The Asian metropolis has decided to grant residency to those who invest 30 million Hong Kong dollars ($3.8 million) into it, Bloomberg reported on Tuesday. The Capital Investment Entrant Scheme, as ...
Hong Kong banks to share account data to ‘improve efficiency, lower costs’ under HKMA pilot scheme
HSBC, Bank of China (Hong Kong), China Citic Bank and DBS Bank, are among the lenders participating. Some of the city's digital banks such as Livi Bank, Welab Bank and ZA Bank, will also take part in ...
China’s Huawei could be the surprise IPO of 2024
Huawei’s CEO Ren Zhengfei always insisted that the telecoms giant he founded will never become a publicly traded company and that it would instead focus on working for the bigger ideals of society. An ...
Mox Invest: Standard Chartered’s HK-based Mox Bank launches fractional trading platform
Mox Invest allows customers to easily trade Hong Kong equities and create U.S. stock equity portfolios, including through U.S. fractional securities trading. Additionally, Mox Invest allows customers ...
Hong Kong’s problems trace back to China. And also America
The high cost of capital may have encouraged firms to run down their inventories, contributing to the sharp slowdown in growth in the second quarter, argues Goldman Sachs, a bank. The currency peg has ...
Hong Kong unveils new capital investment entrant scheme
HONG KONG -- The Hong Kong Special Administrative Region (HKSAR) government has announced the details of the new capital investment entrant scheme (CIES), with a view to further enriching the talent ...
Hong Kong economy, property market to benefit from rate-cut cycle as early as March, analysts say
Analysts expect the Federal Reserve to start cutting interest rates next year, with one expecting the first salvo in March. Lower rates would benefit Hong Kong’s property and capital markets, and ...
Hong Kong set to reduce sellers threshold for old buildings to as low as 65% in 7 areas under urban renewal bid
Proposed legal amendment to be submitted to Legislative Council for first reading in January and expected to take effect in first half of 2024, development authorities say 'We would like to encourage ...
Hong Kong’s MPF assets rebound as global markets rally
Hong Kong’s Mandatory Provident Fund assets grew 4.5% month-on-month to HK$1.11 trillion (US$141 billion) in November as global markets rebounded, according to local investment firm GUM. The gain was ...
New capital investment scheme could bring in HK$120 billion annually to Hong Kong, financial services chief says
Financial services chief Christopher Hui reveals details of New Capital Investment Entrant Scheme and expresses confidence in its appeal to talent.
Hong Kong Market Drops Amid Broader Asian Rally, Japan’s Stocks Gain on Dovish BOJ
Asian stock markets largely gained on Tuesday with the exception of Hong Kong. The standout performer was the Japanese market, where stocks reacted well to an unexpectedly dovish statement from the ...
Another Chinese billionaire to emerge as Tencent-backed robot maker UBTech makes final Hong Kong IPO of 2023
UBTech, a Chinese maker of robots, will make its Hong Kong listing debut on the final trading day of 2023. Its 47-year old founder and CEO Zhou Jian is set to become a billionaire.
Hong Kong: Jimmy Lai’s trial highlights rule of law concerns
After three-and-half years in jail, Jimmy Lai was finally ushered into a Hong Kong courtroom to stand trial for treason. He was brought in through the back door, so only those inside the courtroom on ...
HK bankers’ uneasy dance with property tycoons
HONG KONG dazzles with its soaring skyscrapers and swanky shopping malls, and the city has its bankers to thank.