International investors are accelerating their efforts to channel capital to the Hong Kong and mainland Chinese markets amid the US tariff war, the finance chief has said, pledging to promote the city’s status as a safe haven for global funds and as a free port. Financial Secretary Paul Chan Mo-po noted on Sunday that in…
International investors are accelerating their efforts to channel capital to the Hong Kong and mainland Chinese markets amid the US tariff war, the finance chief has said, pledging to promote the city’s status as a safe haven for global funds and as a free port. Financial Secretary Paul Chan Mo-po noted on Sunday that in…
Stock markets continue to fuel global economic foreboding following President Donald Trump’s sweeping tariffs on the United States’ trading partners. All eyes yesterday were on mainland and Hong Kong markets that had been closed for a long weekend since Trump’s announcement. The Hang Seng Index closed down 3,021 points or 13.22 per cent, the biggest…
Beijing’s point man on Hong Kong affairs has called on HSBC to serve as an “important bridge” in Sino-British ties while also promoting the country and the city to the international community as he met its group chairman in the capital. HSBC Group chairman Mark Tucker also met Chinese Vice-President Han Zheng on Wednesday and…
Hong Kong is devoted to deepening its foreign ties, the city’s leader has said, while urging economies in Asia to promote bilateralism and reject protectionism amid a fast-changing geopolitical environment. Chief Executive John Lee Ka-chiu on Tuesday also called for more collaboration between the city and mainland China’s Hainan province to promote free trade and…
Hong Kong is channelling funds into several dozen innovative companies to further bolster the city’s appeal as a hub for technology, banking and finance compared with regional competitors like Singapore, according to Financial Secretary Paul Chan Mo-po. The Hong Kong Investment Corp (HKIC), funded by the city’s reserves, has invested in nearly 100 start-ups involved…
Hong Kong is channelling funds into several dozen innovative companies to further bolster the city’s appeal as a hub for technology, banking and finance compared with regional competitors like Singapore, according to Financial Secretary Paul Chan Mo-po. The Hong Kong Investment Corp (HKIC), funded by the city’s reserves, has invested in nearly 100 start-ups involved…
Hong Kong retained its status as Asia’s top financial centre and was the third globally, distancing itself from regional rival Singapore and also closing the gap with top-ranked New York, according to the latest edition of the Global Financial Centres Index. Hong Kong’s overall rating increased 11 points, while Singapore gained three points to stay…
Hong Kong society lacks a proper understanding of the “one country, two systems” governing principle, only considering it a solution for “historical issues” or as unrelated to national development, a local delegate of the country’s top advisory body has said. Tu Haiming, vice-chairman of the liaison committee for Hong Kong, Macau, Taiwan and overseas Chinese,…
Beijing’s top official in Hong Kong has urged the city to tap the opportunities arising from the “one country, two systems” governing model and drive efforts to contribute to local and national development. Zheng Yanxiong, director of the central government’s liaison office in Hong Kong, also said on Saturday the city needed to embark on…