HK's economy in best position to grow
2 years, 9 months ago

HK's economy in best position to grow

China Daily  

Hong Kong Financial Secretary Paul Chan Mo-po gives an interview. Hong Kong Financial Secretary Paul Chan Mo-po said he is very confident and hopeful about Hong Kong's economy and future development as the city is at a critical juncture of maintaining stability and seeking prosperity. "Hong Kong now is in the best position to grow and focus our attention on economic development and also on improving people's livelihood," Chan said in an interview ahead of the 25th anniversary of Hong Kong's return to the motherland, which falls on July 1. The improvement to the electoral system has enabled Hong Kong to return to the right track of "one country, two systems" with patriots administering and serving Hong Kong, Chan said. Refuting media reports of "capital fleeing Hong Kong", Chan said assets under management have risen to HK$34 trillion by the end of 2020, an increase of 21 percent year-on-year.

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HK's IPO market to keep top 5 ranking in 2025
3 months, 2 weeks ago

HK's IPO market to keep top 5 ranking in 2025

China Daily  

By WU MENGLEI in Hong Kong | China Daily | Updated: 2024-12-12 09:05 International accounting firm KPMG foresees improved investor confidence in Hong Kong's IPO market and expects it to maintain its position among the global top five in 2025, as its financial funding sector shows robust resilience. As of Dec 8, the Hong Kong stock exchange ranked 4th in …

HK Fintech Hub to Boost Cooperation with the Middle East
Trending News
5 months ago

HK Fintech Hub to Boost Cooperation with the Middle East

China Daily  

Hong Kong and the Middle East region will strengthen fintech cooperation, with a business delegation visiting Riyadh, Saudi Arabia, for three days. The trip aims to explore cooperation and two-way investment in innovation and technology, with a focus on listing Hong Kong's first two ETFs on the Saudi exchange and accelerating collaboration in fintech between the two regions.

HK Fintech Hub to Boost Cooperation with the Middle East
Trending News
5 months ago

HK Fintech Hub to Boost Cooperation with the Middle East

China Daily  

Hong Kong and the Middle East region will strengthen fintech cooperation, with a business delegation visiting Riyadh, Saudi Arabia, for three days. The trip aims to explore cooperation and two-way investment in innovation and technology, with a focus on listing Hong Kong's first two ETFs on the Saudi exchange and accelerating collaboration in fintech between the two regions.

UAE cities serve as BRI gateway to Middle East, speakers at Hong Kong forum say
6 months, 2 weeks ago

UAE cities serve as BRI gateway to Middle East, speakers at Hong Kong forum say

China Daily  

By MIKE GU and JAN YUMUL in Hong Kong | chinadaily.com.cn | Updated: 2024-09-12 21:49 Speakers at the Invest in UAE Forum under the Hong Kong's 2024 Belt and Road Week discuss potential investments of Chinese businesses in the Gulf country on Thursday. Major cities of the United Arab Emirates, Abu Dhabi and Dubai, have played a strategic role in …

Hong Kong to play key role in China's financial opening-up: Bund Summit
6 months, 3 weeks ago

Hong Kong to play key role in China's financial opening-up: Bund Summit

China Daily  

Paul Chan Mo-po, the financial secretary of the Hong Kong Special Administrative Region, speaks during the 6th Bund Summit in Shanghai on Sept 5, 2024. Hong Kong will play a "unique and crucial role" in promoting China's high-level financial opening-up, said Paul Chan Mo-po, financial secretary of the Hong Kong Special Administrative Region, at the 6th Bund Summit in Shanghai. …

Hong Kong to play key role in China's financial opening-up: Bund Summit
6 months, 3 weeks ago

Hong Kong to play key role in China's financial opening-up: Bund Summit

China Daily  

Paul Chan Mo-po, the financial secretary of the Hong Kong Special Administrative Region, speaks during the 6th Bund Summit in Shanghai on Sept 5, 2024. Hong Kong will play a "unique and crucial role" in promoting China's high-level financial opening-up, said Paul Chan Mo-po, financial secretary of the Hong Kong Special Administrative Region, at the 6th Bund Summit in Shanghai. …

