7 h. ago China Gathers Foreign Firms in Bid to Reassure on Rare Earths

China Gathers Foreign Firms in Bid to Reassure on Rare Earths  Yahoo Finance

Politics

3 d. ago Fintech can supercharge Hong Kong as financial hub: Broadridge CEO

Embracing technology platforms for applications such as electronic proxy voting, private debt underwriting and trading of repurchase (repo) agreements can help Hong Kong elevate its standing as Asia’s top financial hub, according to a leading US fintech firm. Technologies that simplified investor engagement had been a catalyst for growth in other markets, said Tim Gokey, CEO of New York-listed Broadridge Financial Solutions, adding that fintech could enhance corporate governance and product...

Economics

5 d. ago Potentially ‘Catastrophic’ Cyber Firm Breach Blamed on China

Potentially ‘Catastrophic’ Cyber Firm Breach Blamed on China  Yahoo Finance

Politics

6 d. ago Hong Kong picks second batch of banks, tech firms to test AI in finance

The Hong Kong Monetary Authority (HKMA) has picked the second batch of use cases for testing of generative artificial intelligence (GenAI), as it looks to further promote responsible technological innovation in the financial-services sector. A total of 20 banks and 14 technology partners would participate in the GenAI sandbox initiative, a project jointly conducted by the HKMA and Hong Kong Cyberport Management, according to a statement by the city’s de facto central bank. “The second cohort...

Economics

7 d. ago Chinese robotaxi firms Pony.ai, WeRide on road to Hong Kong IPOs

Pony.ai and WeRide, two leading robotaxi operators in mainland China, have taken their first steps towards share offerings on the Hong Kong stock exchange by filing fundraising plans with the securities regulator. They will join a clutch of mainland companies seeking to tap global investors’ growing interest in China’s electric vehicle (EV) industry as the key players accelerate their global expansion plans. According to documents published by the China Securities Regulatory Commission on...

Economics

9 d. ago Mainland Chinese financial firms seeking strategic Hong Kong base on the rise: Citigroup

A growing number of mainland Chinese financial institutions and international companies have shown interest in establishing regional headquarters in Hong Kong to tap into increasing business opportunities across the region, according to the head of Citigroup’s local unit. Aveline San Pau-len, Citi Hong Kong CEO and head of banking, said many mainland banks and international financial institutions would like Citigroup to help set up their headquarters in the city to serve clients who wanted to...

Economics

2 w. ago Spirit of Hong Kong Awards: creativity, courage on show as 27 finalists picked

Twenty-seven individuals and organisations have been shortlisted for this year’s Spirit of Hong Kong Awards, including innovators who turn waste into resources and start-ups that make food systems greener. Established in 2013, the annual awards recognise the efforts of Hong Kong’s unsung heroes who contribute to the community or inspire others with stories of how they overcome personal challenges. “Hong Kong’s young people aren’t just the leaders of tomorrow. They’re already stepping up for Hong...

Events

3 w. ago Why this Hong Kong financial rebound is built on firmer ground

Hong Kong’s markets hit their lowest point in more than a decade in 2022, squeezed by rising friction between Washington and Beijing. With the US Federal Reserve tightening monetary policy aggressively, Asian markets were starved of liquidity. Hong Kong’s benchmark fell below 16,000 points in 2022, one of the steepest drops among global indices. Three years later, the story has flipped. The Hang Seng Index has surged about 30 per cent so far in 2025, marking the stock market’s strongest...

Economics

3 w. ago Hong Kong picks 3 departments to trial use of AI to raise government efficiency

The Hong Kong government has picked three key departments to trial the use of artificial intelligence (AI) to improve efficiency without incurring additional cost, the innovation chief has said, urging the public not to equate the use of the technology with job cuts. Secretary for Innovation, Technology and Industry Sun Dong made the announcement on Saturday as he revealed that the Companies Registry, Transport Department and Buildings Department would be the three pilot departments tasked with...

Politics

3 w. ago Hong Kong picks 3 departments to test if AI can boost government efficiency

The Hong Kong government has picked three key departments to trial the use of artificial intelligence to improve efficiency without incurring additional cost, the innovation chief has said, urging the public not to equate the use of the technology with job cuts. Secretary for Innovation, Technology and Industry Sun Dong made the announcement on Saturday as he revealed that the Companies Registry, the Transport Department and the Buildings Department would be the three departments tasked with...

Politics

4 w. ago Hong Kong’s office market picks up amid IPO boom, demand from Chinese law firms

Hong Kong’s office segment is picking up due to leasing demand from mainland Chinese law firms and financial groups, supported by a buoyant stock market that has seen an increasing number of companies launch initial public offerings (IPOs) in the city. Office-leasing activity in August grew for a fifth straight month, with tenants absorbing 313,800 sq ft of net space, according to data compiled by JLL. The overall vacancy rate in the city increased 0.1 per cent to 13.5 per cent month on month in...

Economics