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Posted on 22/02/2023

Hong Kong budget 2023-24: after ‘Hello’, comes ‘Happy’ – finance chief to dish out consumption vouchers as part of drive but focus is on new growth engines

Financial Secretary Paul Chan expected to roll out consumer vouchers and raise taxes 'Happy Hong Kong' drive also to be announced, featuring collaborations with theme parks to boost local spending ...

Posted on 22/02/2023

Peter Thiel-Backed SPAC Weighs Merger With HK Fintech Hyphen, Sources Say

Bridgetown Holdings Ltd., the US-listed blank-check company backed by billionaires Peter Thiel and Richard Li, is considering a merger with financial technology firm Hyphen Group, according to people ...

Posted on 22/02/2023

Hong Kong Plans to Let Retail Sector Trade Larger Crypto Tokens Like Bitcoin

Hong Kong outlined a plan to let retail investors trade digital tokens like Bitcoin and Ether, taking a major step toward its goal of becoming a crypto hub in a policy shift that contrasts with a ...

Posted on 22/02/2023

Hong Kong banks hit by China property exposure

Hong Kong-listed banks have reported an increase in expected losses linked to their exposure to the ailing property sector in mainland China, despite a brighter overall earnings picture. HSBC Holdings ...

Posted on 22/02/2023

Scientist convicted of editing babies’ genes granted visa for Hong Kong

He Jiankui plans to conduct research at universities in territory despite criminal record for ‘illegal medical practices’ in China ...

Posted on 21/02/2023

Hong Kong in bid to become global centre for multi-trillion dollar green technology finance market and create new economic pillar post-Covid

Plan for city to become global green tech finance centre to be unveiled in Wednesday's budget with new task force to push proposal forward A separate task force will be established to boost city's ...

Posted on 21/02/2023

Scientist who gene-edited human babies is out of jail, trying to start a comeback

Hong Kong's visa scheme for top talent has attracted an infamous applicant: He Jiankui, the Chinese scientist who controversially edited human embryos in 2018.

Posted on 21/02/2023

Scientist behind gene-edited babies eyes work in Hong Kong

A Chinese scientist who set off an ethical debate five years ago with claims that he made the world’s first genetically edited babies says he hopes to research rare hereditary diseases in Hong Kong ...

Posted on 21/02/2023

Sino Land set to launch some 2,100 flats this year as it turns ‘cautiously optimistic’ on Hong Kong’s property market

Sino Land, which posted a 36 per cent decline in half-year profit, plans to launch nearly 2,100 flats, including about 640 in Lohas Park this year Efforts to attract global talent, a tapering of the ...

Posted on 21/02/2023

Profits jump at HSBC as it moves to fend off break-up calls from China

HSBC today moved to fend off pressure from one its biggest shareholders to break up the group and return chunks of cash to investors. Ping An, a Chinese financial group which has a long history with ...

Posted on 21/02/2023

Hong Kong hopes free air tickets revive tourism as fiscal deficit soars

With a huge bill racked up in its efforts to contain the COVID-19 pandemic, Hong Kong is under pressure to revive its struggling economy and restore investor confidence.

Posted on 21/02/2023

Hong Kong’s crypto ambition gets subtle nod from Beijing: Report

Beijing is reportedly giving quiet support to the special region of Hong Kong in its vision to become a cryptocurrency hub in Asia.

Posted on 21/02/2023

HSBC eyes special payout after profit jumps, bonus pool cut

In a move that will prove especially popular to its large investor base in Hong Kong, HSBC said it would resume paying quarterly dividends from the first quarter this year. It said it has brought ...

Posted on 21/02/2023

HSBC to pay largest dividend in 4 years, lifted by bumper fourth-quarter profit that beat forecasts

HSBC said it would pay shareholders its biggest dividend in four years, after the fourth-quarter profit of Hong Kong’s largest bank more than doubled on higher interest rates and improved revenue in ...

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