Hong Kong’s financial regulators have pledged to ease listing requirements for mainland Chinese companies, as they eye the city’s stock market as a source of funding to support their global ambitions. The market watchdog and the bourse operator would unveil proposed revisions later this year, aiming to lower the fundraising threshold, optimise market structure and…
Beijing is concerned that Hong Kong may need help from mainland Chinese companies in developing large cross-border projects amid a public deficit, analysts have said, after its point man on city affairs met local officials ahead of the annual budget address. Xia Baolong, director of the Hong Kong and Macau Affairs Office (HKMAO), on Sunday…
The asset declarations of Hong Kong’s newest ministers have emerged nearly two months after the pair assumed their roles, despite an official guideline stipulating that disclosures must be made within 14 days. Secretary for Culture, Sports and Tourism Rosanna Law Shuk-pui disclosed that she owned a flat for leasing purposes, while Secretary for Transport and…
Registrations of local and non-local companies in Hong Kong reached all-time highs in 2024, according to authorities. While the Companies Registry said on Friday that it had made the process easier, a lawmaker attributed the increase to the government’s recent aggressive efforts in attracting overseas companies. Last year, 145,053 local businesses were established, bringing the…
Hong Kong’s treasury chief has pledged to prioritise addressing user complaints aimed at the newly launched electronic pension platform after some employers and staff faced delays when updating contribution records or struggled to withdraw their funds. Secretary for Financial Services and the Treasury Bureau Christopher Hui Ching-yu said on Wednesday that any situation that affected…
The outgoing chairman of Hong Kong’s Securities and Futures Commission (SFC) believes the city will reassert itself as a world-leading venue for new share offerings, as listing reforms expected to be unveiled on Friday will attract more mega deals. “It is highly likely that Hong Kong can reach a higher ranking in the initial public…
The Hong Kong government is teaming with media company Bloomberg to stage a series of events for family offices, the latest move in the push to promote the city as a hub for such investment vehicles. The Financial Services and the Treasury Bureau and other government agencies will work with Bloomberg to put on events…