The US Federal Reserve under a new chairman in 2026 is expected to press ahead with interest rate cuts of up to 75 basis points, a move that would lower Hong Kong’s interbank-linked loan costs but leave prime lending rates stuck at their historical low, according to analysts. The Fed and the Hong Kong Monetary…
Newly elected lawmakers should be “representatives of the public” rather than mere commentators, Hong Kong’s leader has said after the swearing-in of all 90 legislators, warning against “soft resistance” and acts that stir conflicts under the guise of critique. Meanwhile, veteran lawmakers Starry Lee Wai-king and Ronick Chan Chun-ying, front-runners for the Legislative Council presidency,…
In the wake of the fire at Wang Fuk Court that devastated seven blocks of the estate in Tai Po on Wednesday, the Hong Kong community has swiftly rallied to support displaced families, with organisations establishing collection points for essential supplies. Here’s where you can offer your donations – in cash or kind – to…
Hong Kong’s monetary authority will launch a Renminbi (RMB) Business Facility from next month to support banks in offering yuan loans to companies, a move that aims to promote trade finance and direct investment as the city strengthens its role as an offshore yuan hub. “The potential usage of the RMB Business Facility by participating…
Hong Kong’s monetary authority will launch a Renminbi (RMB) Business Facility from next month to support banks in offering yuan loans to companies, a move that aims to promote trade finance and direct investment as the city strengthens its role as an offshore yuan hub. “The potential usage of the RMB Business Facility by participating…
Hong Kong can help Asia fill a staggering climate-financing gap by helping to tap a global pool of more than US$200 trillion to fund sustainable-infrastructure projects, according to the Asian Infrastructure Investment Bank (AIIB). There was a glaring disconnect between the vast amount of available capital and the low deployment of funds for climate action…
In the second instalment of our two-part series on Hong Kong’s beleaguered property market, analysts explore why this slump is different from past downturns. The first instalment discussed how the resurgence of the city’s stock market as a venue for initial public offerings could boost office uptake and ease developers’ pain. Swiss bank UBS got…
In the second instalment of our two-part series on Hong Kong’s beleaguered property market, analysts explore why this slump is different from past downturns. The first instalment discussed how the resurgence of the city’s stock market as a venue for initial public offerings could boost office uptake and ease developers’ pain. Swiss bank UBS got…
The Hong Kong Monetary Authority (HKMA) kept its base rate unchanged in lockstep with the US Federal Reserve, after the American central bank said it needed more time and data to monitor the potential inflationary impact of President Donald Trump’s tariffs. On Thursday, the HKMA maintained its rate at 4.75 per cent, hours after the…
The retirement needs of Hong Kong’s baby boomers consist of three pillars: stable income, access to affordable and quality healthcare, and reasonably priced accommodation, according to the chief executive of BOC Life. “These aspirations of a generation with significant wealth now entering retirement are easily attainable, as the quality of cross-border healthcare services improves and…