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Hong Kong
HSBC cuts key Hong Kong rate for the first time since 2019
HSBC cut its best lending rate to 5.625% from 5.875% in Hong Kong, according to a statement.
September 19, 2024
Artificial Intelligence
Hong Kong considers rules for AI use in finance
Hong Kong wants to re-position the affluent city as a financial centre as foreign investors grow nervous.
September 17, 2024
Banking & finance
Citigroup plans to hire talent in Hong Kong in wealth push
The bank’s investments business in Hong Kong is up almost 20% y-o-y.
September 16, 2024
Hong Kong
Hong Kong revises ‘market sounding’ rules to put burden on banks
So-called market soundings help banks and companies gauge demand from investors before they launch stock or bond sales.
September 11, 2024
Hong Kong
Hong Kong to raise alert level as super typhoon nears China
Yagi could be the last typhoon to force Hong Kong’s stock exchange to close — it will stop shutting during typhoons from Sept 23.
September 05, 2024
Hong Kong
Hong Kong’s West Kowloon Cultural District turns to selling land to stay afloat
Money could last only until June next year, and its museums and theatres may have to open less frequently without more support.
September 04, 2024
Hong Kong
Hong Kong shops sit empty, retail rents plunge as Chinese turn frugal
A shop previously rented by Omega for about HK$7.5 million ($1.26 million) a month is now leased to a bank for 80% less.
September 03, 2024
Digital Economy
Hong Kong unveils plan to regulate Uber 10 years after launch
Uber, which launched in Hong Kong a decade ago and has been unregulated since, has more than 10,000 drivers in the city.
July 09, 2024
Wealth
Rich Chinese return to Hong Kong as S'pore steps up scrutiny
“Hong Kong is still a good place for business people,” particularly “if you want to travel a lot or move your money freely.”
July 09, 2024
Global Markets
HKEX forges ahead as ‘marketplace of the future’
Amid a cautious landscape, Hong Kong has managed to attract several high-profile IPOs.
July 04, 2024