Hong Kong leader John Lee Ka-chiu has wrapped up his visit to Central Asia after meeting high-level leaders and sealing nearly 100 partnership agreements aimed at opening the “big door” for local and mainland Chinese businesses. While reviving direct flights to the region was considered a big win from the trip, observers noted that the…
This Dec 3, 2024, file photo shows people walking in a park with towering buildings housing banks in the background, in Hong Kong’s Central business district. (SHAMIM ASHRAF / CHINA DAILY) The Ninth World Finance Forum Annual Conference and Dialogue of Continents 2026 High-Level Seminar opened in Hong Kong on Thursday. Co-hosted by the Organizing…
Financial Services Development Council Chairman Benjamin Hung Pi-cheng (second left) poses with other FSDC officials during an interview on April 20, 2026. (OSWALD CHAN / CHINA DAILY) Amid turbulence and volatility, global investors are trying to “rebalance” some of their worldwide assets back to the Chinese mainland and Hong Kong markets in a trend that…
The bourse operator will collect views on the proposals, which include broadening a special listing regime for innovative companies and opening the door for listings by smaller and more diverse firms, until May 8. Investment banks and brokers have piped up in support of a proposal to allow all companies that are pursuing listings to…
Hong Kong is aiming to sharpen its competitive edge as an offshore yuan hub, an asset and wealth management base, and a digital-asset front runner under Financial Secretary Paul Chan Mo-po’s budget released on Wednesday. Market participants largely welcomed Hong Kong’s renewed push to strengthen its position as an international financial centre, after Chan highlighted…
Hong Kong needs to consider widening the Stock Connect schemes and step up promotion in Southeast Asia and the Middle East to attract more international firms to list in the city, according to a government think tank. Rocky Tung Yat-ngok, newly appointed executive director of the Financial Services Development Council, said that while Hong Kong…
Hong Kong should focus on connecting its capital markets with African financial centres so that companies and Belt and Road Initiative projects on the continent can raise funds in the city, according to a council that advises the government on development strategy. In addition to being a funding source for commercial enterprises and infrastructure projects,…
Hong Kong is emerging as a neutral hub bridging the technological strengths of East and West while leveraging its robust education and financial systems to drive the next wave of artificial intelligence transformation in businesses, according to PwC executives. As companies worldwide pushed to move AI from isolated experiments to capabilities deployed at scale, not…
Hong Kong insurance companies and brokers from Wednesday are barred from paying excessive referral fees to unlicensed individuals, as the city’s insurance regulator bolsters efforts to curb misconduct and enhance customer protection. The city’s Insurance Authority has put a 50 per cent cap on commissions for referral fees in life insurance policies, a move that…
The development of fintech and the strong desire of mainland Chinese companies to go global are conducive to Chinese and international banks setting set up operations in Hong Kong, according to the head of the city’s de facto central bank. “While many international and mainland banks already use Hong Kong as a base to develop…