eco-friendly recycling system ...

Posted on 25/06/2025

PH, Hong Kong customs deal to boost bilateral trade

Finance Secretary Ralph Recto said Wednesday a cooperative customs arrangement between the Philippines and Hong Kong is expected to boost trade and ...

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