Hong Kong homebuyers showed interest in 130 flats put on sale by developers on Thursday evening, but the pace of buying was more measured after an interest-rate increase later this year became more likely. Agents said 30 of the 75 units put on sale at Phase 4B of La Montagne at the Southside project at…
The Hong Kong Mortgage Corporation Limited (HKMC), a public body, has successfully priced its HKD 12 billion ($1.5 billion) digital bond issuance. It surpasses the HKD 10 billion digital green bond issued by the Hong Kong Government in November 2025. The bond is both multi currency and multi tenor, with three tranches comprising a HK$6…
Mainland customers can still open bank accounts in Hong Kong, but banks must adopt stringent new checks to ensure their processes are “compliant and orderly”, the Hong Kong Monetary Authority (HKMA) said in a statement on Saturday. “The banking industry has implemented the new regulatory requirements set out in the HKMA circular to ensure the…
Hong Kong’s de facto central bank has formed a group of industry experts to help remove legal and regulatory hurdles to tokenized bonds, as authorities seek to move beyond pilot projects and encourage wider adoption from private issuers. The Hong Kong Monetary Authority (HKMA) said on Friday it had established a Tokenised Bond Expert Group…
HSBC is targeting an increase in its Hong Kong client base to match the city’s population of 7.5 million, a goal to be driven mainly by international investors, according to its Hong Kong CEO Maggie Ng. Hong Kong has already seen almost 2 million new customers sign up to the HSBC Hong Kong office over…
Hong Kong’s note-issuing banks are replacing burnt cash for Wang Fuk Court residents, following emergency measures introduced by the city’s Monetary Authority and lenders to support those affected by last November’s devastating fire at the Tai Po estate. The extent of the residents’ financial losses came into the spotlight as they returned to the site…
Standard Chartered global CEO Bill Winters on Friday said he was “sorry” for comments describing “lower-value” workers, made while announcing job-cut plans earlier this week. Winters apologised in a LinkedIn post as he tried to cool debate among upset employees after he announced on Tuesday a 15 per cent cut of back-office staff at the…
A Hong Kong court has acquitted a former HSBC banker of assaulting his wife at their home in a luxury seaside estate last year, suggesting she may have tried to frame him to gain an advantage in divorce proceedings. Kenneth Tung Hoi-yi, who previously led the bank’s financial sponsors group in Asia-Pacific, was also awarded…
Hong Kong’s largest annual LGBTQ carnival has been cancelled for the second year in a row after failing to secure a venue and the relevant event licences, according to its organiser. Pink Dot HK announced on Monday that it was forced to cancel this year’s festival after property manager Link Reit pulled its offer to…
Henderson Land Development secured the first biodiversity loan in Hong Kong, receiving around HK$100 million (US$12.8 million) from HSBC and Hang Seng Bank for green initiatives at Central Yards, the company’s flagship mixed-use development on the New Central Harbourfront. This loan would provide a “scalable blueprint” for companies to achieve their sustainability goals and enhance…