Though Hong Kong has overtaken Switzerland as the number one in cross-border wealth management, rather than enter panic mode, Swiss banks seem unruffled — feeling it bolsters the case against looming tighter banking regulations. Financial Secretary Paul Chan holding a press conference after presenting the budget address on February 25, 2026. Photo: Kyle Lam/HKFP. Hong…
A roadshow co-hosted by the Fujian Provincial Administration of Local Financial Regulation and Industrial Securities is underway in Hong Kong, on May 15, 2026. (PROVIDED TO CHINA DAILY) Companies from Fujian province are looking to access superior capital and technological resources via the Hong Kong Special Administrative Region to further expand their global footprint, according…
Hong Kong is set to announce on Monday a new batch of “strategic enterprises” establishing a presence in the city, including several firms with market capitalisations of up to HK$100 billion (US$12.8 billion), the finance chief has revealed. Writing in his weekly blog on Sunday, Financial Secretary Paul Chan Mo-po said the new partners were…
The Hong Kong government is prepared for greater global market volatility and risks, as well as increased trade costs and shifting commodity prices, caused by the joint US–Israel attack against Iran, according to the city’s finance chief. Shortly after Iranian state media confirmed that supreme leader Ayatollah Ali Khamenei was killed in the attacks, Financial…
Hong Kong’s stock exchange reported record profits for the second consecutive year on Thursday, after the finance hub topped the global rankings for initial public offerings in 2025. Photo: Rhoda Kwan/HKFP. Profit attributable to shareholders rose 36 percent to US$2.3 billion, while total revenue and other income jumped 30 percent to also hit a peak…
Financial Secretary Paul Chan Mo-po has announced an array of industry spending and relief measures in Hong Kong’s budget, in response to the city’s quicker-than-expected return to a surplus of HK$2.9 billion (US$370.8 million) in its consolidated account. In a two-hour address to the Legislative Council on Wednesday, Chan pledged substantial government support and investment…
Maybe it’s because we are riding on the euphoria of good fortune and luck that is associated with the celebration of the Lunar New Year that there hasn’t been much of the noise that we usually hear ahead of the annual budget speech. Typically, the weeks leading up to the speech are filled with groups…
Hong Kong’s coming annual budget must address critical bottlenecks in technology and talent attraction to pave the way for the city’s first five-year development framework in line with national priorities, according to observers. The budget, to be delivered by Financial Secretary Paul Chan Mo-po on Wednesday, is more than a fiscal exercise. It is viewed…
When Hong Kong’s Financial Secretary Paul Chan addressed stablecoins at the 2026 World Economic Forum in Davos, the significance of his remarks lay not in grand ambition but in their restraint. There were no sweeping claims about reshaping global finance, nor statements framing stablecoins as a challenge to existing monetary systems. Instead, Chan outlined something…
Shifting policies under US President Donald Trump’s administration are expected to heighten market volatility in Hong Kong this year, the finance chief has said, but he also expressed “cautious optimism” about the capital market, noting that business and political leaders he met at the World Economic Forum viewed the city much more positively than in…