European wealth turns to Hong Kong as 30 family offices eye operations in the city
Around 30 European family offices have expressed interest in establishing operations in Hong Kong, drawn by the city’s…
Hong Kong taxpayers face HK$28 billion Covid bad-loan burden from SMEs
Hong Kong taxpayers may have to shoulder nearly HK$28 billion (US$3.57 billion) in bad loans from a now-defunct,…
Exclusive | Hong Kong job openings hit 6-year low in 69% of sectors amid AI’s ascent
Hong Kong’s fresh graduates are facing increasingly challenging career prospects, with 69 per cent of job sectors recording…
No Exchange Fund withdrawal in next 5 years after latest transfers: Paul Chan
Hong Kong does not plan to make another transfer from its Exchange Fund in the next five years,…
Hong Kong’s finance chief confirms early surplus, vows more elderly support
Hong Kong’s finance chief has confirmed the city will achieve an early operating account surplus thanks to strong…
Hong Kong’s investment body posts US$300 million income in first year
The Hong Kong Investment Corporation (HKIC) earned HK$2.34 billion (US$300.7 million) in investment income last year, as the…
Hong Kong’s HK$19 trillion in bank deposits proves safe haven status: Paul Chan
Hong Kong has become a “safe haven” for capital with bank deposits exceeding HK$19 trillion (US$2.4 trillion) this…
Hong Kong roars ahead as top wealth hub, overtaking Singapore
Hong Kong has seen a sharp increase in wealthy clients opening accounts to manage their assets this year,…
HK reigns as global IPO leader with $19b raised
Financial Secretary Paul Chan Mo-po addresses the opening of the Routes World 2025 in Hong Kong on Sept…
Hong Kong’s Paul Chan banks on better market sentiments as retail sector stabilises
Hong Kong’s finance chief has anticipated improving market sentiments after downward trends in the retail, catering and property…
‘Quitting is hard’: how Hong Kong can protect youth after legalising basketball bets
Hongkonger Cyrus Chan*, 28, still remembers how defeated he felt the day he lost almost everything to gambling.…
Hong Kong could return to operating account surplus in 2025-26: Paul Chan
Hong Kong is on track to return to an operating account surplus for the 2025-26 financial year, with…