Financial Services
Hong Kong launches task force to reinforce asset, wealth hub stats
Hong Kong launches task force to reinforce asset, wealth hub stats
Hong Kong's assets under management exceeded $31t by the end of 2023.
HKMA issues RMB1b 3-year bonds at 2.13%
The bonds received RMB7.212b tender applications.
HK to ‘future-proof’ financial system for long-term sustainability
Total banking deposits in Hong Kong have grown by 5%.
HK to subsidise 7 Guangdong residential care homes
This increases the number of care homes under the scheme to 11.
HKMA, banks launch new measures to boost SME financing and support
The initiative will launch five new measures.
2024 Policy Address: Leaders commend gov’t plans to reinforce financial sector
The government will continue to forge financial cooperation overseas.
2024 Policy Address: HK strengthens role as global risk management hub
The Insurance Authority will initiate a review next year.
EMSD rolls out Green Welfare NGOs scheme applications
First batch applications will open on 14 October, whilst second batch opens on 30 November.
The Electrical and Mechanical Services Department (EMSD)...
Home & Youth Affairs Bureau launches family education scheme
Deadline for submissions is on 22 November.
The Home & Youth Affairs Bureau and the Family Council have launched a five-year “Funding Scheme on the...
Hong Kong’s foreign assets decreased to $3.49t
Foreign liabilities stood at $26.6b.
Hong Kong boosts fintech growth
He held discussions with representatives from the financial regulators, fintech sector, academia, and research institutions.
Hong Kong financial services market grows 60%
This was due to the recovery of the city’s overall economy.
Money woes break hearts for 1 in 3 couples: survey
Spending too much money and differences in saving habits were the top dealbreakers.
Mortgage loans down 12.2% to $21.8b
Applications also fell by 12.2% MoM to 5,919.
The value of residential loans approved in August reached $21.8b, a 12.2% decrease from July, the Hong...
PwC urges Hong Kong to adopt three-pronged approach for financial resilience
The strategy focuses on recouping capital, enhancing enterprise and talent attraction, and embracing opportunities in the digital economy.
HK ranks 3rd in global financial centres index
It also ranked first in the Asia Pacific region.
Hong Kong has climbed to third place in the latest Global Financial Centres Index 36 Report from...
HKMA reduces base rate to 5.25% in response to US Fed rate cut
The US Fed imposed a 50bps cut to its federal funds rate.
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