Hong Kong beefs up status as financial hub
7 months, 3 weeks ago

Hong Kong beefs up status as financial hub

China Daily  

Business leaders, lawmakers and academics in Hong Kong have thrown their weight behind the city's bid to seize opportunities arising from offshore yuan financing, Belt and Road fund-raising, financial technology applications and the "finance-plus-technology "development model to strengthen its status as a world financial hub. "Hong Kong can use the resources, financing channels and financial infrastructure experience of being an …

Hong Kong beefs up status as financial hub
7 months, 3 weeks ago

Hong Kong beefs up status as financial hub

China Daily  

Business leaders, lawmakers and academics in Hong Kong have thrown their weight behind the city's bid to seize opportunities arising from offshore yuan financing, Belt and Road fund-raising, financial technology applications and the "finance-plus-technology "development model to strengthen its status as a world financial hub. "Hong Kong can use the resources, financing channels and financial infrastructure experience of being an …

HK's future as business center secure under 'one country, two systems'
11 months, 4 weeks ago

HK's future as business center secure under 'one country, two systems'

China Daily  

A recent report in Western media that suggested Hong Kong was planning to ban some popular social media platforms, such as Facebook and YouTube, is another futile attempt to mislead international opinion. Hong Kong's best days are ahead, as China has secured the city's status as the Asia-Pacific region's leading finance-corporate management center. China's authorities have reiterated that Hong Kong …

Hong Kong, Asia 'here to stay'
1 year ago

Hong Kong, Asia 'here to stay'

China Daily  

Capital markets in Asia and the Pacific region are set to stage a rebound this year, while Hong Kong's global competitiveness and efforts to woo new investors could bring a reversal of fortune for its beleaguered stock market. Heavier capital flow in Asia would do well for Hong Kong despite the city's lackluster performance in the stock market. "India's strong …

Hong Kong, Asia 'here to stay'
1 year ago

Hong Kong, Asia 'here to stay'

China Daily  

Capital markets in Asia and the Pacific region are set to stage a rebound this year, while Hong Kong's global competitiveness and efforts to woo new investors could bring a reversal of fortune for its beleaguered stock market. Heavier capital flow in Asia would do well for Hong Kong despite the city's lackluster performance in the stock market. "India's strong …

Hong Kong Sees 2024 Growth Range at or Below Last Year
1 year, 1 month ago

Hong Kong Sees 2024 Growth Range at or Below Last Year

Hindustan Times  

-- Hong Kong expects its economy to grow in a range of 2.5% to 3.5% this year, suggesting a potentially slower rate of expansion as the financial hub tries to bolster a struggling housing market and attract more tourism and investment. Confidence in Hong Kong has waned as home prices tumble to a seven-year low, national security measures erode freedoms …

Hong Kong remains hub for global talent
1 year, 2 months ago

Hong Kong remains hub for global talent

China Daily  

A view of the Victoria Harbor in Hong Kong, China. Beijing on Monday hailed Hong Kong's strong appeal to international talent, and reaffirmed its continued support for the city in attracting talent from around the world. Foreign Ministry spokesman Wang Wenbin dismissed some comments made in the media that global talent is reluctant to work and live in Hong Kong, …

'Find our niche' to revive HK's fortune
1 year, 3 months ago

'Find our niche' to revive HK's fortune

China Daily  

The SAR needs to seize the opportunities from the realignment of international partnerships, with the rule of law remaining the cornerstone of the city's economic success, Financial Services Development Council Chairman Laurence Li Lu-jen tells Liu Yifan. In an exclusive interview with China Daily, Li shares his insights into a vast array of issues concerning Hong Kong's development, noting that …

Hong Kong eyes stronger economic and trade ties with Thailand to expand its role in Southeast Asia
1 year, 5 months ago

Hong Kong eyes stronger economic and trade ties with Thailand to expand its role in Southeast Asia

Associated Press  

HONG KONG — Hong Kong’s leader said Tuesday the city would seek to strengthen its economic and trade ties with Thailand after a meeting with the country’s prime minister, as the Chinese financial hub looks for more business opportunities in Southeast Asia. Lee’s administration wants to expand the city’s role in Southeast Asia to boost economic growth for the financial …

