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Beijing allows Hong Kong banks to issue credit cards on mainland from March 1

Beijing will allow Hong Kong and Macau-domiciled banks to launch a range of services on the mainland including credit cards…

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New Business

Interest in offshore yuan bonds is expected to increase, CICC says

More Chinese and global issuers and investors are expected to be drawn to offshore yuan bonds in Hong Kong and…

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New Business

Hong Kong ‘crucial’ for promoting yuan’s growing role in international finance: officials

Hong Kong is expected to play a bigger role in the internationalisation of the yuan as liquidity increases and uses…

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New Business

Hong Kong stocks on course for 4-month low as US jobs data dampens rate-cut hopes

Hong Kong stocks retreated to an almost four-month low as robust US job data pared bets that the Federal Reserve…

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New Business

China’s tech firms at the front of the queue for loans amid policy tilt

China’s central bank urged key government ministries and major banks to accelerate loans to tech companies, pushing for the implementation…

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New Business

HKMA links data platform with Companies Registry to help SMEs open bank accounts

Hong Kong’s de facto central bank is pulling out all the stops to help the city’s struggling small and medium-sized…

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