When Yan Jun was looking around last year for a stock market to raise capital for his Beijing-based traffic-control software company, the engineer and chairman thought he was spoiled for choice. He could sell shares of his 10-year-old company AICT on one of the three mainland exchanges – Beijing, Shanghai and Shenzhen – that together…
Southeast Asian companies like lender DBS Group Holdings and fast-food chain operator Jollibee and local education institutions are giving Hong Kong’s property market a much-needed boost, fanning hopes the worst of the investment slump may have passed. Southeast Asian firms and education firms each contributed around 22 per cent of the total HK$6.28 billion (US$809…
The US has “brought disgrace upon itself” and made the world aware of its “despicable and shameless behaviour” after imposing tariffs and sanctions on Hong Kong, according to an article published by Beijing’s top office overseeing the city’s affairs. In the commentary posted on Tuesday and titled “Too much evil will lead to self-destruction: the…
The United States has “brought disgrace upon itself” and made the world aware of its “despicable and shameless behaviour” after imposing tariffs and sanctions on Hong Kong, according to an article published by Beijing’s top office overseeing city affairs. In the commentary reposted on Tuesday and titled “Too much evil will lead to self-destruction: the…
Whenever interest rates climb, so do calls to unpeg the Hong Kong dollar from the US currency. With US interest rates elevated and the Hong Kong dollar hitting a 3½-year high against the American dollar earlier this month, the debate has flared up again. Some argue that the dollar peg limits Hong Kong’s monetary flexibility…
On November 19, two major events unfolded simultaneously in Hong Kong which highlighted the paradox of this once-great but now-confused city as it tries to navigate between socialism and capitalism in an era of great uncertainty. On Hong Kong Island, the Monetary Authority hosted about 300 global and regional financial leaders, including top executives from…
Lawmakers in the US House of Representatives have urged Treasury Secretary Janet Yellen to rethink ties with Hong Kong’s banking sector, citing concerns that the city is increasingly becoming a hub for money laundering and sanctions evasion, according to a report read more Lawmakers in the US House of Representatives have urged Treasury Secretary Janet…
Hong Kong must move quickly to regain a strong position as a gold trading centre, which could be a “game-changer” for the economy, the city leader has said, as competition heated up in the region following Singapore’s recent opening of a 500-tonne depository. Chief Executive John Lee Ka-chiu on Thursday admitted that Hong Kong needs…