The company is a key player in China's hypercompetitive EV market, but has struggled to turn a profit amid rising competition and sluggish domestic demand.
Hong Kong public schools face ‘alarming’ 10% cut in grant amid city’s budget deficit
Hong Kong’s public primary and secondary schools will experience a 10 per cent reduction in government funding for the upcoming academic year. Some industry stakeholders have described these cuts as ...
HKIC says some firms in its portfolio have IPO plans
The SAR government investment vehicle on Thursday revealed that several of the companies it has invested in are considering or have filed ...
Hong Kong Passes Law to Regulate Fiat-Pegged Stablecoins
The new law introduces a licensing regime for stablecoin issuers as the city seeks to balance crypto innovation and investor protections.
Citi launches AI tools for Hong Kong employees
CITIGROUP has launched Citi AI, a suite of artificial intelligence (AI) tools for its employees in Hong Kong, the bank said on Thursday. Read more at The Business Times.
Xpeng shares soar 10% in Hong Kong as Chinese carmaker forecasts upbeat revenue
The company is a key player in China’s hypercompetitive EV market, but has struggled to turn a profit amid rising competition and sluggish domestic demand.
Hong Kong Ramps Up Tax Checks on Private Equity, Venture Funds
Hong Kong authorities are intensifying tax checks of private equity and venture funds as the Asian financial hub faces pressure to plug deficits.
Hong Kong passes stablecoin law, clearing way for licensed issuers to sell to public
Law sets up a ‘risk-based, pragmatic, and flexible regulatory regime’ with public protection in mind, head of city’s monetary authority says.
Hong Kong Dollar Amid ‘Asian Financial Crisis In Reverse’
The recent weakness in USD triggered the so-called “Asian Financial Crisis in reverse.” Taiwan dollar notably surged 10% against the USD. Read more ...
Some Hong Kong reporters and news outlets are targeted by unwarranted tax audits, media group says
A media group in Hong Kong says tax authorities have targeted at least 20 people, including journalists, current or former heads of media organizations and their families, with audits without ...
HSBC Kuwait and Hong Kong Trade Development Council discuss avenues for business growth
Expected annual two-way goods trade between Asia and the Middle East is projected to more than double to over USD1.9trn by 2035 ...
Hong Kong Approves Stablecoin Legislation
The Hong Kong government approved stablecoin legislation today. The new law provides for fiat-referenced stablecoins (FRC) for issuers in Hong Kong. The goal ...
Hong Kong passes stablecoin bill, one step closer to issuance
Hong Kong's legislature passed a stablecoin bill on Wednesday that establishes a licensing regime for fiat-referenced stablecoin issuers in Hong Kong, providing regulatory clarity for upcoming ...
Hong Kong’s Beleaguered Journalists Say Their Taxes Are Now Under Scrutiny
Several news outlets have been unreasonably subjected to tax investigations, according to the city’s journalists’ association, adding to pressures on press freedom.