The HKMA hosted 300 global bankers at the Palace Museum in the lead up to the second edition of its Global Financial Leaders’ Investment Summit that takes place over the next two days.
Hong Kong’s SFC considers spot crypto ETFs in pursuit of a global DeFi hub
The Securities and Futures Commission (SFC) of Hong Kong, known for its stringent regulations and oversight of traditional financial markets, is now dipping its toes into the intriguing and rapidly ...
30 years of HKMA: Hong Kong’s de facto central bank drives fintech and green finance innovation, grows global stature
From its role in Hong Kong’s transition from British colony to China’s special administrative region, the HKMA is now carving out a place as a leader in fintech, financial regulations and green ...
Hong Kong stocks jump by most in 2 months with Alibaba, HSBC gains amid China data boost, while New World surges on asset sale
Stocks are set for a second weekly advance as China’s services sector expands. Policy support also helped lift confidence as mainland funds scoop up more local equities.
Hong Kong’s Policy Address: Exorbitant and introspective, it ignores the city’s fiscal reality and global perspective
Chief Executive John Lee recently delivered his second Policy Address since assuming office in July 2022, detailing numerous initiatives to address both the opportunities and challenges confronting ...
Hong Kong stocks jumo by most in 2 months with Alibaba, HSBC gains amid China data boost, while New World surges on asset sale
China's services sector expanded in October, compensating for surprise drop in factory activity New World Development surged after shareholders approved the sale of its stake in NWS Holdings for cash ...
HSBC keeps prime rate unchanged after HKMA maintains base rate at 5.75%, giving Hong Kong businesses, homeowners relief
HKMA's rate pause is the third in the current hiking cycle that began in March 2022; another increase in 2023 remains a close call After HSBC's decision to keep prime rate steady, eyes on other banks' ...
Exclusive: Uzbek Man Linked To Ex-President’s Daughter Arrested Allegedly Trying To Get Money From Hong Kong Bank
In the latest twist to a drama surrounding once-powerful, now-disgraced Uzbek socialite Gulnara Karimova, her ex-husband has been arrested in Hong Kong. Rustam Madumarov may have been sent by a ...
No changes to Hang Seng Bank’s HKD prime lending rate
Its HKD savings deposit rates also remain unchanged. Hang Seng Bank has made no changes to its Hong Kong dollar prime lending rate. It remains at 5.875% per annum (pa), the bank said in a press ...
Bank of China Hong Kong keeps HKD prime rate, deposit rate steady
Savings accounts with over HK$1m will enjoy a 0.001% pa additional bonus rate. Bank of China (Hong Kong) is keeping its Hong Kong dollar prime rate and savings deposit rate unchanged at 5.875% per ...
Hong Kong stocks set for weekly gain as Alibaba, HSBC jump on China data while New World surges on cash boost
Stocks are set for a second weekly advance as China’s services sector expands. Policy support also helped lift confidence as mainland funds scoop up more local equities.
HK’s Financial Secretary Defends Robust Virtual Assets Regulation Amidst JPEX Probe
Hong Kong’s Financial Secretary, Paul Chan Mo-po, has asserted that stringent regulation of virtual assets is crucial for market development, defending the ...
Strict financial control by Beijing spells more opportunities for Hong Kong
As crucial meeting makes it clear China's regulatory regime will only become tighter, the city stands to feel the benefit as being a bridge with the West China's central financial work conference ...
Has Beijing secured Hong Kong’s status as an international finance hub?
Beijing’s recent pledge to improve Hong Kong’s status as an international financial centre – a show of commitment to the city made at a time when questions about its purpose grow more acute – has ...