High interest rates in the US, which translate directly to Hong Kong due to the territory’s dollar peg, had depressed dealmaking in the city. Coupled with its exposure to China’s economic slowdown, …
China to lower asset threshold for HK, Macao institutions investing in mainland insurers
BEIJING – The National Financial Regulatory Administration (NFRA) on Wednesday announced that China will lower the asset requirement threshold for Hong Kong and Macao financial institutions to invest …
Hong Kong’s 50 Richest 2025: Stock Market Rally Lifts Wealth But Property Woes Linger
Though Hong Kong’s economy grew at a modest pace of 2.5% in 2024, China’s stimulus measures lifted investor sentiment, driving up the benchmark Hang Seng index by more than a …
Hong Kong Looks to Shore Up Economy as Trade Risks Loom
The Asian financial hub will reduce salaries tax and businesses’ profit tax by 100%, subject to a ceiling of 1,500 Hong Kong dollars, said Hong Kong Financial Secretary Paul Chan.
Hong Kong high court pulls winding-up petition against Shimao
The Hong Kong High Court has ordered the withdrawal of the winding-up petition against Chinese property company Shimao Group filed by CPYM Link Investment, Shimao said on Tuesday.
How a modestly sized Hong Kong flat got a Mexican-inspired makeover
Inspired by the laid-back aesthetic of popular Mexican tourist town Tulum, a Tseung Kwan O home was transformed with curved lines, natural materials and clever storage solutions The frenetic Hong Kong …
New World, SHK Properties to offer clues amid rising property distress
The outlook of both developers could hinge on potential measures for the Hong Kong’s property market, expected in a budget speech by the government on Wednesday.
Well-off Hong Kong daunted by record deficits
Hong Kong is facing its toughest fiscal test in three decades following a painful run of mammoth deficits, with experts urging the government to make careful cuts as the economy wobbles. The Chinese …
Show me the money: unveiling Hong Kong’s 10 biggest spenders in government
As finance chief urges tightening of purse strings ahead of next budget, the Post looks at which government agencies have the highest bill As Hong Kong grapples with an estimated budget deficit of …
HSBC axes 40 dealmakers in Hong Kong as part of revamp to cut costs, source says
HSBC , has laid off around 40 investment bankers in Hong Kong, according to a person with direct knowledge of the matter, as part of a global restructuring exercise at the Asia-focused lender to cut …