Hong Kong was responsible for nearly half of the green bonds issued in Asia in 2024 and saw a surge in sustainability-related funds, as strong demand from regional mainland governments and start-ups raised the city’s stature as a finance hub for climate-friendly projects, according to a minister. Green bond issuance in Hong Kong last year…
Hong Kong’s treasury chief has dismissed calls to set up a separate commission of inquiry to investigate officials’ roles in a bottled water procurement scandal, arguing that the government’s auditors will be able to identify lapses in a “professional and independent” manner. Secretary for Financial Services and the Treasury Christopher Hui Ching-yu, the head of…
Hong Kong police have arrested a married couple suspected of being at the centre of a rapidly unfolding controversy surrounding a HK$52.9 million (US$6.8 million) contract to supply drinking water to some government offices. The pair allegedly defrauded the government and are suspected of breaching the Trade Descriptions Ordinance by providing false information about the…
Secretary for Financial Services and the Treasury Christopher Hui Ching-yu speaks at the ANCHOR Web3.0 Future Summit and RWA Research and Technology Achievements Release Summit at HKEX Connect Hall on Aug 7, 2025. (ANDY CHONG / CHINA DAILY) Hong Kong’s capital markets have demonstrated remarkable resilience, emerging as the world’s top destination for initial public…
A proposal to tighten regulations over Hong Kong’s notorious loan sharks is too narrowly focused and will not tackle the root problem of unruly debt collectors, according to lawmakers and legal experts. The legislators and specialists criticised the Financial Services and the Treasury Bureau’s plan to set a cap on borrowing activity for low-income earners…
The main talking point for Hui, the Secretary for Financial Services and the Treasury, has been a new law, enacted in May, that sought to make it easier for overseas companies to reincorporate in the city. Just a few days after the law came into force, Hui flew to Canada to meet senior executives from…
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”…
The Shanghai Gold Exchange opened its first offshore warehouse in Hong Kong on Thursday, a move that is likely to bolster the international trading of its contracts. The vault witnessed several transactions of spot gold contracts after it became operational, according to a statement from Bank of China (Hong Kong), which runs the warehouse. Analysts…
Mainland Chinese companies will use Hong Kong’s capital market as the launch pad for their global growth, according to an action plan signed on Wednesday with Shanghai to connect the premier onshore commercial city with the nation’s offshore financial hub. The two cities will expand the decade-old connect programme linking the stock markets of Shanghai…
Mainland Chinese companies will use Hong Kong’s capital market as the launch pad for their global growth, according to an action plan signed on Wednesday with Shanghai to connect the premier onshore commercial city with the nation’s offshore financial hub. The two cities will expand the decade-old connect programme linking the stock markets of Shanghai…