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…
(Front row from left) Rose Kay, chief compliance officer, Hong Kong and Greater China & North Asia of Standard Chartered Bank; Ronick Chan, vice chairman and secretary of the Chinese Banking Association of Hong Kong; Sun Yu, chairman of the Hong Kong Association of Banks; Bernadette Linn, HKSAR secretary for development; Arthur Yuen, deputy chief…
The most revealing fact about Hong Kong’s stablecoin launch is not that licences were issued. It is who got them, and who did not. By handing the first approvals to HSBC and the Standard Chartered-led joint venture Anchorpoint Financial, regulators made clear from the start that digital money in Hong Kong will be bank-led. That…
Financial Secretary Paul Chan Mo-po delivers a speech at the Hong Kong Web3 Festival 2026 on April 20, 2026. (PHOTO/HKSAR GOVT) Hong Kong is taking the lead in encouraging more tokenization as the city embraces innovation and new technologies to bolster its status as an international financial center, Financial Secretary Paul Chan Mo-po said on…
For Hong Kong’s 3.3 million PayMe users, everyday transactions such as buying coffee or splitting bills with friends could soon involve stablecoins, with HSBC preparing to introduce the digital currency in the second half of this year. That comes after HSBC Holdings, together with a Standard Chartered-led joint venture, became the first to obtain a…
Hong Kong developers are raising prices of new homes this week following sold-out launches in recent days, further testing the appetite of homebuyers amid geopolitical and interest rate uncertainties. Henderson Land Development put another 39 units at its Chester project in Hung Hom on sale on Monday, with 25 homes finding buyers, according to agents….
The head of Hong Kong’s government investment agency has been appointed as a director of a global organisation that brings together leading firms and investors, marking the first time a Chinese sovereign wealth fund has held a seat on the board. FCLTGlobal announced on Wednesday that Clara Chan Ka-chai, CEO of the Hong Kong Investment…
When InvestHK’s director general Alpha Lau Hai-suen recently said that companies using Dubai as a hub had mostly shifted to Hong Kong after the outbreak of the Iran war, the instinct to leverage the city’s position as a safe haven for investment was understandable. Hong Kong should absolutely try to capture capital and talent unsettled…
Hong Kong homebuyers snapped up new launches on Tuesday as developers accelerated sales amid concerns over slower rate cuts and geopolitical tensions in the Middle East. By about 3.50pm, all 254 flats released at the La Mirabelle project in Tseung Kwan O had been sold, according to market agents. “Today’s positive sales results at La…