Though Hong Kong has overtaken Switzerland as the number one in cross-border wealth management, rather than enter panic mode, Swiss banks seem unruffled — feeling it bolsters the case against looming tighter banking regulations. Financial Secretary Paul Chan holding a press conference after presenting the budget address on February 25, 2026. Photo: Kyle Lam/HKFP. Hong…
Chinese tech giant Huawei said on Monday it had developed a new way of making semiconductors that could get around its US-enforced lack of access to the most advanced chipmaking equipment. Huawei headquarters in Shenzhen. Photo: Huawei. Huawei has been at the centre of a geopolitical standoff in recent years after Washington warned its equipment…
China’s market regulator announced a sweeping investigation on Friday against three major brokers running cross-border trading, as it launched a two-year crackdown on investment leaving the country. Photo: David Dennis via Flickr. China does not allow private individuals to directly invest in overseas markets, requiring them to trade assets only through approved third-party channels. However,…
Hong Kong’s stock exchange reported record profits for the second consecutive year on Thursday, after the finance hub topped the global rankings for initial public offerings in 2025. Photo: Rhoda Kwan/HKFP. Profit attributable to shareholders rose 36 percent to US$2.3 billion, while total revenue and other income jumped 30 percent to also hit a peak…
The prime minister was forced to evacuate the Lodge last night due to a bomb threat linked to performances in Australia by a classical Chinese dance and music group that is banned in China. The Shen Yun group — which has been linked to the Falun Gong spiritual movement — is due to hold several…
Panamanian authorities took control Monday of two ports on the Panama Canal from CK Hutchison after the Hong Kong-based conglomerate’s concession was annulled amid a row between the United States and China. “The Panama Maritime Authority has taken possession of its ports and guarantees the continuity of operations,” an official said after the Panamanian Supreme…
Germany’s finance minister said Thursday Beijing had made a “clear” commitment on ensuring rare earth supplies, following the first visit to China by a minister from Chancellor Friedrich Merz’s government. Germany and China have long had deep economic ties, but those have frayed in recent times over issues ranging from claims of unfair trade practices to…
8 HKFP member benefits 1. Exclusive HKFP deer keyring or tote. Our mascot derives from the Chinese expression “to point at a deer and call it a horse” – which refers to being deceptive for ill gain. HKFP will always call a deer a deer, and now you can own an exclusive HKFP deer keyring…
By Peter Catterall China has advised its citizens to avoid travelling to Japan, following a diplomatic feud sparked by comments by Tokyo’s new premier about a hypothetical attack on Taiwan. A member of security stands guard at the Japanese embassy in Beijing on November 14, 2025. China summoned the Japanese ambassador over remarks by the…
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