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By Rae Wee and Jiaxing Li SINGORE/HONG KONG, – U.S. President Donald Trump’s erratic policies are rattling a currency peg that has withstood the test of time and is seen as an anchor for China and Asia. The Hong Kong dollar has whipsawed from one end of its narrow trading band to the other versus…
Beijing police have announced a plan to sell cryptocurrencies seized in criminal cases through licensed exchanges in Hong Kong. The move could support Hong Kong’s efforts to develop as a virtual asset hub, according to Hong Kong’s South China Morning Post newspaper. The Beijing Municipal Public Security Bureau has partnered with the China Beijing Equity…
Hong Kong businesses must consider national interests while pursuing commercial deals, the city’s leader has said, arguing that the two are not mutually exclusive. In an interview with the Post as he marked three years in office, Chief Executive John Lee Ka-chiu stressed the importance of local companies keeping national interests in mind while seeking…
Hong Kong’s taxi trade and ride-hailing services can work together on the same platform, Uber’s global head of public policy has said, while suggesting that authorities look at how other jurisdictions have adapted and used levies to set up a fund to support cabbies. In an interview with the Post, Andrew Byrne said that Hong…
HONG KONG, 9 June 2025: This summer, Hong Kong invites the world to experience “Hong Kong Summer Viva” featuring theme park parties and island escapes to action-packed sports events. Theme park celebrations Starting 28 June, Hong Kong Disneyland Resort (HKDL) celebrates its 20th anniversary with a year-long extravaganza filled with three unmissable festivities, including a…
閱讀中文版本 The unions said the group has only settled the outstanding salaries for May to June for affected employees, while other entitlements remain unaddressed. Hong Kong restaurant chain King Parrot Group, which has been in operation for 33 years, is suspected of closing down. According to a Facebook post by the Hotels, Food and Beverage…
Stay informed with free updates Simply sign up to the Currencies myFT Digest — delivered directly to your inbox. For the past month or more, overnight interest rates in Hong Kong have been stuck just above zero per cent. Since everyone got used to ultra-low interest rates during the last couple of decades, it may…
If you live in or are visiting Hong Kong, you may have watched the Tai O Dragon Boat Water Parade from the fishing village’s stilt houses last week, or mastered the art of making cha kwo (steamed sticky rice dumpling). You may be heading to Sha Tin later this month to learn a paper-crafting technique,…
Hong Kong’s finance chief expects the tourism sector to make a robust recovery this year, citing the 10 and 18 per cent year-on-year growth in the number of mainland Chinese and international visitor arrivals recorded in the first five months. In his weekly blog on Sunday, Financial Secretary Paul Chan Mo-po also said he was…
Hong Kong will implement its new Stablecoins Ordinance on August 1, formalizing the city’s regulatory framework for stablecoin-related activities and introducing a licensing regime aimed at strengthening oversight of the fast-growing digital asset sector. The ordinance, which was officially gazetted on May 30, is a key element of Hong Kong’s broader push to position itself…