Hong Kong has released a new digital asset policy to expand its crypto ecosystem. The statement builds on its 2022 framework and introduces the “LEAP” ...
Hong Kong stocks slip as HKMA currency intervention stokes rate concerns
Banks and developers pace losses; HKMA had forewarned that intervention to halt local currency weakness would tighten liquidity and pressure rates.
China opens first offshore gold vault and contracts in Hong Kong
Trading will be conducted in yuan and settled by cash or physical delivery, including to the new vault operated by Bank of China Ltd.’s Hong Kong unit, the SGE said in a statement ...
Insurer FWD Plans to Raise Over $400 Million in Hong Kong IPO
FWD Group, an insurer backed by Hong Kong’s richest family, plans to raise over US$400 million via an initial public offering, joining the wave of companies flocking to tap the city’s market. The ...
Hong Kong’s De Facto Central Bank Intervenes as Currency Hits Weak End of Trading Range
The city's currency is pegged in a narrow range of 7.75-7.85 to the greenback, and the Hong Kong Monetary Authority (HKMA) intervenes at both ends to underpin the peg. HKMA's intervention comes after ...
Richard Li’s FWD files for US$512 million Hong Kong IPO amid slew of jumbo deals
Insurer will get a market value of HK$48.3 billion based on its IPO price of HK$38 each, before an overallotment option.
Richard Li’s FWD Group Seeks $442 Million in Hong Kong IPO
Billionaire Richard Li’s FWD Group Holdings Ltd. is seeking to raise HK$3.5 billion ($442 million) in a Hong Kong initial public offering, seizing on a hot market to finally launch a share sale ...
Billionaire Richard Li’s FWD Group seeks to raise HK$3.47 billion in Hong Kong IPO
INSURER FWD Group, backed by billionaire Richard Li, is looking to raise HK$3.47 billion (S$565.3 million) through a Hong Kong initial public offering, according to a regulatory filing on Thursday.
Hong Kong’s de facto central bank intervenes as Hong Kong dollar hits weak end of trading range
Hong Kong's de facto central bank said on Thursday it sold 1.2 billion U.S. dollar against the Hong Kong dollar, which hit the weak end of its trading band.
PH, Hong Kong customs deal to boost bilateral trade
Finance Secretary Ralph Recto said Wednesday a cooperative customs arrangement between the Philippines and Hong Kong is expected to boost trade and ...
PHL, HK SAR customs deal near fruition–DOF
THE Philippines is set to finalize a customs cooperation agreement with Hong Kong SAR to streamline trade and prevent the entry of smuggled and illicit goods, according to the Department of Finance ...
Hong Kong targets Switzerland’s crown as asset management capital: Paul Chan
Hong Kong Financial Secretary Paul Chan outlines city's strategy to become the world's top asset management hub by 2027, citing strong capital inflows from the Middle East and ASEAN as the city ...
Hong Kong’s strengths in bridging East and West amid trade war: finance chief
Financial Secretary Paul Chan stresses investors are showing their confidence with their capital, despite global uncertainties.
Hong Kong sets high bar for stablecoin issuers
Hong Kong licensed exchange OSL saw its share price surge 18% to HK$14.6 on June 25, hitting a one-year high. The approval of a virtual asset license for Chinese brokerage Guotai Junan International ...