Government anticipates strategy will help achieve budget surplus for 2025-26 financial year, with authorities to issue silver, green and infrastructure bonds over next five years Treasury chief ...
How Hong Kong turned its back on capitalism – and is paying a terrible price
Hong Kong’s Financial Secretary, Paul Chan, on Wednesday announced the first increase in income tax in the region in 20 years as authorities scramble to fill a growing budget blackhole. In a surprise ...
Hong Kong, Singapore, Japan regulators welcome tokenisation push, call for closer alliance with private sector
Regulators from Hong Kong, Japan and Singapore welcome the trend of tokenisation as a means to promote efficiency, disintermediation, liquidity and financial inclusion in markets.
Hong Kong Bourse Posts $1.5 Bn Profit Despite IPO Drought
Hong Kong's stock exchange operator said Thursday that revenue and profits in 2023 were the "second best on record" despite new listings plunging to the lowest level in more than a decade.
Hong Kong man arrested on suspicion of laundering HK$16 million after customs detects 11,000 transactions through 6 bank accounts
The delivery van driver, 36, handled illegal funds received from or transferred to more than 5,000 third-party accounts, according to customs One of the suspect's bank accounts handled more than 180 ...
HSBC Life Hong Kong issues most expensive life insurance policy
The Hong Kong insurer has issued policies worth at least US$50m over the past year. HSBC Life Hong Kong has set a new Guinness World Record by issuing the most valuable life insurance policy ever sold ...
Hong Kong finance chief defends monthly HK$1 million fireworks after pushback from residents
Hong Kong’s finance chief has defended plans for monthly fireworks shows that would cost HK$1 million each and are intended to entice tourists to stay longer in the city. Responding to residents in a ...
Guinness World Records: HSBC Life clinches title with US$250 million insurance policy sale in Hong Kong
The policy sale to an Asian customer handily surpasses the US$201 million cover bought by a tech billionaire in California in March 2014 Policy sale shows Hong Kong's rise as a leading ...
Hong Kong budget 2024-25: city delays Lantau Island reclamation project, orders all departments to tighten belts
In ‘a fiscal consolidation programme’, finance chief’s budget lists steps to cut expenditure in areas ranging from infrastructure to transport to civil service.
Chabaidao Joins Hong Kong IPO Tea Party
Chabaidao’s revenue grew 34.8% to 5.7 billion yuan in 2023, as the company has been consistently profitable over the last three years The premium tea chain operator plans to keep growing through ...
Hong Kong budget 2024-25: Paul Chan is proposing a new income tax threshold. But which high earners are set to foot the bill?
City leader John Lee is the only government official set to contribute extra to public coffers under finance chief's plan to introduce two-tiered standard rates tax regime MTR Corp executives, finance ...
As it happened: Hong Kong budget – all property curbs scrapped by finance chief Paul Chan in radical bid to boost ailing market
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{Short Sales}Full-day T/O at HK$17bn, or 15% of Total
HK$107.02 billion, with short-sales accounting for HK$16.58 billion, or 15.49% of the market's turnover. There were 667 short-selling stocks. TRACKER FUND (02800) and HSBC HOLDINGS (00005) saw higher ...
Hong Kong Budget 2024: Finance chief asks for ‘understanding’ over lack of sweeteners
Hong Kong’s finance chief has asked for the public’s “understanding” over a lack of sweeteners in this year’s budget, as a lawmaker said he was disappointed that the annual speech did not address ...