Building Stronger China-ASEAN Relations
1 year, 7 months ago

Building Stronger China-ASEAN Relations

China Daily  

China-Hong Kong-ASEAN Relations More Important Than Ever Integral to China's vision of multilateralism in a multi-polar, open and inclusive world is a mutually beneficial and enduring partnership with the ASEAN. Re-export trade between the two economies through Hong Kong amounted to 624.1 billion HK dollars in 2021, with an average of 7.4 percent annual growth rate in trade volume between …

Hong Kong makes bid for greater regional integration
1 year, 8 months ago

Hong Kong makes bid for greater regional integration

China Daily  

A view of the Victoria Harbor in Hong Kong. In a global landscape where economic diplomacy often takes center stage, Hong Kong's Chief Executive John Lee Ka-chiu is making strategic moves. This journey, his second to the region within a year, underlines the Hong Kong Special Administrative Region government's strategic pivot toward Southeast Asia, a region whose economic ascendancy is …

Hong Kong to promote diversified industrial development: financial chief
1 year, 9 months ago

Hong Kong to promote diversified industrial development: financial chief

China Daily  

HONG KONG -- Paul Chan, financial secretary of China's Hong Kong Special Administrative Region government, said on Tuesday that a new industry promotion office of the HKSAR government has already contacted more than 150 enterprises, many of which are high-end tech companies that are leaders in their respectively fields. The financial chief said that the enterprises targeted by the HKSAR …

Hong Kong remains one of world's most competitive economies: Report
1 year, 9 months ago

Hong Kong remains one of world's most competitive economies: Report

China Daily  

A view of the Victoria Harbor in Hong Kong. HONG KONG -- Hong Kong continues to be one of the most competitive economies in the world, ranking seventh globally, according to the World Competitiveness Yearbook 2023 published by the Switzerland-based International Institute for Management Development. Among the four competitiveness factors in WCY 2023, Hong Kong continues to rank second globally …

How can Hong Kong maintain its competitiveness as an international financial center?
1 year, 10 months ago

How can Hong Kong maintain its competitiveness as an international financial center?

China Daily  

Photo taken on July 14, 2020 shows the Golden Bauhinia Square in Hong Kong. Challenged by the complex and volatile external environment and uncertainties, how should Hong Kong plough the waves to maintain its competitiveness as an international financial center? Here are excerpts from the interview: CNS: Under the impact of the changing international environment and the Covid-19 pandemic, what …

High-level meeting on multilateralism, globalization held in Hong Kong
1 year, 10 months ago

High-level meeting on multilateralism, globalization held in Hong Kong

China Daily  

HONG KONG -- The International Finance Forum together with the Hong Kong Monetary Authority and the Hong Kong Academy of Finance on Friday hosted a major conference on multilateralism and globalization. In a recorded address to the conference, Chief Executive of the Hong Kong Special Administrative Region John Lee said multilateralism and globalization are part of Hong Kong's DNA and …

HK a center for global standards and regulations
1 year, 10 months ago

HK a center for global standards and regulations

China Daily  

Wang Zhile, head of the Beijing New Century Academy on Transnational Corporations. PHOTO PROVIDED TO CHINA DAILY The Chinese mainland's next phase of its opening-up will be driven by institutional reform, and the Hong Kong Special Administrative Region, with its well-established regulatory framework in line with international rules, can serve as a key intermediary in linking standards and practices between …

Hong Kong's new plan to restore business confidence: Offices for…
2 years ago

Hong Kong's new plan to restore business confidence: Offices for…

Hindustan Times  

Hong Kong's government announced a series of measures on Friday to attract wealthy family offices to set up in the financial hub as authorities try to restore business confidence and investor allure after three years of severe COVID-19 rules. "The policy statement demonstrates our determination to develop Hong Kong into a leading global family office hub," Paul Chan, the city's …

Forum highlights Hong Kong's advantages as intl financial hub
2 years, 4 months ago

Forum highlights Hong Kong's advantages as intl financial hub

China Daily  

Chief Executive John Lee Ka-chiu delivers a speech during the Global Financial Leaders' Investment Summit at Four Seasons Hotel in Hong Kong on Nov 2, 2022. HONG KONG -- A forum attended by high-ranking Hong Kong officials, mainland regulators, and international financial heavyweights highlighted Hong Kong's advantages as an international financial center on Wednesday. John Lee, chief executive of the …

