The financial industry is an integral part of Hong Kong. Not only is the city one of the world’s leading financial centers, the financial sector is also the territory’s second largest industry.
Evolve or perish: death knell for Hong Kong’s deposit-taking companies as reform deepens
Hong Kong’s deposit-taking companies, once a thriving corner in Hong Kong’s banking system, are facing an ultimatum: evolve by recapitalising within five years, or perish.
Banking Sector Suggests Govt to Actively Enhance Offshore RMB Centre Status of HK
According to local media, some representatives of the banking sector suggested that the Government should actively enhance Hong Kong's offshore RMB centre status, including considering allowing ...
HSBC HOLDINGS Buys back ~6.46M Shrs for HKD430M in Total Ytd
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 6.4576 million shares of the company n the UK and Hong Kong markets yesterday (20th), involving a total of HKD430 million. Among which ...
Funding for esports could result in big win for Hong Kong economy, industry players say
Focus turns to esports after Cheng Yip-kai, 16, becomes first Hongkonger to win Pokemon World Championships Hong Kong should inject more funding into the esports industry to boost the city's economy ...
China Market Update: XPeng, Vipshop, And Kuaishou Report Financial Results
Asian equities had a strong day except for Hong Kong and Mainland China, which experienced light volumes and profit-taking following recent outperformance.
HSBC HOLDINGS (00005.HK) Considering Selling South African Biz: Rumor
Bloomberg quoted informed sources as saying that HSBC HOLDINGS (00005.HK) is considering selling its South African business in order to focus on the Asian market. HSBC HOLDINGS, however, declined to ...
Hong Kong Lawmaker Pushes for DAO Regulation amid Legal Precedent
Hong Kong Legislative Council member Johnny Ng has recently called for the government to explore regulations governing DAO sector.
Hong Kong issues generative AI guidelines for consumer protection
The Hong Kong Monetary Authority (HKMA) issued guiding principles for generative artificial intelligence use in consumer-facing applications to safeguard end-users. The HKMA, Hong Kong’s central ...
Hong Kong’s shift to innovation hub won’t be contained by US, minister says
The latest moves by Washington to limit Hong Kong’s access to American health data and biotech equipment exports have had a “relatively limited” impact on the city’s goal of becoming a regional ...
PwC loses major client Bank of China amid regulatory probe
Auditor PwC has lost its largest mainland China-listed client, Bank of China , to rival EY, adding to an exodus of clientele amid a regulatory investigation into its work on troubled property ...
HSBC HOLDINGS Buys back 3.35M+ Shrs for HKD223M in Total
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 3.3551 million shares of the company on the UK and Hong Kong markets yesterday (19th), involving a total of HKD223 million. Among ...
Cathay/HSBC Hong Kong Rugby Sevens Confirmed for March 28-30, 2025
HONG KONG & LOS ANGELES, August 19, 2024--(BUSINESS WIRE)--Hong Kong China Rugby (HKCR) is delighted to announce that the 2025 Cathay/HSBC Hong Kong Sevens will take place from March 28 – 30, 2025.
China Market Update: Hong Kong Growth Stock Momentum Continues
Asian equity markets were mixed on light news prior to the US Fed’s Jackson Hole meetings as the US dollar fell against Asian currencies and Hong Kong, Thailand, and Malaysia outperformed while Japan ...