The Hong Kong Monetary Authority (HKMA) has propelled the city into the forefront of digital finance innovation with the announcement of Phase 2 of the e-HKD Pilot Programme on March 14. This …
HKMA Advances Digital Finance with Phase 2 of e-HKD Pilot Programme
The Hong Kong Monetary Authority (HKMA) has propelled the city into the forefront of digital finance innovation with the announcement of Phase 2 of the e-HKD Pilot Programme on March 14. This …
GreenTech Summit: Hong Kong must surmount skills gap, lack of collaboration to reach full decarbonisation potential
Hong Kong is ‘Asia’s sustainable finance centre’, financiers say Greentech is the key to achieving net-zero goals, said Adair Turner, chairman of Energy Transitions Commission, an …
What China Is Saying About the TikTok Furor in Washington
Olivia Wang contributed research from Hong Kong. Meaghan Tobin is a technology correspondent for The Times based in Taipei, covering business and tech stories in Asia with a focus on China. More about …
Illicit Forex Outflow Channels Emerge as Mainland Chinese Find Ways to Snap Up HK Property, Insiders Say
Several ‘underground channels’ to funnel money offshore have emerged, several Hong Kong property agents said. The most common method is to transfer funds in installments from mainland bank accounts to …
3 new Hong Kong ‘community living rooms’ for people living in tiny subdivided flats to open
The new resources, all in Kowloon, are expected to cater to more than 1,000 households living in cramped conditions in To Kwa Wan, Hung Hom and Nam Cheong Chief Secretary Eric Chan appeals to more …
Bankers in India to Get Higher Salary Increases Than Singapore, Hong Kong
Finance professionals in India are in line for higher salary hikes than those in Hong Kong and Singapore this year, underscoring how firms are tapping the nation’s economic boom as China slows, …
China probes exposure of HK units of banks, insurers to local government debt, sources say
China’s financial sector regulator is looking into the exposure of the Hong Kong units of domestic banks and insurers to the country’s local government debt, three sources with knowledge of the matter …
With Cathay flying high, Hong Kong’s Swire Pacific posts record US$4.6 billion profit, looks to healthcare for growth
Conglomerate reports record profit of HK$36.2 billion (US$4.6 billion) for 2023, nearly eight times better than 2022’s HK$4.7 billion.
Stocks Are Mixed as China Scrambles to Avoid Major Real Estate Developer Bankruptcy
FILE – A pedestrian passes by a Hong Kong Stock Exchange electronic screen in Hong Kong on July 21, 2023. China stocks were mixed Wednesday, March 13, 2024, as the country scrambled to avoid major …