The authority said each bank was granted a specific quota based on the scale of their business and the lenders in turn would provide yuan-denominated trade financing to their corporate clients.
Hong Kong’s ‘superman’ billionaire and the battle over the Panama Canal
The company founded by 96-year-old Li Ka-shing is caught up in Donald Trump’s complaints about China’s influence ...
Budget 2025: pay freeze for Hong Kong public servants, commercial land sales paused – as it happened
Chan on Wednesday also revealed the deficit had reached HK$87.2 billion (US$11.2 billion) for the 2024-25 financial year. He earlier estimated it would hit HK$100 billion, more than double what he ...
China’s Chery Auto files IPO application in Hong Kong
China's Chery Automobile has submitted an application for an initial public offering in Hong Kong, according to a prospectus published on Hong Kong Stock Exchange on Friday.
New budget guides Hong Kong’s economy towards steady growth: various sectors
HONG KONG -- Various sectors in Hong Kong believed that the Hong Kong Special Administrative Region government's 2025-26 budget, which was released on Wednesday, is a comprehensive, robust, and ...
Hong Kong’s ‘soft power’ can give tourism sector a boost, experts say
Budget cuts for tourism sector do not necessarily mean less development for the industry, lawmakers and insiders argue The development of Hong Kong's "soft power" will help to bring in more visitors ...
Civil servant pay freeze should not majorly impact Hong Kong’s private sector
Not many companies are expected to follow suit despite industry observers agreeing measures were necessary to tackle the city’s deficit.
HSBC focuses on digitisation to make banking easier
HSBC remains committed to making banking easier and more secure within the ever-evolving economic landscape by blending the power of digitisation with the expertise of our colleagues and the strength ...
Hong Kong to reduce dependence on land sales as major income source: Paul Chan
But some lawmakers urge the government to make bidding exercises more attractive, saying land premium revenue ‘irreplaceable’.
Exclusive: HSBC cutting staff numbers by 900 at China Pinnacle unit, sources say
HSBC is reducing staff numbers at its China digital wealth business Pinnacle by nearly half, or about 900 people, two sources said, a sharp reversal of the bank's ambition for the unit as part of its ...
Investing in megaprojects crucial for Hong Kong’s growth despite deficits: Paul Chan
Hong Kong must invest in megaprojects such as the Northern Metropolis to drive economic growth even if they cause deficits, the finance chief has said, while appealing for understanding from the ...
Budget 2025: Measures do not address poverty, Hong Kong NGO says
Hong Kong’s new budget does not do enough to support the city’s underprivileged, an NGO has said, citing meagre subsidy allowances and the scrapping of a HK$2,500 grant for students. The Society of ...
HKEX Profit, Revenue Hit Quarterly Highs as IPO, Market Sentiment Pick Up
The stock-exchange operator said Thursday that net profit reached a fourth-quarter high of 3.78 billion Hong Kong dollars, beating market expectations.
Hong Kong’s latest budget aims to cut spending to tackle record HK$87b deficit
Hong Kong Finance Secretary Paul Chan has unveiled a "belt-tightening" budget aimed at ending the city's series of record-high deficits. The city is projected to mark its third consecutive financial ...