Eddie Yue Wai-man

New Business

Hong Kong’s booming wealth sector to lead hiring and office expansion, HKMA says

The strong growth of Hong Kong’s private banking and wealth management sectors will drive increased hiring and leasing of office…

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New Business

Hong Kong fights carry trade pressure with US dollar sales to maintain currency peg

The Hong Kong Monetary Authority (HKMA) intervened in the foreign exchange market on Tuesday, for the sixth time since late…

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New Business

China’s state-asset watchdog explores potential role of stablecoins, other digital assets

The State-owned Assets Supervision and Administration Commission (SASAC) in Shanghai said SOEs must “maintain a keen awareness of emerging technologies”…

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New Business

HKMA intervenes in the market for the fifth time in 2 weeks to defend currency peg

The Hong Kong Monetary Authority (HKMA) intervened in the foreign-exchange market on Friday for the fifth time in two weeks,…

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New Business

China expands Bond Connect by allowing more players to join banks in offshore market

China expanded the scope of investors to include more mainland-based financial groups under the eight-year-old Bond Connect programme, taking a…

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New Business

Payment Connect: Hongkongers, mainland China residents embrace service on launch day

Hongkongers and mainland residents jumped at the chance to send money across the border via a new electronic payment service…

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New Business

Hong Kong SMEs generate new business by making use of their carbon-tracking technologies

Small and medium-sized enterprises (SMEs) say they have been generating new business by leveraging their carbon-tracking technologies, despite some financial…

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New Business

Hong Kong passes stablecoin law, clearing way for licensed issuers to sell to public

Hong Kong lawmakers passed a law on Wednesday that establishes a regulatory regime for stablecoins, paving the way for issuers…

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New Business

HKMA warns borrowers that Hibor could bounce back after hitting near 3-year low

Mortgage borrowers were able to save more after the one-month Hong Kong interbank offered rate (Hibor) fell below 1 per…

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New Business

Why Hong Kong’s interbank rate at 30-month low is a relief for homeowners, companies

Mortgage borrowers and companies are likely to benefit from a sharp fall in the Hong Kong interbank offered rates (Hibor),…

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