Insurance giant Prudential’s new business profit rose to ($2,14bn) £1.7bn in third quarter, which was a 37 per cent increase on the same period for 2022 as the firm credits its new strategy.
Hong Kong regulator issues tokenized investments requirements amid demand
Providers are expected to take full responsibility for their tokenized products and ensure effective record-keeping, large risk appetite, and demonstrate operational soundness, among other factors.
Hong Kong minibus drivers cry foul over higher cross-harbour tolls from next month, as lawmaker warns fee rise could put operators out of business
Minibus Union chief warns launch of time-varying tolls at three cross-harbour tunnels could deter commuters from using pricier transport services 'Most of us do five round trips a shift, which means ...
Hong Kong to allow retail access to spot crypto ETFs
Hong Kong is considering the introduction of exchange-traded funds (ETFs) that invest directly in cryptocurrencies.
New Legislation Holds Hong Kong Judges & Prosecutors Feet To The Fire
New legislation urging the sanctioning of nearly 50 judges and prosecutors in Hong Kong is the latest congressionally led measure designed to up the ante on the Hong Kong government. The bicameral, bipartisan legislation introduced by Senators Dan Sullivan ...
Hong Kong treats top bankers to lavish banquet, cultural show to launch Global Financial Leaders’ Investment Summit
The HKMA hosted 300 global bankers at the Palace Museum in the lead up to the second edition of its Global Financial Leaders’ Investment Summit that takes place over the next two days.
Why the world’s top bankers are gathering in Hong Kong
Hong Kong’s role is as a gateway to China, but many US investors have changed their tune on the country. “When we used to go [to the US], everyone wanted to talk about China,” said one senior Hong Kong-based executive who advises investment firms. Now, “it’s almost an uncomfortable topic — they try to change ...
Hong Kong pair Tang and Tse end 4-year wait for badminton mixed doubles title, eye World Tour Finals place
Mixed doubles pair Tang Chun-man and Tse Ying-suet win Germany Open for first title since Korea Masters in 2019. Rankings boost puts duo in reach of place in World Tour Finals.
Proposed US sanctions against Hong Kong officials may lead to national security cases being tried in mainland China, says top adviser to city leader
Regina Ip says sanctions may trigger ‘fallback measures’ included in security law for cases to be tried over border.
Hong Kong stocks start week with rally
Find out more about subscription packages here. HONG KONG stocks closed with another big gain on Monday (Nov 6) after a below-par US jobs report reinforced views that the Federal Reserve will not hike ...
Hong Kong’s SFC considers spot crypto ETFs in pursuit of a global DeFi hub
The Securities and Futures Commission (SFC) of Hong Kong, known for its stringent regulations and oversight of traditional financial markets, is now dipping its toes into the intriguing and rapidly ...
Hong Kong can use unique strengths to help further develop international trade laws with Beijing’s support, a top Chinese diplomat in city says
Li Yongsheng, acting commissioner for China's foreign ministry office in Hong Kong, praises local legal system and states country's commitment to relaxing trade rules He was addressing opening session ...
30 years of HKMA: Hong Kong’s de facto central bank drives fintech and green finance innovation, grows global stature
From its role in Hong Kong’s transition from British colony to China’s special administrative region, the HKMA is now carving out a place as a leader in fintech, financial regulations and green ...
Hong Kong is co-hosting the Gay Games. But it faces a backlash from the city’s conservative political elites
The first Gay Games in Asia has faced a political backlash in co-host city Hong Kong after a group of conservative lawmakers called on authorities to scrap the event – and even suggested it could ...