News

Bakai Bank sets up first Central Asian bank in APAC

This comes as the Kyrgyz lender secured a banking licence from Hong Kong.

Gov’t proposes six law changes to widen green fuel bunkering zone

The amendments aim to expand bunkering sea room from 645 to 2,877 hectares.

MTR to pay $2.25b, absorb $2.8b more over express rail delays

The Transport and Logistics Bureau said it holds MTRCL accountable for the delays.

HKEX lists four ETFs tracking three cross-market indices

Bursa Malaysia Berhad and Korea Exchange co-branded two of the indices.

Hotel spending to hit $37.5b in 2026 on mainland Chinese demand

Overnight arrivals from Japan and South Korea still sit about 39% under 2018 levels.

Mortgage applications fall 8.3% in August

Approvals also dropped 28.2% to $32.2b.

WeLab Bank swings to loss as HK$20m tech bet bites in H1

Its revenue and net interest income grew about 8% each during the period.

Mox Bank swings to profit in H1

Operating income and net interest income hit double-digit increases.

ZA Bank’s net profit doubles to $9m in H1

Net fee and commission income rose 76% to a record $15.68m.

DFI Retail Group takes sole control of Starbucks Asia franchise as Maxim's splits

The split separates 1,100 Starbucks coffeehouses from 1,000-plus restaurants across Asia.

HSBC completes three IP-backed loans under sandbox programme

HSBC worked with the companies to leverage their IP assets to secure loans.

Hong Kong ETF ownership hits 34% despite buying caution

Almost half, or 46%, said they are unlikely to invest in ETFs over the next 12 months.

Hong Kong sets 420,000-unit housing target for next decade

The target comprises 294,000 public housing units and 126,000 private housing units.

Hong Kong rises to 14th in Global Innovation Index

It remained 8th in Innovation Input and rose to 21st in Innovation Output.

AEON Credit profit rises 10.8% to $33m in H1

This is thanks to a higher interest income and improved credit risk management.