The Greater Bay Area has a GDP close to US$2 trillion in 2022, a 25 per cent jump from US$1.65 trillion in 2019, Hong Kong’s finance chief says Wang Songmiao, secretary general of the central …
Exclusive: US consultancy Mintz’s executives leave Hong Kong after China raid-sources
But at least two other senior executives at international due diligence firms operating in China told Reuters authorities had explicitly warned them off such work in recent months. One of the sources …
Hong Kong Monetary Authority launches digital Hong Kong dollar (CBDC) pilot
Hong Kong is breaking new ground with the launch of its own central bank digital currency (CBDC) pilot. Spearheaded by the Hong Kong Monetary Authority (HKMA), the pilot program for the e-HKD, a …
Library Books Should Not Have ‘Unhealthy Ideas’: Hong Kong Leader
Hong Kong must not “recommend books with unhealthy ideas”, the city’s leader John Lee said on Thursday, following the removal of library books related to the deadly Tiananmen Square crackdown and …
Hong Kong home prices ‘likely back in a downtrend’ as slump resumes after ‘short-lived’ first-quarter recovery: Citi
A first-quarter rally in Hong Kong’s home market turned out to be remarkably “short-lived”, as sales have now slumped and sellers are slashing prices to get deals done amid a “downward trend” that …
China’s rescue of its property market must not seed the next crash
Readers discuss the need for reform to moderate the cycle of boom and bust, the advantages of the financial hubs of Singapore and Hong Kong, and the role of language teachers in an age of AI Feel …
Bangladesh could ratify Hong Kong recycling convention ‘in the next few weeks’
Shipowners’ Association Bimco is optimistic an international ship recycling regulation is set to meet the entry into force requirement following a visit to ship breakers in Bangladesh. Bimco said that during the visit the Bangladesh government had confirmed it will ratify the Hong Kong Convention for the Safe and Environmentally Friendly Recycling of Ships (HKC) and it expected it to happen “in the next few weeks”.
Hong Kong’s ageing population time bomb to leave a shortage of 60,000 residences for the elderly by 2032: JLL
With Hong Kong set to face a shortage of over 60,000 residences for the elderly by 2032, the government needs to create enough accommodation to defuse the ‘huge social problem’, according to JLL’s …
Amid slower growth, Hong Kong’s economy must change alongside mainland China
Hong Kong has long been a service-based economy reliant on finance, tourism, trade logistics and professional services But as the Chinese economy shifts towards domestic consumption, Hong Kong must …
Amid slower growth, Hong Kong’s economy must change alongside mainland China
Hong Kong has long been a service-based economy reliant on finance, tourism, trade logistics and professional services But as the Chinese economy shifts towards domestic consumption, Hong Kong must …