HSBC said on Thursday that Chairman Mark Tucker will retire by the end of this year, after nearly eight years in the role at Europe's biggest bank presiding over its dramatic shrinking and navigating ...
Hong Kong authority intervenes in market to check local currency’s rise
Hong Kong's de-facto central bank said it sold HK$46.54 billion ($6 billion) into the market on Saturday to prevent the local currency from strengthening beyond its official peg to the U.S. dollar, ...
Hong Kong doctor says clinic in hot water owes him up to HK$800,000 in wages
A former full-time doctor at the Alliance Medical Group in Hong Kong has said the firm’s sudden closure followed months of financial instability, leaving him with unpaid wages of up to HK$800,000 ...
Hong Kong reins back local dollar amid capital inflow ahead of US rate cut decision
In its first market intervention in two years, the city’s de facto central bank bought US$6.005 billion at HK$7.75.
ZA Bank reports HK$548m net revenue and narrows losses by 42%
Net interest income is 86% higher in 2024. ZA Bank said that it has narrowed its losses by 42% year-on-year (YoY) in 2024, with a net revenue of HK$548m. This is an improvement of HK$167, the Hong ...
Hong Kong Buys US Dollars to Maintain FX Peg in First Since 2020
The Hong Kong Monetary Authority bought US dollars to cap the gains of the city’s currency, the first such intervention since 2020.
Hong Kong March retail sales fall 3.5%
Hong Kong's retail sales by value fell by 3.5% in March from a year earlier, marking an 13th consecutive month of declines, government data showed on Friday.
Meitu founder buys Hong Kong’s Ginza-style building for US$84 million
Mike Cai Wensheng, the co-founder and chairman of Chinese selfie app Meitu, bought a 53,000 square foot commercial building in Hong Kong for HK$650 million (US$84 million), with plans to turn the ...
Hong Kong’s tax revenue jumps 10% fuelled partly by talent influx, property sales
Hong Kong’s tax revenues have increased by about 10 per cent in the past financial year, driven in part by the influx of talent among taxpayers and a boost in property transactions, according to ...
Hong Kong’s Airstar Bank completes cloud migration with Tencent
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HSBC sets up captive insurer in Hong Kong to support growth in Asia
Move will solidify Hong Kong’s position as a global leader in asset, wealth, and risk management, lender’s CEO in the city says.
Hong Kong police arrest family of pro-democracy activist, reports say
Anna Kwok's father and brother have been accused of helping the US-based pro-democracy activist with her finances, local media report.
Hong Kong’s economy accelerated in Q1 ahead of tariff storm
Hong Kong's economy grew in the first quarter by 3.1% from a year earlier, official advance estimates showed on Friday, expanding for a ninth quarter. That was a faster rate than the mean forecast of ...
Hong Kong’s GDP growth unexpectedly picks up amid tourism and export boom
HONG KONG] Hong Kong’s economy expanded at the fastest pace in more than a year, benefiting from a recovery in tourism and an export bump before US President Donald Trump’s drastic tariff hikes. Read ...