Hong Kongâs finance chief has struck an upbeat tone about the cityâs economic outlook for 2026, while forecasting that growth this year will accelerate to 3.2 per cent, surpassing earlier projections. Financial Secretary Paul Chan Mo-po said the optimistic outlook was mainly supported by anticipated growth in mainland China and Asia along with interest rate…
This is the sixth and final part of the exclusive Capital Connectors series in which influential Chinese and global bankers reveal the opportunities and challenges for Hong Kong in its evolution as an international financial hub. If history serves as a guide, Hong Kongâs continued reign as a premier international financial centre depends on a…
Hong Kongâs markets hit their lowest point in more than a decade in 2022, squeezed by rising friction between Washington and Beijing. With the US Federal Reserve tightening monetary policy aggressively, Asian markets were starved of liquidity. Hong Kongâs benchmark fell below 16,000 points in 2022, one of the steepest drops among global indices. Three…
Hong Kong unveiled a blueprint on Thursday for its fixed income and currency markets, including measures to expand offshore yuan products and liquidity to consolidate its role as an international financial hub. The Roadmap for the Development of Fixed Income and Currency (FIC) Markets, jointly unveiled by the Securities and Futures Commission (SFC) and the…
Hong Kong will increase its renminbi usage by issuing more yuan bonds and settling some government expenditures, paving the way for mainland Chinese investors to use the currency to trade locally listed stocks, a minister has said. Secretary for Financial Services and the Treasury Christopher Hui Ching-yu said on Thursday the move would address the…
Hong Kongâs leader has delivered a comprehensive policy blueprint pushing for further economic reforms by expediting key infrastructure projects and doubling down on the cityâs competitive strengths, while also improving livelihoods, notably charting more paths to home ownership. In a wide-ranging speech that left no stone unturned, Chief Executive John Lee Ka-chiu vowed to entice…
Hong Kong is poised to play an invaluable role in sustainable development by capitalising on its strengths in green finance given mainland Chinaâs status as a leader in advanced green technologies, a top American economist has said. Jeffrey Sachs, an economics professor and director of the Centre for Sustainable Development at Columbia University, also said…
Hong Kong is poised to play an invaluable role in sustainable development by capitalising on its strengths in green finance given mainland Chinaâs status as a leader in advanced green technologies, a top American economist has said. Jeffrey Sachs, an economics professor and director of the Centre for Sustainable Development at Columbia University, also said…
Chinaâs financial authorities have granted Hong Kong residents a new daily remittance quota for the yuan, as a cross-border electronic transactions service prepares to kick off, linking 315 million users between the city and the mainland. Starting from noon on Sunday, the 17 million registered users of Hong Kongâs Faster Payment System (FPS) will be…
Chinaâs financial authorities have granted Hong Kong residents a new daily remittance quota for the yuan, as a cross-border electronic transactions service prepares to kick off, linking 315 million users between the city and the mainland. Starting from noon on Sunday, the 17 million registered users of Hong Kongâs Faster Payment System (FPS) will be…