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Posted on 19/12/2024

Hong Kong Seeks to Ease IPO Requirements to Regain Luster

Hong Kong’s stock exchange is seeking to relax some requirements for initial public offerings, at a time when the city is trying to revamp its stock market after a challenging environment for Chinese ...

Posted on 19/12/2024

Hong Kong arrests 25 people, identifies 14 ‘unscrupulous’ agencies amid university admissions fraud crackdown

The 25 arrests were made over the past three years. Eight have been charged - with three convicted - while the rest are still under investigation.

Posted on 19/12/2024

Best things to see and do in Hong Kong: A must-visit destination for 2025

Anyone who’s anyone knows that 2025 is the year of the Hong Kong sojourn. Whether you’re looking for a destination that boasts it all, or you’re keen to break up your long-haul adventure by having a holiday within a holiday,

Posted on 19/12/2024

Hong Kong could try an evolved approach to workfare, like Singapore

Readers discuss unemployment support, the call for 'integration', and the current sad state of the Airport Express Feel strongly about these letters, or any other aspects of the news? Share your views by emailing us your Letter to the Editor at letters@scmp.

Posted on 19/12/2024

HSBC to cut best lending rate in Hong Kong by 12.5 bps to 5.25%

HSBC Holdings said on Thursday it will cut its best lending rate in Hong Kong by 12.5 basis points to 5.25% from 5.375%, effective Dec. 20. That followed a 25 basis points cut in the base rate charged ...

Posted on 19/12/2024

Hong Kong central bank cuts interest rate, tracking Fed move

The Hong Kong Monetary Authority (HKMA) on Thursday cut its base interest rate charged via the overnight discount window by 25 basis points to 4.75%, tracking a move by the U.S. Federal Reserve.

Posted on 18/12/2024

Hong Kong’s New World asks banks to extend loan due dates, Bloomberg News reports

Hong Kong property developer New World Development is in talks with banks to extend the due dates of some bilateral loans, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Posted on 18/12/2024

Hong Kong approves four more cryptocurrency exchanges

Hong Kong's securities regulator on Wednesday approved four cryptocurrency exchanges in the city's latest effort to stay competitive in a race to become a global centre for digital asset trading.

Posted on 18/12/2024

Gotta catch ’em all: Hong Kong targets ‘unfair’ claw machines

In Hong Kong, claw machine operators do not need a license to set up shop. In the case of the man who bided for the waffle maker, he had used a claw machine that promised "instant prizes" - the waffle ...

Posted on 18/12/2024

Hong Kong records first rise in new listings since 2020, as Beijing’s policy pivot refuels optimism

Beijing's stimulus package has refueled companies' interest in raising capital in Hong Kong and lured back some foreign capital funds, experts said.

Posted on 18/12/2024

The Hong Kong crossover stars who played movie villains, then nice-guy roles in TV shows

Hollywood actors like Harrison Ford have been hailed for making the move to small-screen roles, but in Hong Kong this is nothing new.

Posted on 18/12/2024

Hong Kong’s Kai Tak Sports Park holds counterterrorism drill with 400 officers

Prevention is very important,’ says Peter Leung of Interdepartmental Counterterrorism Unit on simulated attack at 5,000-seat sports ground.

Posted on 17/12/2024

Hong Kong’s Sept-Nov unemployment holds steady at 3.1%

Hong Kong's seasonally adjusted unemployment rate held steady at 3.1% in the September-November period versus the prior three-month period, the government said on Tuesday.

Posted on 17/12/2024

Lawyers group has ‘frank’ talk with Beijing about Hong Kong post-Article 23

Bar Association speaks with officials from Hong Kong and Macau Affairs Office about areas of concern among general public, legal sector.

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