Manulife (International), one of the biggest life insurers and pension providers in Hong Kong and Macau, has finished moving its domicile to Hong Kong from Bermuda, making it the first insurer to successfully complete the process under a new regime, according to a statement on Friday. The insurer said the redomiciling was a “strategic milestone”…
When Alvin Kwock, co-founder of digital insurer OneDegree, took part in the inaugural Hong Kong FinTech Week in November 2016, it was held at a venue suitable for only a few hundred people. “As it was the first ever fintech event in Hong Kong, only fintech start-ups were interested, no big financial institutions paid attention,”…
Hong Kong will increase its renminbi usage by issuing more yuan bonds and settling some government expenditures, paving the way for mainland Chinese investors to use the currency to trade locally listed stocks, a minister has said. Secretary for Financial Services and the Treasury Christopher Hui Ching-yu said on Thursday the move would address the…
Hong Kong’s leader will introduce a mechanism to hold senior civil servants accountable for their misconduct in his policy blueprint, targeting incidents such as a recent bottled water supply scandal, the Post has learned. But political observers have warned of a possible pushback from civil servants concerned about job security, while recommending the government implement…
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…