Hong Kong Dollar at Stake Amid Ongoing Protest

Hong Kong Dollar at Stake Amid Ongoing Protest

The ongoing dispute surrounding the highly controversial extradition law could shock the Hong Kong Dollar, analysts and traders fear. The U.S. warned the continued erosion…

HK Grants First Three Virtual Bank Licenses

HK Grants First Three Virtual Bank Licenses

The Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, announced Wednesday that it is handing out virtual bank licenses to three companies….

Policy Address: Carrie Lam is all for women

Policy Address: Carrie Lam is all for women

By Chermaine Lee Gender equality and women empowerment have been brought to the centre stage again with the #MeToo campaign sweeping across the world with…

Policy Address: Carrie Lam, Lover of earth, seas and “every creeping thing that creeps on the earth.”

Policy Address: Carrie Lam, Lover of earth, seas and “every creeping thing that creeps on the earth.”

By Chermaine Lee The UN governmental Panel on Climate Change said earlier this week that the Earth would reach the threshold of 1.5 degrees above…

Greater bay area project could address Hong Kong’s land resource challenges, Carrie Lam says

Greater bay area project could address Hong Kong’s land resource challenges, Carrie Lam says

The highly-anticipated Greater Bay Area (GBA) project could be the answer to Hong Kong’s land resource challenges, Chief Executive Carrie Lam Cheng Yuet-ngor said at…

Hong Kong, Abu Dhabi sign co-op agreement as banks pleads for more fintech 

Hong Kong, Abu Dhabi sign co-op agreement as banks pleads for more fintech 

The Hong Kong Securities and Futures Commission (SFC) and Abu Dhabi Global Market (ADGM) have recently signed a cooperation agreement to jointly promote and support…

The “Silver Market” – A burden or new growth engine for Hong Kong?  

The “Silver Market” – A burden or new growth engine for Hong Kong?  

Hong Kong is in need to create a more age-friendly environment in order to better manage the uprising “Silver Tsunami” phenomenon, according to experts from both…

Breakthrough in U.S.-China Trade Talk Is Beneficial For Hong Kong, Trade Minister Says; But Concerns Remain

Breakthrough in U.S.-China Trade Talk Is Beneficial For Hong Kong, Trade Minister Says; But Concerns Remain

The recent breakthrough in U.S.-China trade talks is beneficial for Hong Kong, trade minister Edward Yau Tang-wah said in an interview last week, but concerns…

Crypto exchanges flee from Asia amid regulatory uncertainties

Crypto exchanges flee from Asia amid regulatory uncertainties

Scared away by regulatory clampdowns and uncertainty, cryptocurrency exchanges are fleeing Asia in general and Hong Kong in particular. At least three major exchanges, including…

Xiaomi IPO came sooner than planned amid reforms in listing regulations

Xiaomi IPO came sooner than planned amid reforms in listing regulations

Chinese electronics and software company Xiaomi’s IPO apparently came sooner than previously expected, as the rather controversial major reforms in Hong Kong and China’s listing…

SFC proposes to triple compensation for investors from defaulting companies

SFC proposes to triple compensation for investors from defaulting companies

The Securities and Futures Commission (SFC) said in a statement on April 27 that it is considering to update its Investor Compensation Regime (ICR). The…

HKUST hires power player to project influence

HKUST hires power player to project influence

From outspoken legislator to scrappy think tank startup boss, Christine Loh built a career on speaking her mind. Her think tank matured into a major…

Hong Kong is broadening its listing channels; HKEx’s big changes hide stealth mode deals you NEEQ to know about

Hong Kong is broadening its listing channels; HKEx’s big changes hide stealth mode deals you NEEQ to know about

Already a mature capital market, Hong Kong aims for more. The city’s stock exchange operator, the Hong Kong Exchanges and Clearing (HKEX), has made a…

Legco set to debate Benny Tai’s independence remark

Legco set to debate Benny Tai’s independence remark

Legislators will be having a debate over Hong Kong University Law Professor Benny Tai’s comments concerning the possibility of Hong Kong independence on May 9….

