Hong Kong should appeal to global insurers looking to set up their headquarters in the region, FWD chairman Frederick Ma says.
10 Dec 2024 - 5:23PM videocam
Work with 10 heavy cheque-using sectors including SMEs, charities and brokers will help identify barriers to electronic payments, HKAB says.
‘We conducted a survey and found that 70 per cent of our staff prefer to work in the office instead of working from home,’ bank says.
The offering sees underwhelming investor demand, missing expectations.
Saudi central bank governor Al-Sayari and his delegation were in Hong Kong this week to attend the Financial Stability Board’s Plenary meeting.
6 Dec 2024 - 2:46PM videocam
One-off scheme increases loan-to-value ratio of mortgage loans to 80 per cent for those who bought unfinished properties from 2021 to 2023.
Flush with proceeds from the city’s successful investment-migration scheme, HKIC puts money in local, mainland and overseas start-ups.
Ministry of Finance will continue to support Hong Kong in cross-border accounting regulation and talent nurturing, vice-minister says.
Bank has strong capability in yuan trading, green finance and infrastructure development, CEO Xavier Musca says.
2 Dec 2024 - 9:38AM videocam
Around 88,000 Hongkongers aged 65 or above were living in southern Guangdong province in 2022, 11 per cent more than in 2017.
28 Nov 2024 - 6:37PM videocam
The World Bank estimates that global business to consumer e-commerce sales will reach US$6 trillion by 2024.
This is the second retail bond offering following last month’s HK$50 billion Silver Bond sale under the city’s new infrastructure bond framework.
26 Nov 2024 - 7:33PM videocam
Average monthly savings increased by 9 per cent to US$1,256 this year, Deposit Protection Board survey finds.
Singapore is the top destination for wealthy entrepreneurs to relocate, while Hong Kong fails to make the top 10.
25 Nov 2024 - 8:07PM videocam
A potential trade war will not alter the US bank’s expansion plans in Asia, or Hong Kong’s importance, Fraser says in an exclusive interview.
‘People are leery of investing a lot of money in a country that is part of geopolitical tensions,’ Oaktree Capital’s Howard Marks says.
Quarterly review adds video platform Kuaishou Technology and New Oriental Education & Technology to the Hong Kong benchmark.
Mainland investors have amassed 4 per cent of Alibaba’s public float and contributed 15 per cent to its trading volume through the Stock Connect scheme.
20 Nov 2024 - 5:25PM videocam
Asia was the largest contributor to Manulife’s group earnings, accounting for 44 per cent of the total in the third quarter.
Chinese Vice-Premier He Lifeng, who is bringing a huge delegation, will deliver a keynote speech.
Carlson Tong Ka-shing says Saudi Arabia and Hong Kong have established ‘trust and friendship’.
Asia was the largest profit contributor to Canadian insurer in the third quarter, with 44 per cent of the group’s earnings coming from the region.
The exchange link between Shanghai and Hong Kong went live on November 17, 2014.
The bond, which have a tenor of three years, will provide assured returns of 3.5 per cent to be paid every six months.
Turnover of HK$173.31 billion (US$22.2 billion) exceeds the 10-month daily average of HK$127.8 billion, but falls short of HK$184.66 billion a day earlier.
Lui, the chairman of the K. Wah Group of companies, died peacefully on November 7, according to filings to the Hong Kong stock exchange by his companies.
China’s Vice-Premier He Lifeng will lead delegation to the 2024 Global Financial Leaders Investment Summit in Hong Kong, two sources said.
11 Nov 2024 - 11:11PM videocam
The Hong Kong government’s investment arm will use funds from the investment migration scheme to promote innovation.
Executives in a recent delegation praise Saudi Arabia’s pace of modernisation and eagerness to do business.
Cuts could lighten monthly mortgage burden by HK$709 for a typical HK$5 million, 30-year loan, a broker says.