Each week, two of our readers debate a hot topic in a showdown that does not necessarily reflect their personal viewpoints. This week, they debate whether people in the city have a negative attitude ...
Hong Kong’s $1.9 Trillion Stocks Await Boost From Yuan Trading
Hong Kong is betting that a new program allowing investors to trade equities in the yuan on top of its local currency will help revive its flagging stock market and boost turnover that’s hovering at a ...
China condemns EU Parliament resolution addressing Hong Kong’s deteriorating freedoms
Beijing is objecting to a resolution adopted by the European Parliament which addresses Hong Kong’s shrinking freedoms of speech. It also calls for the release of pro-democracy activists.
Explainer: What is Hong Kong’s new dual HKD/RMB share counter?
The Hong Kong stock exchange will start offering yuan-denominated Chinese stocks from Monday in what it calls a dual counter, a scheme that is seen as part of China's efforts to increase the yuan's ...
Hong Kong interbank rates rise; one-week Hibor climbs to highest in 16 years
Hong Kong interbank rates rose across all tenors on Friday, with the overnight interbank offered rate rising the most, climbing to the highest in four weeks. The overnight Hong Kong interbank offered ...
China calls European Parliament’s Hong Kong resolutions ‘publicity stunt’
China's Ministry of Foreign Affairs in Hong Kong said resolutions passed by the European Parliament on Thursday related to the Chinese controlled territory were a "despicable act" and "trampled" on ...
Treasury Official Visited Hong Kong Amid Push for US-China Thaw
A senior Treasury Department official traveled to Hong Kong last week, in a sign of growing US efforts to revive engagement with China after a broader deterioration of relations between the world’s two largest economies.
Hong Kong jumps over 2% as Asia investors digest the Fed’s hawkish pause in rate hikes
Hong Kong’s Hang Seng index rebounded and climbed over 2% powered by health care, consumer cyclicals and tech stocks. Mainland Chinese markets also rose, with the Shanghai Composite up 0.74% to end at 3,252.98, and the Shenzhen Component up by 1.81% to close at 11,182,94.
HSBC, Standard Chartered face pressure from Hong Kong to take on crypto clients – FT
HSBC and Standard Chartered are among lenders facing pressure from Hong Kong's banking regulator to take on crypto exchanges as clients, Financial Times reported on Thursday, citing three people with knowledge of the matter.
Why Hong Kong can’t afford to keep its currency pegged to the US dollar
“Hong Kong’s currency peg to the dollar is not sustainable. The city risks being increasingly led by US monetary policy,” independent economist Andy Xie wrote last month. “As global yuan demand grows, switching to that currency would boost Hong Kong’s financial fortunes.”
Top Hong Kong protest song removed from major music platforms
"Glory to Hong Kong," a popular song among pro-democracy protestors and secessionists in the administrative region, has been removed from several major streaming services and platforms.
Chinese man arrested for spraying anti-US graffiti on US Consulate in Hong Kong
A Chinese man was arrested for allegedly vandalizing the gate of the U.S. Consulate in Hong Kong with white paint on Tuesday morning, according to reports. How he did it: The man allegedly spray-painted the gate and wall of the consulate with the English word “hegemony” and the Chinese words for “double standards.
Hong Kong protest anthem’s online presence fades as govt seeks total ban
Various versions of the pro-democracy protest anthem "Glory to Hong Kong" were unavailable on Apple’s iTunes Store, Spotify, Facebook and Instagram’s Reels on Wednesday after the government sought an ...
Man arrested after spray painting graffiti on U.S. consulate in Hong Kong
A man was arrested in Hong Kong after spray painting graffiti on the U.S. consulate amid heightening tensions between the U.S. and China. The suspect spray painted the word “hegemony” in English, and ...