Hong Kong must bolster its role as an offshore renminbi hub and expand its bond market amid escalating tensions of the US-Israel strikes on Iran to attract global capital during turbulent times, the city’s sole delegate to the nation’s top legislative body has said. Starry Lee Wai-king, Hong Kong’s sole delegate to the National People’s…
Hundreds of Hong Kong politicians and business leaders head to Beijing on Tuesday for the nation’s annual “two sessions”, with observers expecting discussions to focus on the city’s role as an international financial centre and the Northern Metropolis megaproject. The annual session of the country’s top political advisory body, the Chinese People’s Political Consultative Conference…
Hong Kong’s finance chief has struck an upbeat tone about the city’s 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 Kong’s continued reign as a premier international financial centre depends on a…
Hong Kong’s 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 Kong’s 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 Kong’s leader has delivered a comprehensive policy blueprint pushing for further economic reforms by expediting key infrastructure projects and doubling down on the city’s 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 China’s 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 China’s 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…