Hong Kong and Saudi Arabia are strengthening their bilateral cooperation in the financial services sector after a meeting in the city this week as their central banks explore ways to enhance their roles as the gateways between the two jurisdictions. Eddie Yue Wai-man, CEO of the Hong Kong Monetary Authority (HKMA), met with Ayman Al-Sayari,…
Google Play, the official online store for Android-based apps, has named Meituan-owned online delivery platform Keeta and fantasy role-playing game AFK Journey, developed by the global publishing unit of Shanghai firm Lilith Games, among the winners of its “Best of 2024” awards in Hong Kong. Keeta, which was rolled out in Hong Kong in May…
Hong Kong’s exchange-traded fund (ETF) market is logging a record year thanks to the recent market rally, expanded inclusion in the cross-border Stock Connect programme and a series of new products, including Asia’s first pegged to virtual assets. Net fund flows of Hong Kong’s exchange-traded product (ETP) market, which includes ETFs and leveraged and inverse…
Hong Kong has embarked on ambitious plans to build itself up as a centre for hi-tech and innovation in Asia. It has also been casting its net wider for diverse markets to partner with for trade and business owing to geopolitical tensions between China and the West. A new partnership between the city’s leading technology…
Hong Kong secured billions of dollars in financial commitment from Saudi Arabia after one of the city’s biggest business delegations to the kingdom sealed almost a dozen deals for start-ups and collaboration accords over three days. The highlight of the week was the US$1 billion accord announced on the final day of the 2024 FII…
Hong Kong secured billions of dollars in financial commitment from Saudi Arabia after one of the city’s biggest business delegations to the kingdom sealed almost a dozen deals for start-ups and collaboration accords over three days. Two days earlier, the Saudi incubator agreed to let start-ups at the Hong Kong Science and Technology Park (HKSTP)…
Hong Kong’s main technology park operator and Saudi Arabia’s start-up incubator have agreed to collaborate, giving fintech companies in the city access to financing from a Middle East fund to pursue their growth ambitions. Hong Kong Science and Technology Parks (HKSTP) and Beta Lab signed an agreement in Riyadh on Tuesday as the annual Future…
Hongkongers can travel to Saudi Arabia more cheaply following Cathay Pacific Airways’ relaunch of a direct route between the city and the country’s capital Riyadh on Monday, though demand has been slow to pick up due to safety concerns, industry experts have said. “Due to the increase in flight availability, the cost of flights to…
Hong Kong flag carrier Cathay Pacific Airways’ relaunched direct passenger flights to the Saudi Arabian capital Riyadh will unlock business and travel opportunities between the city and the Middle East despite escalating geopolitics tensions, the financial secretary has said. Paul Chan Mo-po, who is among about 200 passengers on the inaugural flight CX647 scheduled to…
