By selling US dollars to buy Hong Kong dollars, the HKMA withdraws cash from the banking system, reducing the city’s aggregate balance and causing interest rates to rise. This strengthens the Hong Kong dollar, enabling it to stay within the trading band. The same is true in reverse.
Chinese man arrested over graffiti at US Consulate in Hong Kong, police say
Hong Kong police arrested a man who allegedly spray-painted graffiti on the wall and gate of the U.S. Consulate, according to media reports and the police.
Hong Kong’s New Crypto Rules Explained
Regulators say they'll welcome firms with "genuine operations and genuine business practices," which could mean an office or employees in Hong Kong.
State Department amends comment on APEC invitation for Hong Kong’s leader
The U.S. State Department amended part of a statement to Congress in which it said Washington would invite Hong Kong's chief executive, who faces U.S. sanctions, to a November summit, after lawmakers urged he be barred from entering the country.
Greenwich Economic Forum brings next investment conference to Hong Kong as financial leaders look to reopening of China
The Greenwich Economic Forum (GEF) will host its first event outside the U.S., with a conference on Thursday and Friday in Hong Kong. In one of the world's top financial centers, GEF officials are aiming to leverage the economic re-opening of China,
Ant-Man Gets Squashed as Hong Kong’s Movie Revival Follows Covid, Protests
Locally made movies are again contenders at Hong Kong’s box offices and film awards, but they differ from the crime thrillers and kung fu epics of past decades.
Chinese man arrested in Hong Kong for allegedly spray painting anti-US graffiti at US Consulate
A Chinese man who painted the words “hegemony" in English and “double standards" in Chinese at the U.S. Consulate in Hong Kong has been arrested, according to the authorities.
Giant inflatable duck deflates in Hong Kong’s Victoria Harbor
One of two giant rubber ducks anchored in Hong Kong’s Victoria Harbor as an installation by Dutch artist Florentijn Hofman deflated in the city’s scorching heat. Organizers said they released air from ...
Hong Kong Telco HKBN Ends Talks on Potential Sale to I Squared
Hong Kong broadband provider HKBN Ltd. said it’s ended talks on a potential sale to private equity firm I Squared Capital. Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payme
Hong Kong authorities endorse deal to give public servants up to 4.65 per cent pay rise
Unions voice concern over high-ranking staff only receiving 2.87 per cent increases Deal to cost taxpayers HK$5.2 billion for the year Hong Kong's public servants would receive a pay rise of up to ...
Hong Kong police arrest man over anti-U.S. graffiti at consulate
Hong Kong police arrested a man on Tuesday who spray painted anti-American graffiti on the wall and a gate of the city's U.S. consulate, police and media said. Footage from Broadcaster Now TV showed ...
One of the 2 giant ducks floating in Hong Kong harbor deflates
A 59-foot inflatable duck floating in Victoria Harbor as part of an international art installation was reduced to a puddle of yellow plastic.
Hong Kong protesters allegedly attacked by Chinese activists in Southampton
Police investigate after footage apparently shows three men assaulting a man and a woman ...
Giant rubber duck returns to Hong Kong – with a friend
The giant bath toys were reunited after one half of the duo was briefly deinflated by organizers due to hot weather.