The Hong Kong government has pledged to promote the public adoption of licensed stablecoins, unveiling a broad set of new digital asset (DA) policies as the city seeks to cement its role as a global cryptocurrency hub while serving as a test bed for Beijing’s fintech aspirations. In the “Policy Statement 2.0 on the Development…
Hongkongers and mainland residents jumped at the chance to send money across the border via a new electronic payment service on its first day of operation on Sunday. The so-called Payment Connect was operating smoothly, with 6,900 Northbound and 19,000 Southbound transactions as of 6pm, according to a spokesperson for the Hong Kong Monetary Authority…
Hong Kong’s housing minister has urged the owners of substandard subdivided flats to comply with a coming regulatory regime that is expected to cost landlords after years of huge profits. The appeal from Secretary for Housing Winnie Ho Wing-yin on Sunday came two days after the government gazetted the Basic Housing Units Bill, which aims…
Hong Kong is pressing ahead with legislation to regulate the city’s notorious subdivided flats, with authorities planning to enforce proposed new laws from 2027 and landlords able to register their properties as early as March next year. The Housing Bureau submitted its regulatory proposals to the legislature on Thursday, with the bill to be tabled…
Beijing’s point man overseeing Hong Kong affairs has begun a five-day fact-finding visit to the city, his third since taking office. Sources have said Xia Baolong, director of the Hong Kong and Macau Affairs Office, will focus on assessing the city’s progress on both the development and security fronts. The Post examines the importance of…
Beijing’s point man overseeing Hong Kong affairs has begun a five-day fact-finding visit to the city, his third since taking office. Sources have said Xia Baolong, director of the Hong Kong and Macau Affairs Office, will focus on assessing the city’s progress on both the development and security fronts. The Post examines the importance of…
Hong Kong authorities will ramp up penalties for those who repeatedly misuse public sports and recreation facilities, an official has said, noting authorities had handed out punishments for 13,000 such cases since the launch of a booking app in 2023. Raistlin Lau Chun, the acting culture, sports and tourism minister, said on Wednesday that the…
Hong Kong authorities will ramp up penalties for those who repeatedly misuse public sports and recreation facilities, an official has said, noting authorities had handed out punishments for 13,000 such cases since the launch of a booking app in 2023. Raistlin Lau Chun, the acting culture, sports and tourism minister, said on Wednesday that the…
The water pipe believed to have introduced black particles of bitumen into the freshwater supply at two public housing estates last month will be replaced by early July, the development minister has pledged. Secretary for Development Bernadette Linn Hon-ho also said on Wednesday that they had completed more than 1,500 requests from residents at Queens…
Hong Kong’s housing authorities have suspended a 8,300 public flat development in a northern town due to the suspected high costs of building on deep rock strata, a move lawmakers said showed serious failure at the initial planning stage. The legislators urged authorities on Sunday to invest more resources in land exploration to avoid such…