The Hong Kong Monetary Authority (HKMA) maintained its base rate at 4.75 per cent on Thursday. Hours earlier, the Fed left its target rate in the 4.25 to 4.5 per cent range, following the second Federal Open Market Committee (FOMC) meeting of the year. The HKMA last cut the city’s base rate to 4.75 per…
The number of births in Hong Kong surged by 11 per cent to 36,700 last year, but it was still the third lowest since data began in 1961. A big rebound after the pandemic was to be expected, helped by the introduction of a universal HK$20,000 (US$2,600) baby bonus and the impact of the Year…
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Two electric vehicle (EV) models targeting middle-income consumers in mainland China with lower prices have emerged as Tesla’s strongest rivals, as buyers become more budget-conscious. Galaxy from Geely Auto and Xpeng’s Mona 03, which are priced at about 150,000 yuan (US$20,580), threaten to disrupt the pecking order in China’s EV sector. “Young, middle-income consumers favour…
From snake-themed events to whether your luck is in: discover all you need to know about the Lunar New Year in our Year of the Snake 2025 series. Chinese President Xi Jinping, US President Donald Trump and Russian President Vladimir Putin are going to shape – and possibly reshape – the world in the coming…
Hong Kong’s first launch of new homes in the Year of the Snake got off to a slow start with about a fifth of the 133 units on offer at The Reserve at Gold Coast Bay in Tuen Mun finding buyers on Saturday, according to agents. As of 8.30pm, 27 units were sold. “The sales…
The reputation of Hong Kong’s legal system is of paramount importance as the city seeks to forge international ties and attract talent, tourists and investment in the Year of the Snake. Leading lights of the profession used the ceremonial opening of the legal new year to express defiance in the face of a barrage of…
Hong Kong’s first launch of new homes in the Year of the Snake got off to a slow start with less than a fifth of the 133 units on offer at The Reserve at Gold Coast Bay in Tuen Mun finding buyers on Saturday, according to agents. As of 5.30pm, more than five hours after…
As Hong Kong’s workers return to their desks on Monday after a long holiday break, many large banks and financial firms are offering them millions of dollars in lai see, hampers, Asia Miles, lucky draws and other gifts to ring in the Year of the Snake. Companies have traditionally given staffers lai see packets on…
Hong Kong’s monetary authority kept its key interest rate unchanged in lockstep with the US Federal Reserve, taking a breather after last year’s three cuts, in the first monetary policy decision of 2025. The Hong Kong Monetary Authority (HKMA) maintained its base rate at 4.75 per cent on Thursday, in line with market expectations. Hours…