Hong Kong’s exports surged 15.5 per cent in May from a year ago, with economists attributing the increase to the front-loading of shipments by businesses racing to beat the July deadline of a tariff truce between China and the United States. The value of total exports reached HK$434.1 billion (US$55.3 billion) in May, the Census
The Shanghai Gold Exchange opened its first offshore warehouse in Hong Kong on Thursday, a move that is likely to bolster the international trading of its contracts. The vault witnessed several transactions of spot gold contracts after it became operational, according to a statement from Bank of China (Hong Kong), which runs the warehouse. Analysts
The logo of FWD group is seen on a building in Hong Kong, China March 20, 2023. REUTERS/Tyrone Siu/File Photo HONG KONG, June 26 (Reuters Breakingviews) – Richard Li is nothing if not relentless. The tycoon’s pan-Asian insurer FWD is going public after multiple false starts. A $6.2 billion, opens new tab market capitalisation is
The Hong Kong Jockey Club is contributing HK$450 million (US$57.7 million) to the city to support its co-hosting of the 15th National Games in November and two related events, marking the single largest donation for the competitions. Secretary for Culture, Sports and Tourism Rosanna Law Shuk-pui said on Thursday that the donation would inject powerful
America’s outgoing top diplomat in Hong Kong has said he had little opportunity to meet local officials during his tenure, while also noting that the implementation of the national security law five years ago remains a source of friction. Speaking at an American Independence Day event on Thursday, United States Consul General Gregory May also
Nio is expected to enter the Hong Kong market in the fourth quarter and will work with a distributor to sell cars, according to a local media report. Nio will also adopt this model in markets such as Azerbaijan and Brazil, said a company insider. (A Nio ET5 displayed at the Shanghai auto show in
Luxury supermarket chain City’super is closing its last remaining food court in Hong Kong’s Times Square shopping centre, as the city’s sluggish economy continues to take a toll on the catering and food production sectors. The Amazing Food Hall in the upscale mall and office complex in Causeway Bay will be closed from next Monday,
The Hong Kong government has pledged to promote the public adoption of licensed stablecoins, unveiling a broad set of new digital asset (DA) policies as the city seeks to cement its role as a global cryptocurrency hub while serving as a test bed for Beijing’s fintech aspirations. In the “Policy Statement 2.0 on the Development
