Hong Kong
Xiaohongshu opens first overseas office in Hong Kong
Xiaohongshu opens first overseas office in Hong Kong
It will help connect global brands with Chinese consumers.
Foreign currency reserves rise to US$431b in May
Including unsettled FX contracts, reserves were US$430.9b in May.
Gov't appoints new SFC advisers, renews 7 terms
New term runs from June 2025 to May 2027.
First Women Wellness Satellite opens in Chai Wan on 12 June
It includes consultation rooms and health assessment areas, and a health education space.
Sham Shui Po youth hostel approved
It will offer 676 beds.
Stablecoins Ordinance to take effect in August
It will oversee stablecoin operations and ensure proper supervision.
Blue Cross expands GBA healthcare access with cross-border partners
Individual and group medical insurance holders can access medical consultations.
4 in 5 consumers hold only credit cards: report
Only 11% belong to the "flexible funding wallet" segment.
Gov’t OKs revised Banking Bill 2025
The ordinance will enable banks to share account information to detect and prevent crimes.
Gov’t prices $27b worth of green bonds and infrastructure bonds
The bonds are denominated in Hong Kong dollars, renminbi, US dollars, and euro.
Cathay Pacific launches direct flights to Rome
It will be operated by Cathay’s Airbus A350-900 fleet.
Hotel101 secures SEC approval for merger with Nasdaq-listed JVSPAC
The merger values Hotel101 at an equity value of $3b.
What makes SASE a key asset for banks in Hong Kong
Banks can no longer rest on their laurels or afford lacklustre cybersecurity policies.
Generali Hong Kong, Wonder partner to digitalise insurance premium payments
The collaboration leverages Citi's Spring by Citi® digital payment acceptance solution.
Almost eight in 10 sceptical of new taxi fleet impact
A notable 29% expressed that they were "very pessimistic."
Hong Kong ranks among top APAC hubs with pro-business climate
It ranked 4th in APAC.
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Commentary
Driving non-Grade A office market with the Hostels in the City Scheme