The award marks the first deal since a senior Beijing official told real estate tycoons to ‘recognise their responsibilities’ and to have faith in the market.
Friday vote will turn Chinese Gold & Silver Exchange Society into a corporation called Hong Kong Gold Exchange.
Changes to board representation and listing rules are aimed at making Hong Kong a more attractive listing destination, HKEX says.
19 Dec 2024 - 7:56PM videocam
The latest rate cuts by lenders such as HSBC and Bank of China will lighten the monthly burden on mortgage borrowers by about HK$351 to HK$22,452.
The company’s shares slipped 6.7 per cent to HK$5.27 on Wednesday, bringing the slide this year to 55 per cent.
The investment fund started by the founder of the Chinese owner of TikTok now has regulatory approval to provide services to professional investors.
18 Dec 2024 - 8:00PM videocam
‘Investors globally are looking for richer and more insightful data to help inform their investment strategies,’ HKEX CEO says.
The establishment of London Metal Exchange warehouses in Hong Kong will be a key enabler, Marex CEO says.
Francis Lui, 69, has been the deputy chairman of the company since 1997.
The first phase of the integrated fund platform launched on Friday provides information on more than 2,000 retail funds.
13 Dec 2024 - 5:56PM videocam
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.