News
HKMA purchases $9.5b in HKD to defend flailing currency peg
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.
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.
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.
GDP growth hits seven year high as economy surges 4.7% in Q1
Strong private consumption levels and exports buoyed the domestic economy.
US biotech firm mulls Hong Kong IPO following bourse reform
Stealth BioTherapeutics is reportedly seeking around $200m for its public debut.
What could possibly cost more than a flat in space-starved Hong Kong?
HSBC and Standard Chartered have even started offering mortgages for these products.
Goods export up 5.3% in March
Double digit growth was posted in export volume to the Mainland.
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