HKSAR gov't welcomes Hong Kong ranked as world's freest economy
2 years, 6 months ago

HKSAR gov't welcomes Hong Kong ranked as world's freest economy

China Daily  

HONG KONG -- The Hong Kong Special Administrative Region government on Thursday welcomed that Canada's Fraser Institute once again ranked Hong Kong as the world's freest economy in the Economic Freedom of the World 2022 Annual Report. A government spokesperson said that Hong Kong has been striving to improve the business environment and enhance market efficiency and support, thereby allowing …

As China tightens grip, Hong Kong’s luster as ‘world city’ dims
2 years, 8 months ago

As China tightens grip, Hong Kong’s luster as ‘world city’ dims

Al Jazeera  

Tens of thousands of residents are exiting the former British colony as Beijing reshapes life in the city. In a survey carried out by the American Chamber of Commerce of Hong Kong last year, more than 40 percent of expats said they were planning to leave or considering it, mostly due to concerns over a draconian national security law imposed …

Hong Kong burnishes China ties as luster as global hub fades
2 years, 9 months ago

Hong Kong burnishes China ties as luster as global hub fades

Associated Press  

HONG KONG — Every few generations, Hong Kong transforms itself, evolving from a swampy fishing village to 19th century colonial port, to capitalist outpost and factory after China’s 1949 revolution, to 21st century financial center. “There are great opportunities in the Greater Bay Area that haven’t been realized yet,” said David Graham, executive director of the British Chamber of Commerce …

Hong Kong backed by mainland for a better future
2 years, 9 months ago

Hong Kong backed by mainland for a better future

China Daily  

Hong Kong will maintain its role as a gateway, springboard and intermediary in the exchanges between China and the rest of the world. Aerial photo taken on May 29, 2022 shows a view of the Two International Finance Centre in Hong Kong. 14th Five-Year Plan Under the 14th national Five-Year Plan, the central government continues to support Hong Kong's effort …

Hong Kong backed by mainland for a better future
2 years, 9 months ago

Hong Kong backed by mainland for a better future

China Daily  

Hong Kong will maintain its role as a gateway, springboard and intermediary in the exchanges between China and the rest of the world. Aerial photo taken on May 29, 2022 shows a view of the Two International Finance Centre in Hong Kong. 14th Five-Year Plan Under the 14th national Five-Year Plan, the central government continues to support Hong Kong's effort …

'In this vibrant city, I feel energy, freedom and efficiency': Hong Kong in eyes of foreign residents
2 years, 9 months ago

'In this vibrant city, I feel energy, freedom and efficiency': Hong Kong in eyes of foreign residents

China Daily  

Aerial photo taken on July 16, 2020 shows the Wan Chai of Hong Kong. "Very soon after I arrived in Hong Kong, I realized I was living in a unique world city," said Cullen. "After 25 years, our business has grown stronger and our ability to operate in Hong Kong has improved in many ways," he said. "I believe the …

As Hong Kong sinks deeper into isolation, foreign firms despair
3 years, 4 months ago

As Hong Kong sinks deeper into isolation, foreign firms despair

Al Jazeera  

Hong Kong, China – Before the pandemic, Basil Hwang enjoyed a globe-trotting lifestyle synonymous with high-flying expat executives in Hong Kong, travelling to visit his family in Singapore two or three times each month. China doesn’t have the real need to open the border.” The source told Al Jazeera they believed Hong Kong officials were sympathetic to the plight of …

Can Hong Kong’s economy survive China’s political crackdown?
3 years, 5 months ago

Can Hong Kong’s economy survive China’s political crackdown?

