Hong Kong

Hong Kong banks reminded they may engage with virtual asset entities: central bank

There have been more comments from foreign firms on the difficulties of opening a bank account.

Hong Kong banks reminded they may engage with virtual asset entities: central bank

There have been more comments from foreign firms on the difficulties of opening a bank account.

Mox Bank hit HK$170m operating income in 2022

The bank remains dedicated to reaching break-even in 2024, CEO Barbaros Uygun said.

Hong Kong’s livi bank records HK$17m operating income

Its loan balance has surpassed HK$1.3b as of end 2022.

Hong Kong’s residential mortgage loans in red decreases to HK$34.4b

The total cases is at 6,376 by end-March, lower than the over 12,000 cases in 2022.

Private flat supply to hit 107,000 in 3-4 years

The latest projection is 2,000 more than the previous estimate.

Bank of East Asia extends Saturday hours of three select branches

The branches can provide personal account opening and general enquiry services.

Embrace ChatGPT don’t fear it!

Dr Michael Tobin who recently visited Hong Kong, gives his opinion on Chat GPT, the artificial intelligence (AI) tool that is causing quite a stir across the academic world globally.

Hong Kong Airlines clinches investment fund for restructuring

The restructuring will help the airline expedite its business recovery.

HKEX income went up 28% YoY in Q1

The profit attributable to shareholders grew to $3.4m in the first quarter of 2023.

Singaporean WealthTech firm Endowus sets foot in HK

This will be Hong Kong's first fee-only digital wealth management platform.

Exports value dips by 1.5% YoY to $367.2b in March

The pace of decline, however, has moderated.

Unemployment rate drops to 3.1% 

There were 115,100 unemployed from January to March.

HKPC organised 700 FutureSkills training courses with 30,000 students

It also arranged 68 in-house training sessions for employees.

Unemployment rate down to 3.1% in March

The underemployment rate also dipped by 0.1 percentage points to 1.2%.