Legco’s Christopher Cheung suggestion sparks accusation of condoning capital controls
Finance & Budget

Legco’s Christopher Cheung suggestion sparks accusation of condoning capital controls

Legco member suggestion to counter protester plans prompts immediate blowback from think tank, legislator. Photo credit: Christopher Cheung from Wikimedia Commons

Hong Kong Dollar at Stake Amid Ongoing Protest
Finance & Budget

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…

Hong Kong Announces Consultation on OTC Derivatives
Finance & Budget

Hong Kong Announces Consultation on OTC Derivatives

Hong Kong regulators are looking for input on how to better manage risks specifically related to over-the-counter (OTC) derivatives like swaps or exotic options. The…

Stock Connect Set to Expand to Dual-Class Shares
Finance & Budget

Stock Connect Set to Expand to Dual-Class Shares

Mainland-based investors will soon be able to invest in Hong Kong-listed dual-class shares such as those of smartphone maker Xiaomi and e-commerce company Meituan Dianping…

With one eye on risks, SFC moves to regulate crypto assets
Finance & Budget

With one eye on risks, SFC moves to regulate crypto assets

Anyone looking to issue security token offerings (STOs) in Hong Kong now has to register and get a license, a move that should boost the…

HK Grants First Three Virtual Bank Licenses
Finance & Budget

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….

China moves to subsidise foreigner incomes to cover their tax bill
Finance & Budget

China moves to subsidise foreigner incomes to cover their tax bill

With the latest round of tax incentives, China has intensified efforts to lure talent to the Greater Bay Area from Hong Kong and abroad to…

Hong Kong’s peg needs shoring up by the billions
Finance & Budget

Hong Kong’s peg needs shoring up by the billions

The Hong Kong Monetary Authority (HKMA), the city’s de-facto central bank, stepped in two times in a single week to defend the Hong Kong dollar…

HK Budget 2019: The tax breaks ain’t what they used to be
Finance & Budget

HK Budget 2019: The tax breaks ain’t what they used to be

Hong Kong’s latest budget includes a series of tax cuts, a practice that has become common in recent years. But, despite the fanfare of the…

Budget a warning of bigger government coming
Finance & Budget

Budget a warning of bigger government coming

The budget brouhaha may have died down, but further examination shows a trend to bigger government involvement in the economy. While many saw the budget…