As of 4pm, all 138 flats on offer at the New World-led luxury residential project in Wong Chuk Hang were sold out.
As HKEX turns 25, the exchange eyes promoting cross-border listings, fixed income and yuan products in its next chapter, chairman says.
The bank said it would restructure to focus on high-return areas like Hong Kong and India, as well as exit low-profitability markets like Europe and the US.
‘Redomiciling to Hong Kong allows us to better align with the city’s robust financial and regulatory environment,’ CEO says.
Earlier this year, Tucker said he would retire from HSBC by the end of this year; Nelson held senior roles at KPMG UK.
Letting members move their full portfolios to new providers would promote proactive management and competition, official says.
Proposed new rules could allow Hong Kong companies to list on Saudi Exchange by offering depositary receipts, CEO Al-Rumaih says.
2 Jun 2025 - 8:36AM videocam
The ongoing US-China dispute is a golden opportunity for Chinese companies to go global, Deloitte China CEO Dora Liu says.
1 Jun 2025 - 9:30AM videocam
Issuers, including World Bank and Peak Re, have raised US$800 million since Hong Kong implemented a new regulatory regime in 2021.
ETF tracking Saudi’s Islamic government and agency bonds posts strong gain in first day of trading in Hong Kong.
About 37 per cent of MPF’s US$167 billion total assets were invested in bond and balanced funds at the end of 2024.
Affluent clients have diversified their portfolios and shifted to liquid assets such as stocks and bonds amid market volatilities.
Under the new law, a company that wants to redomicile to Hong Kong is no longer required to wind up its existing operations.
Law sets up a ‘risk-based, pragmatic, and flexible regulatory regime’ with public protection in mind, head of city’s monetary authority says.
Lower Hibor rate benefits mortgage borrowers, but HKMA cautions of a rebound amid market uncertainties.
Insurance industry is ready to capitalise on this new law and be the primary use case, HKFI CEO Selina Lau says.
The insurer has received preliminary interest from potential investors for its third attempt to list in Hong Kong, sources say.
Delisting pressure on US-listed companies from the mainland could be a jackpot for Hong Kong markets.
OCBC has no intention to change its planned US$192 million investment in Hong Kong and Macau, CEO Helen Wong says.
Some departments lose up to 20 per cent of their staff, while the hardest-hit team is cut in half, sources say.
Hibor-linked mortgage borrowers will save about US$40 per month after the one-month interbank rate fell by almost 1 percentage point.
HKMA says Trump tariffs have increased uncertainty about US inflation and the economic growth outlook.
Sloshing liquidity is likely to pressure Hong Kong dollar interbank rates, trimming costs on home mortgages.
Exchange Fund benefits from Hong Kong stock market rally; Hang Seng Index rises 15 per cent in the first quarter.
Interventions by the city’s de facto central bank are likely to continue ahead of coming IPOs, HKMA chief executive Eddie Yue says.
Hong Kong’s digital banks plan to expand wealth management businesses as deposits and loans surge.
In its first market intervention in two years, the city’s de facto central bank bought US$6.005 billion at HK$7.75.
Move will solidify Hong Kong’s position as a global leader in asset, wealth, and risk management, lender’s CEO in the city says.
Net profit rose to US$1.59 billion, driven by ‘double-digit income growth in wealth solutions, global markets and global banking’, CEO says.
2 May 2025 - 6:11PM videocam
Banks target growing pool of wealthy mainland Chinese visitors to Hong Kong during May 1-5 golden week holiday.
2 May 2025 - 7:10AM videocam