Crypto exchanges flee from Asia amid regulatory uncertainties

Crypto exchanges flee from Asia amid regulatory uncertainties
Business

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…

SFC proposes to triple compensation for investors from defaulting companies

SFC proposes to triple compensation for investors from defaulting companies
Policy

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…

“Hong Kong City” proposed in Greater Bay Area

“Hong Kong City” proposed in Greater Bay Area
Economy

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…

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’ 
Markets

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…

China should lead in creating new sustainable international development model

Ed Note: While Harbour Times normally only looks at Hong Kong policy, our author here anticipates Hong Kong officials participating in mainland governance bodies will…

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

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

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…

O’Rear Guard Action: David O’Rear returns on Budget 2018

O’Rear Guard Action: David O’Rear returns on Budget 2018
Economy

David O’Rear is the former Chief Economist of The Hong Kong General Chamber of Commerce in Hong Kong and a legend in Hong Kong economics…

OP: Shared Value: The word is out … but we need to shout louder

OP: Shared Value: The word is out … but we need to shout louder
Business

By Richard Welford, Chairman, CSR Asia To reach our goal of creating a better Hong Kong, we need more businesses on board. Hong Kong faces…