In this undated photo, pedestrians walk past MTR Corp signage displayed at Tung Chung station in the Tung Chung district of Hong Kong. (PHOTO / BLOOMBERG) MTR Corp Ltd began marketing its first-ever Hong Kong dollar public bond offering on Tuesday, adding to an uptick of borrowing in the local currency debt market. The Hong…
In a financial affairs panel meeting, Secretary for Financial Services and the Treasury, Christopher Hui Ching-yu, said the government would submit a bill to the Legislative Council within the first half of this year that would make more products that family offices and funds invest in eligible for tax exemptions. These include private credit, gold…
Hong Kong dollar bond issuance is poised to expand, following a record run of offerings, as easing local interest rates attract more issuers while a global diversification trend persists, according to analysts. Total issuance in the city’s currency reached a record HK$331 billion (US$42.6 billion) so far this year, nearly 37 per cent higher than…
Addressing the gathering of leaders in Johannesburg on Saturday, Li pointed to challenges faced by various international institutions. “We have to advance with time and take the lead to uphold multilateralism” in the face of difficulties of governance, he said, according to state news agency Xinhua. Without referring directly to the United States, Li said…
The Hong Kong Monetary Authority (HKMA) is set to encourage more mainland banks to set up regional headquarters in the city, while the local bourse operator plans to enhance the listing regime, as the government aims to fortify Hong Kong’s position as an international financial centre, according to Chief Executive John Lee Ka-chiu. In his…
Hong Kong authorities will strive to create a conducive environment for the wide-ranging application of stablecoins in a bid to provide practical help for businesses to resolve cross-border payment issues, the city’s finance chief has said. Financial Secretary Paul Chan Mo-po on Sunday reaffirmed the government’s efforts in applying fintech to resolve long-standing “pain points”…