Hong Kong Monetary Authority

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Given prevailing headwinds, Hong Kong has the big opportunity as an offshore yuan hub: CICC

Hong Kong faces an unprecedented opportunity as an offshore hub for the currency, despite what is broadly seen as short-term…

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Hong Kong mortgage loans surge to 9-month high as new homebuyers seek more financing

Approved mortgage loans in Hong Kong rose to a nine-month high in February as buyers of new flats sought additional…

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Hong Kong’s home prices fall towards decade low on interest rate, tariff headwinds

Home prices in Hong Kong’s secondary property market dropped for a third straight month in February to near the lowest…

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Hong Kong property demand aided by stamp duty cuts, but stocks and interest rates are key

Hong Kong’s residential property market is showing signs of improvement following the government’s decision to lower the stamp duty for…

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Hong Kong retail property fund Bridgeway sells Jordan shop at 30% discount

A veteran Hong Kong property investor has sold a shop in Jordan at a loss of more than 30 per…

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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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New Business

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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New Business

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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