Hong Kong has raised HK$27.6 billion (US$3.5 billion) through a green and infrastructure bond sale to finance the Northern Metropolis and low-carbon transformation projects. The offering drew investors from more than 30 markets across Asia, Europe, the Middle East and the Americas, signalling global institutional investors’ confidence in Hong Kong’s development, the Hong Kong Monetary…
Investment scams targeting Hong Kong’s elderly rose by 17 per cent in the first quarter of 2026 against a year ago, despite an overall decline in the number of cases, with police warning that better-educated retirees with more investment experience were more vulnerable to fraudsters. Superintendent Theodora Lee Wai-see of the force’s commercial crime bureau…
Congratulations to Financial Secretary Paul Chan Mo-po for getting the city’s budget to sail through the Legislative Council. It wasn’t always such smooth sailing and Chan would do well to acknowledge as much. When Chan was first given the keys to the city’s coffers, they were full. Successive financial secretaries faced political pressure of a…
Hong Kong’s Exchange Fund, the war chest used to defend the local currency, reported its smallest investment gain in five quarters as the Middle East crisis weighed on stock market performance. The fund gained HK$34.5 billion (US$4.4 billion) in the first quarter, 56 per cent lower than HK$79.2 billion a year earlier, according to data…
Hong Kong property transactions surged to a four-month high in April, while the value and volume of home sales hit their highest level in 24 months, according to the latest official data, underscoring the resilience of the city’s real estate sector amid uncertainties over interest rates and the US-Israel war on Iran. A total of…
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. HSBC (LSE:HSBA) and Standard Chartered received stablecoin licenses from the Hong Kong Monetary Authority, marking a first for banks in the territory. The central bank has warned about a rise in fake stablecoins trading…
Hong Kong’s monetary authority has held its base interest rate steady, following the lead of the US Federal Reserve, as analysts said the inflationary impact of the US-Israel war with Iran had reduced the chances of a rate cut this year. The city’s base rate would stay at 4 per cent, the Hong Kong Monetary…
Hong Kong Sees Rise Of Fake Stablecoins Hong Kong’s central bank has warned of a rise in counterfeit or fake stablecoins. The Hong Kong Monetary Authority (HKMA) says criminals are exploiting the city’s incoming stablecoin regime and notes that legitimate stablecoins have not yet been launched. In a news release, the Hong Kong-based regulator said…
Hong Kong authorities have rolled out a fresh package of measures to support small and medium-sized enterprises (SMEs) reeling from the global fuel crisis and geopolitical tensions in the Middle East, including a 21 per cent increase in available bank lending to HK$450 billion (US$78.43 billion). The Hong Kong Monetary Authority (HKMA), the city’s de…
Hong Kong developers released nearly 300 new flats to the market amid enthusiastic demand from potential homebuyers as the latest official data show completion of private residential units is set to decline this year and next. As of 3pm, 138 out of 218 units at the One Victoria Cove Phase I in Hung Hom, jointly…