HONG KONG, Sep 14, 2021 – (ACN Newswire via SEAPRWire.com) – The Hong Kong Trade Development Council (HKTDC) announced today that its Export Index for the third quarter of this year (Q3) fell 9.7 points back to its first-quarter level of 39.0, after rising for five consecutive quarters, as sector and market sub-indexes declined across […]
Despite advantages including cheaper operational costs and backing from tech firms with deep pockets, Hong Kong’s digital banks will face hurdles in turning a profit. These eight newcomers will have to operate at a loss for at least the next two years and some will likely fail, warns financial information and analytics firm S&P Global. […]
HONG KONG, Sep 3, 2021 – (ACN Newswire via SEAPRWire.com) – The sixth Belt and Road Summit, jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), drew to a successful close yesterday (2 September). In response to the COVID-19 pandemic, this year’s summit […]
Hong Kong remains resilient as a global financial hub favoured by investors and businesses from around the world despite external uncertainties and challenges, says Monetary Authority chief Eddie Yue. In an interview with Xinhua News Agency, Yue said Hong Kong has held up well against unfavourable conditions in recent years, including social unrest, US sanctions, […]
HONG KONG, Jul 20, 2021 – (ACN Newswire via SEAPRWire.com) – The Hong Kong Trade Development Council (HKTDC) noticed recent discussions on Hong Kong’s business environment. Dr Peter KN Lam, Chairman of the HKTDC, said that most companies operating in Hong Kong remain confident in the city’s business landscape. Dr. Lam said, “Based on my […]
In Hong Kong, fintech will play a key role in creating a more environmentally-friendly financial system and help the city reach its green finance ambitions, experts told Fintech News Hong Kong. Technology and sustainability are quickly emerging as two key driving forces reshaping the global financial ecosystem. Given Hong Kong’s existing position as one of […]
HONG KONG, Jun 23, 2021 – (ACN Newswire via SEAPRWire.com) – The Hong Kong Trade Development Council (HKTDC) announced today that its Export Index has risen for the fifth consecutive quarter, soaring from a record low of 16.0 at the beginning of the COVID-19 pandemic last year to 48.7 in the second quarter of 2021, […]
ZA Bank and Mox are leading Hong Kong’s virtual bank race, making up 70% of all virtual banking customer deposits as of the end of 2020, Reuters reported, citing the lenders’ annual reports. Hong Kong’s eight virtual banks accumulated total customer deposits of HK$15.8 billion (US$2.03 billion) at the end of 2020. Of this, ZA […]
2021-03-29 HKT 10:49″ title=”Bilibili’s opening price plunged just over 6 percent in early trade after the firm raised around US$2.6 billion in a secondary listing on Hong Kong’s bourse. Online photo”> Bilibili’s opening price plunged just over 6 percent in early trade after the firm raised around US$2.6 billion in a secondary listing on Hong […]
By 2025, virtual banks could be serving a total of 1.9 million customers, or 24.9% of the Hong Kong population, and hold a combined revenue market share of 19.3%, estimates Quinlan and Associates. Though not insignificant, the consulting firm forecasts industry consolidation in the years to come with only a handful of players truly thriving. […]
2021-02-25 HKT 12:24″ title=”Forbes said Li Ka-shing’s wealth grew 20 percent over the past year. File photo: RTHK”> Forbes said Li Ka-shing’s wealth grew 20 percent over the past year. File photo: RTHK Retired billionaire Li Ka-shing has reclaimed his position as Hong Kong’s richest person this year, thanks to a 20 percent jump in […]