Hong Kong

Tax amendment bill passed

It aims to implement tax measures proposed in the 2018/19 budget speech.

HKMA purchases $9.5b in HKD to defend flailing currency peg

The central bank has spent a total of $62.41b to protect its currency system.

Can back-to-back blockbuster IPOs live up to the hype?

Despite being oversubscribed, shares of tech startups have struggled to deliver on their promise.

Embattled Hong Kong hotels brighten up on tourism

Declining tourist arrivals almost pushed Henderson Land to exit the Hong Kong hotel scene.

Sun Hung Kai Properties snaps up Kai Tak site for record $25.16b

The purchase represents the most expensive land sold by lump price.

Bitcoin mining hardware firm files for $1b IPO in Hong Kong's first cryptocurrency flotation

Canaan Inc accounts for about 15% of the global bitcoin mining chip market.

How can property developers cash in on the eSports boom?

Purpose-built establishments are being constructed to cater to the global competitive gaming market and Hong Kong is no exception.

Hang Seng Bank rolls out AI chatbot for business banking

The virtual assistant BERI will be available on the bank’s website and mobile app.

Robust local consumption buoy retail capital values to 0.3% in Q1

The marginal growth represents the first quarterly expansion in four years.

China pledges funding for local sci-tech development

President Xi ordered state agencies to lend assistance to local scientists.

Can Hong Kong steal the wealth manager crown from Switzerland?

The banking secrecy capital's dominance has been on a steady decline since 2010.

Hong Kong to host another blockbuster IPO with China Tower's flotation

The mega offering comes recently after Xiaomi’s recent public debut.

Fintech loan platform pushes to be Hong Kong's first licensed virtual bank

WeLab is backed by financial heavyweights like Alibaba and IFC.

74,700 new public rental housing units to be launched in the next five years

Even with the steady supply, waiting time for housing applicants has increased.

Government eyes $36,000 tax break to incentivise retirement saving

It would apply to residents who voluntarily top up their MPF account.

HKIA passenger traffic up 0.8% to 6.32m passengers in April

Visitors to and from the Mainland and Japan buoyed monthly figures.