Six months after Hong Kong reopened to the world, the city still has a steep climb to reclaim its place as Asia’s premier finance and tourism hub.
New Proposal: Hong Kong Should Issue Stablecoin to Rival USDT and USDC
In a revolutionary move, Hong Kong is exploring the idea of launching its Stablecoin, HKDG, to rival established Stablecoins like USDT and USDC.
New Proposal: Hong Kong Should Issue Stablecoin to Rival USDT and USDC
In a revolutionary move, Hong Kong is exploring the idea of launching its Stablecoin, HKDG, to rival established Stablecoins like USDT and USDC.
Hong Kong Jails First Person Under CBD Ban
A 32-year-old woman was jailed on Friday for bringing cannabidiol (CBD) into Hong Kong, the first criminal conviction under the city’s recent blanket ban on the substance.
Hong Kong Relaxes Mortgage Rules to Support Property Sector
The Hong Kong government relaxed its residential mortgage rules for the first time since 2009 in a bid to boost the weakening property market. Most Read from BloombergMeta’s Threads App Draws Millions …
Hong Kong Raises Maximum Mortgage Available for Homes Valued up to $3.8 Million
Hong Kong is raising the cap on loan-to-value (LTV) ratio for properties worth up to HK$30 million ($3.83 million) for self-use homebuyers, the Hong Kong Monetary Authority (HKMA) said on Friday, the …
Hong Kong Monetary Authority relaxes residential property mortgage rules
The Hong Kong Monetary Authority (HKMA) on Friday issued guidelines to banks adjusting the countercyclical macroprudential measures for property mortgage loans, making homes more affordable. This is …
Chinese rush to buy Hong Kong insurance, dollars as confidence cracks, yuan weakens
Chinese investors are rushing offshore to make dollar deposits and buy Hong Kong insurance in a signal domestic confidence is languishing and that the ailing yuan faces more pressure. The outflows …
Hong Kong property market deal flow seen slowing further after transaction volumes fall to a five-month low in June
The number of property transactions in Hong Kong struck a five month low of 4,770 in June, down 10 per cent from May, according to real estate agency Ricacorp Properties That trend is unlikely to …
Chinese AI Startup Fourth Paradigm Receives China’s Nod for Hong Kong IPO
HONG KONG (Reuters) – Beijing Fourth Paradigm Technology, an AI startup, has completed procedural work for a Hong Kong initial public offering, becoming only one of a handful of companies to get the nod from China’s securities regulator since new rules became effective this year.