Al Jazeera  

Business is considering its options amid the national security law, currency fears and punishing COVID-19 quarantines. Over the past year, Hong Kong’s society has been torn apart by the Beijing-imposed national security law and changes to the electoral process designed to ensure only people deemed “patriots” can hold office in the territory. Last month, the institute’s annual report on economic …

Hong Kong still 'go-to' place for investors, official says
3 years, 10 months ago

Hong Kong still 'go-to' place for investors, official says

China Daily  

Hong Kong's chief investment promotion officer has expressed full faith in the city's future economic development, as the newly enacted National Security Law for Hong Kong and improvements to its electoral system bring stability to the city's business environment. Hong Kong, being part of the growth engine of the Guangdong-Hong Kong-Macao Greater Bay Area while also enjoying good connections with …

Future of Hong Kong: Financial elite weigh up fleeing as businesses undeterred by Chinese crackdown
4 years ago

Future of Hong Kong: Financial elite weigh up fleeing as businesses undeterred by Chinese crackdown

The Telegraph  

In the most stark demonstration yet of what might happen if a company does not toe the party line, Hong Kong's flag carrier Cathay Pacific was caught in the crossfire in 2019 as Beijing cracked down after some staff drew attention for joining the anti-government protests. Since then it has only doubled down on the world’s second largest economy, it’s …

The US is treating Hong Kong as mainland China. Business is starting to do the same
4 years, 8 months ago

The US is treating Hong Kong as mainland China. Business is starting to do the same

CNN  

Hong Kong CNN Business — The relationship between China and the West is rapidly eroding, and that could have serious implications for Hong Kong’s status as a global financial hub. The New York Times on Tuesday also announced that it would move some of its staff based in Hong Kong to Seoul as it began to “make contingency plans.” Alongside …

Pivot to Hong Kong: China tech giants turn to city to raise funds
4 years, 8 months ago

Pivot to Hong Kong: China tech giants turn to city to raise funds

Al Jazeera  

NetEase, JD.com have followed Alibaba with listings in Hong Kong as Chinese companies in the US face greater scrutiny. “Chinese billionaires’ tech companies are helping the capital market in Hong Kong for a pivotal change and secure its Asia financial hub status,” said Edward Au, managing director of the southern region at Deloitte China. Chinese tech tycoons with companies trading …

U.S. strips Hong Kong of special trading status
4 years, 10 months ago

U.S. strips Hong Kong of special trading status

The Hindu  

May 27, 2020 11:04 pm | Updated November 28, 2021 12:02 pm IST U.S. Secretary of State Mike Pompeo declared on Wednesday that Hong Kong no longer enjoys the autonomy promised by Beijing, stripping the financial hub of its special status under U.S. law. “I certified to Congress today that Hong Kong does not continue to warrant treatment under United …

Hong Kong’s future: Business fears grow
4 years, 10 months ago

Hong Kong’s future: Business fears grow

CNN  

Hong Kong CNN Business — Hong Kong’s status as Asia’s premiere financial hub survived months of political unrest last year. “Regardless, I think the real issue is less the actual amount of trade than the signal a change in status would send about the unreliability of doing business with Hong Kong.” A serious development More than 1,300 US companies alone …

Hong Kong’s political crisis isn’t a deal breaker for investors right now
5 years, 5 months ago

Hong Kong’s political crisis isn’t a deal breaker for investors right now

CNN  

Hong Kong CNN Business — Protests have paralyzed many parts of Hong Kong for months, trashing its retail economy and prompting an outflow of money to Singapore. The day before Tuesday’s violent escalation, Anheuser-Busch InBev listed its Asia business on the Hong Kong Stock Exchange, raising $5 billion in the second biggest IPO of the year after Uber. “Budweiser’s IPO …

HK vows to further sharpen edges after being ranked as world's 2nd most competitive economy
6 years, 10 months ago

HK vows to further sharpen edges after being ranked as world's 2nd most competitive economy

China Daily  

HONG KONG -- The government of China's Hong Kong Special Administrative Region vowed on Thursday to consolidate Hong Kong's competitive edges after an annual global competitiveness ranking listed it as the world's second most competitive economy. In the International Institute for Management Development's World Competitiveness Yearbook 2018, Hong Kong maintained the top rank in "government efficiency" and "business efficiency," both …

China handles Hong Kong issue well: expert
7 years, 8 months ago

China handles Hong Kong issue well: expert

China Daily  

JOHANNESBURG -- A South African expert said that China has handled the Hong Kong issue well and enabled stability and development over the past 20 years. "Hong Kong enjoyed massive investment and the development in the small Island was incredible -- China managed Hong Kong well and there was peace and stability," Professor Rukudzo Murapa, Khulisa Management Services Africa director, …

