Profit growth slows to 7.3 per cent from 8.4 per cent a year earlier as bad loans exceed two-decade average, HKMA says Hong Kong's retail banks posted 7.3 per cent pre-tax profit growth last year, as ...
’70 percent of white-collar workers in HK use AI’
A survey carried out by management consultancy McKinsey suggests around 70 percent of white-collar employees in Hong ...
The father of a US-based Hong Kong activist is convicted under national security law
A Hong Kong court has convicted the father of a U.S.-based activist for attempting to deal with his daughter's financial assets in the city.
Hong Kong Property Scion Adrian Cheng’s Next Act
After stepping down in 2024 as CEO of his family’s debt-strapped property giant, New World Development, third-generation scion Adrian Cheng is charting an independent course.
Long-Awaited Insurance IPO Provides Windfall For Richard Li
FWD’s stock market debut in July, after five previous attempts to go public, garnered $466 million and helped to boost Li’s net worth by 51% to $6.8 billion.
Hong Kong’s 50 Richest 2026: Stock Market Rally Lifts Tycoons’ Wealth To All-Time High; Li Ka-Shing Remains The Richest
Among the notable gainers is the Keswick family, whose net worth shot up by close to 90% to $4.6 billion. Shares of their storied Jardine Matheson Holdings got a lift from a series of M&A deals ...
Hong Kong remains committed to digital assets but feels competition from an ‘aggressive’ UAE
Dubai and Abu Dhabi have established a solid regulatory framework for virtual assets, and each region has brought this under the auspices of a single, dedicated regulatory authority.
Hong Kong SFC approves crypto margin lending and perpetual contracts framework
Hong Kong’s financial watchdog has issued regulatory frameworks and guidance that will let licensed brokers lend money for cryptocurrency purchases and permit professional traders to access advanced ...
Father of U.S.-based Hong Kong activist convicted under national security law
The father of a U.S.-based activist wanted by Hong Kong authorities was convicted of attempting to deal with an absconder's financial assets on Wednesday, in the first court case of its kind brought under a homegrown national security law.
Elderly man who spiked soft drinks with urine handed 1-year probation order
An elderly man who spiked bottled soft drinks in supermarkets with his own urine has been sentenced to a 12-month probation order after a psychiatric report indicated his lack of emotional and stress regulation capabilities.
Hong Kong executives trail employees in AI adoption: McKinsey
Just 14 per cent of Hong Kong executives use AI frequently, as companies face strategy, data and training barriers to wider adoption The majority of Hong Kong's white-collar workers are embracing ...
China’s AI startup Zhipu releases new flagship model GLM-5
Chinese AI startup Zhipu on Wednesday released GLM-5, calling it a "new flagship model for chat, coding and agentic tasks," its website showed.
Hong Kong ready to issue first stablecoin licenses in March, Financial Secretary says
Hong Kong will begin issuing a small number of stablecoin licenses to companies with credible business models and strong compliance, Paul Chan Mo-po said.
Hong Kong activist’s father convicted under national security over insurance policy
By Jessie Pang HONG KONG, Feb 11 (Reuters) - A Hong Kong court found the father of a wanted activist guilty of a national security violation on Wednesday after he tried to end her insurance policy and ...