Hong Kong's Securities and Futures Commission has revealed its plan to allow retail investors to trade large-cap crypto assets on licensed crypto exchange platforms in the country.
Hong Kong’s financial secretary expects city’s economy to grow between 3.5% and 5.5%
Hong Kong's Covid-hit economy will return to growth this year and expand by between 3.5% and 5.5%, as the city opens up and China's economic outlook improves, Hong Kong's financial secretary said on ...
Hong Kong unveils budget, promising ‘abundant opportunities’ as city recovers
Hong Kong's Financial Secretary Paul Chan struck a positive tone on Wednesday as he revealed the city's budget.
Hong Kong banks hit by China’s property exposure
Banks remain uncertain whether China’s policy measures could bring a meaningful recovery in property demand. (Reuters pic) HONG KONG: Hong Kong-listed banks have reported an increase in expected ...
Hong Kong residents to receive new HKD 5,000 consumption voucher
This includes supermarkets, restaurants, beauty salons, public transport, and more. It’s also accepted in online platforms that allow payment by Alipay Hong Kong, BoC Pay, Octopus, PayMe, HSBC, Tap & ...
HSBC’s Defense Is Sturdier Than Standard Chartered’s
HSBC Holdings Plc and Standard Chartered Plc both have unwanted attention from outsiders: HSBC’s biggest investor is demanding a breakup, and a potential suitor from Abu Dhabi is threatening the ...
Hong Kong Budget 2023: City expects to see HK$140 billion deficit, but ‘visible rebound’ in economy expected
The Hong Kong government expects to record a deficit of HK$140 billion in 2022-23, more than double the HK$56 billion initial estimate. The estimated fiscal deficit was revealed by Financial Secretary ...
Hong Kong’s crypto hub plans win quiet backing from Beijing
Hong Kong rolled out the red carpet for crypto businesses to help revitalise the embattled financial hub. Signs are now emerging that the push has under-the-radar backing from Beijing, providing ...
Hong Kong budget 2023-24: after ‘Hello’, comes ‘Happy’ – finance chief to dish out consumption vouchers as part of drive but focus is on new growth engines
Financial Secretary Paul Chan expected to roll out consumer vouchers and raise taxes 'Happy Hong Kong' drive also to be announced, featuring collaborations with theme parks to boost local spending ...
Hong Kong in bid to become global centre for multi-trillion dollar green technology finance market and create new economic pillar post-Covid
Plan for city to become global green tech finance centre to be unveiled in Wednesday's budget with new task force to push proposal forward A separate task force will be established to boost city's ...
Profits jump at HSBC as it moves to fend off break-up calls from China
HSBC today moved to fend off pressure from one its biggest shareholders to break up the group and return chunks of cash to investors. Ping An, a Chinese financial group which has a long history with ...
Hong Kong’s crypto ambition gets subtle nod from Beijing: Report
Beijing is reportedly giving quiet support to the special region of Hong Kong in its vision to become a cryptocurrency hub in Asia.
HSBC eyes special payout after profit jumps, bonus pool cut
In a move that will prove especially popular to its large investor base in Hong Kong, HSBC said it would resume paying quarterly dividends from the first quarter this year. It said it has brought ...
HSBC to pay largest dividend in 4 years, lifted by bumper fourth-quarter profit that beat forecasts
HSBC said it would pay shareholders its biggest dividend in four years, after the fourth-quarter profit of Hong Kong’s largest bank more than doubled on higher interest rates and improved revenue in ...