News

PBOC and HKMA sign MOU on cross-boundary linkage of payment systems

They also exchanged views on financial co-operation between the Mainland and Hong Kong.     

Cathay Pacific posts 15% lower profit; commits $100b to enhance services

The investment includes the purchase of 30 Airbus A330-900 aircraft.

Paris 2024 Olympics boosts Hong Kong's catering industry

Thanks to the free live streams, the catering industry surged 20%.

Manulife Asia’s profit quadruples, Hong Kong segment doubles core earnings

The group’s NBV margin improved by 3.4 percentage points.

Majority of women want more breastfeeding areas in public places

81.9% suggested commercial and government premises improve breastfeeding facilities’ hygiene standards. 

Foreign currency reserves hit US$419.3b in July

It rose from the US$416.3b record in June.

HK prohibits import of seafood products from 10 Japanese cities

This is in response to the Japanese government's discharge of nuclear-contaminated water.

HKMA preparing law amendments for proposed two-tier bankings system

The central bank has published results of its consultation and new parameters added.

Hong Kong logistics rents rise 3.3% in H1 2024

The prime net rent was $15.5m per sq. ft.

HKMA rules out new virtual banking licenses

Competition is keen in the market and enquiries have declined.

HK virtual banks' record 2.2 million depositors by end-2023

Hong Kong's eight licensed virtual banks experienced modest growth over the past three years.

Virtual banks in Hong Kong thrive with 2.2 million depositors in 2023

Hong Kong's eight licensed virtual banks experienced modest growth over the past three years.

Fusion Bank unveils business loans with up to $5m financing

One loan is for businesses at least three years old.

Mox Bank opens platform to crypto-related investing

Mox Invest users can access and invest in crypto ETFs.

Country Garden’s contracted sales hit RMB 3.41b in July

Gross floor area (gfa) attributable to the shareholders was 0.38 million sq m.