'One country, two systems' ensures Hong Kong's prosperity: Lam Cheng Yuet-ngor
7 years, 8 months ago

'One country, two systems' ensures Hong Kong's prosperity: Lam Cheng Yuet-ngor

China Daily  

HONG KONG -- The "one country, two systems" principle has maintained Hong Kong's prosperity and stability over the last 20 years, said Lam Cheng Yuet-ngor, Hong Kong's new chief executive, in an interview with Xinhua on Saturday. Since 1997, the Hong Kong Special Administrative Region has made achievements in all respects including economic development and the improvement of people's well-being, …

HK: The connected city
7 years, 8 months ago

HK: The connected city

China Daily  

Chief Executive Carrie Lam Cheng Yuet-ngor and her husband Lam Siu-por greet the public before the flag-raising ceremony to celebrate the 20th anniversary of the establishment of the Hong Kong Special Administrative Region at Golden Bauhinia Square on Saturday. Hong Kong's "one country, two systems" framework has been at the heart of our success these past 20 years and it …

Hong Kong scores brilliant achievements after return: People's Daily
7 years, 8 months ago

Hong Kong scores brilliant achievements after return: People's Daily

China Daily  

On 29th June, People's Daily published an article under the byline of Ren Zhongping to summarize Hong Kong's brilliant achievements over the last 20 years after its return to the motherland. However, Hong Kong's return has opened a new historical era led by guidelines such as "one country, two systems" and "Hong Kong people administering Hong Kong" with a high …

Hong Kong scores brilliant achievements after return: People's Daily
7 years, 8 months ago

Hong Kong scores brilliant achievements after return: People's Daily

China Daily  

On 29th June, People's Daily published an article under the byline of Ren Zhongping to summarize Hong Kong's brilliant achievements over the last 20 years after its return to the motherland. However, Hong Kong's return has opened a new historical era led by guidelines such as "one country, two systems" and "Hong Kong people administering Hong Kong" with a high …

Hong Kong was supposed to be a world financial capital in a communist system. Contradiction?
7 years, 8 months ago

Hong Kong was supposed to be a world financial capital in a communist system. Contradiction?

LA Times  

Britain handed Hong Kong over to China 20 years ago. “I wouldn’t be surprised if 10 years down the line, Hong Kong is still the key conduit for foreign investment into China,” said Julian Evans-Pritchard, China economist at Capital Economics in Singapore. The Chinese Foreign Ministry was more blunt, stating that it “no longer has any practical significance.” That will …

Hong Kong's global competitiveness ascending over 20 years
7 years, 9 months ago

Hong Kong's global competitiveness ascending over 20 years

China Daily  

HONG KONG - Johnny Ng, the first post-doctorate student from Hong Kong at Tsinghua University, could not understand Mandarin two decades ago and did not expect his business to thrive on the Chinese mainland. The past two decades witnessed the ascent of Hong Kong's global competitiveness, supported by a sound business environment, solid infrastructure, and a complementary Chinese mainland market. …

Hong Kong's global competitiveness ascending over 20 years
7 years, 9 months ago

Hong Kong's global competitiveness ascending over 20 years

China Daily  

HONG KONG - Johnny Ng, the first post-doctorate student from Hong Kong at Tsinghua University, could not understand Mandarin two decades ago and did not expect his business to thrive on the Chinese mainland. The past two decades witnessed the ascent of Hong Kong's global competitiveness, supported by a sound business environment, solid infrastructure, and a complementary Chinese mainland market. …

HK's return 20 years later breaks the prophecy that sings the blues over its development
7 years, 9 months ago

HK's return 20 years later breaks the prophecy that sings the blues over its development

China Daily  

Hong Kong’s development in the 20 years since its return to China has broken the prophecy that sings the blue over the region’s prosperity, said People’s Daily on June 25. In 2003, when the Severe Acute Respiratory Syndromes hit both mainland China and Hong Kong, the central government spared no efforts and provided free medicine and protective medical equipment for …

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