Hong Kong Monetary Authority

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Tokenisation a ‘defining trend’ for Web3 in Hong Kong as city hosts major Consensus event

Hong Kong is intensifying its focus on tokenisation and stablecoins to bolster its Web3 industry, the financial services secretary said…

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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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18 Hong Kong banks join forces to help SMEs weather financial storm

A dozen banks have joined six major lenders in Hong Kong to provide financial support for small and medium-sized enterprises…

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HSBC, Standard Chartered may post bumper 2024 profits this week, helped by wealth demand

HSBC and Standard Chartered Bank are expected to post bumper profits this week when they kick off the reporting season…

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HSBC cuts rates on fixed mortgages in Hong Kong amid slumping sales

Hong Kong’s largest banks are likely to offer new mortgages to ease the burden on homebuyers amid elevated interest rates,…

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Yuan trade finance rises in Hong Kong as firms seek cost efficiencies amid US-China tensions

The use of the yuan in trade finance is gaining momentum as companies seek cost efficiencies and supply chain diversification…

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Standard Chartered banks on yuan assets amid US-China tensions, Trump risks

Market volatility under US president Donald Trump and the rising appeal of yuan assets mean a boom for Standard Chartered…

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Mortgage registrations in Hong Kong hit record low in 2024, Centaline says

Mortgage registrations in Hong Kong dropped to the lowest level on record last year, as the city’s property market suffered…

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Hong Kong, Macau link bond clearance systems to create larger market for fundraising

Hong Kong and Macau have linked up their bond clearance and settlements systems, creating a larger market for fixed-income financial…

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Hong Kong rental yields to pick up momentum in 2025 amid talent-scheme influx, lower rates

Rental yields for Hong Kong residential properties are expected to pick up some momentum next year after receding in October,…

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