“Hong Kong City” proposed in Greater Bay Area

“Hong Kong City” proposed in Greater Bay Area

The policy centre Business Professionals in Hong Kong has created a plan to transport a slice of Hong Kong into the mainland. Positioned as an…

Public-private partnership suggested to address Hong Kong’s land issue

Public-private partnership suggested to address Hong Kong’s land issue

With plenty of land in the New Territories held in the hands of the developers, the government is proposing to work with them to get…

Creative land use is key in face of housing shortage

Creative land use is key in face of housing shortage

Land supply researchers say there’s no lack of land in Hong Kong. Rather, the problem is the lack of creative thinking for effective use of…

Hong Kong’s de facto central bank buys HKD for the first time since 05’ 

Hong Kong’s de facto central bank buys HKD for the first time since 05’ 

The Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, has intervened to buy HK$3.258 billion of the local currency for the first…

Funding alone is not enough to promote innovation and technology, says IT industry

Funding alone is not enough to promote innovation and technology, says IT industry

“We need a blueprint, not a short-term work plan,” said insiders from the IT industry in a seminar on Tuesday, held to discuss how funding…

Recycling park opened to treat waste electrics

Recycling park opened to treat waste electrics

‘Waste electrical and electronic equipment’ (WEEE), of which Hong Kong produces 70,000 tonnes annually, can now be recycled and treated as the recycling facility WEEE.PARK…

Hong Kong regulator cautions on ICOs, halts Black Cell raise

Hong Kong regulator cautions on ICOs, halts Black Cell raise

Hong Kong’s Securities and Futures Commission has recently halted an initial coin offering (ICO) launched by Hong Kong-based Black Cell Technology Limited and ordered the issuer to refund its…

Grand vision for tech park on northern border but many doubt benefits

Grand vision for tech park on northern border but many doubt benefits

A funding of $800 million is needed for the early-stage development of the Hong Kong-Shenzhen Innovation and Technology Park in the Lok Ma Chau Loop,…

Enhanced elderly care: Hong Kong’s answer to sharp growth in elderly population

Enhanced elderly care: Hong Kong’s answer to sharp growth in elderly population

While Hong Kong’s latest budget seemed to have focused on financial issues, such as whether to distribute cash-handouts to local residents, finance chief Chan Mo-po…

New super tax deduction may not be as inclusive as it seems

New super tax deduction may not be as inclusive as it seems

In order to encourage R&D to be conducted in Hong Kong, the government proposed in its new budget a super tax deduction of 300 percent…

Failed abroad, to fail in Hong Kong? New tax on vacant homes of uncertain impact

In a city where housing situation has been a nightmare for many, the government is looking to an alternative to stamp duty to alleviate the…

Global free trade trumps protectionism, Australia says

Australia’s trade minister Steven Ciobo delivered a speech in Hong Kong, one of the world’s freest economies, on Monday (19 March) to advocate open trade…

New land supply proposal eyes Tuen Mun port

New land supply proposal eyes Tuen Mun port

Finding sites for housing projects is one of the key tasks for the Hong Kong government to tackle the increasingly dire housing problem in the…

Digital-only-banks likely to have an impact, but not in the short term, experts said

Digital-only-banks likely to have an impact, but not in the short term, experts said

The Hong Kong Monetary Authority (HKMA) has issued an update on guidelines related to the authorization of virtual banks in Hong Kong and commenced a…

350,000 people could be housed in New Territories North, government study finds

350,000 people could be housed in New Territories North, government study finds

Up to 350,000 people could live in one of Hong Kong’s untouched frontiers, spanning Lok Ma Chau, San Tin and Ping Che, a consultant’s study…

Renters and landlords: GIMMEE A BREAK!

Renters and landlords: GIMMEE A BREAK!

The lack of focus on real estate problems in the latest budget seems to have annoyed some Hong Kong citizens. Hong Kong’s 2017-18 Budget revealed…