20 h. ago Hong Kong developers push for smoking ban at construction sites after deadly fire

Major Hong Kong developers are considering a blanket ban on smoking for workers at all construction sites following the deadly Tai Po blaze that killed 159, with at least two already demanding that all their contractors impose the tough rule or step up penalties. The Real Estate Developers Association (REDA) told the Post on Friday that it was gathering views on the smoking ban from its members, including major developers such as Sino Land, Swire Properties, Sun Hung Kai and New World...

Events

50 h. ago Deloitte say Hong Kong primed as treasury hub for China’s go

Deloitte say Hong Kong primed as treasury hub for China’s go-global push  South China Morning Post

Politics

63 h. ago Rivals push insurance reforms, easier fire claims in Hong Kong poll race

Hong Kong’s insurers should make it easier for residents affected by the deadly Tai Po fire to file claims and consider incorporating fire safety inspection results into underwriting, according to sector representatives contesting a seat in the legislature. Insurance sector hopefuls Chan Pui-leung and Simon Lam Yat-tung made the appeals on Wednesday during a government-led forum, the first held since last week’s blaze at Wang Fuk Court in Tai Po, which claimed at least 159 lives. Chan, the...

Events

63 h. ago Rivals push insurance reforms, easier fire claims in Hong Kong election race

Hong Kong’s insurers should make it easier for residents affected by the deadly Tai Po fire to file claims and consider incorporating fire safety inspection results into underwriting, according to sector representatives contesting a seat in the legislature. Insurance sector hopefuls Chan Pui-leung and Simon Lam Yat-tung made the appeals on Wednesday during a government-led forum, the first held since last week’s blaze at Wang Fuk Court in Tai Po, which claimed at least 159 lives. Chan, the...

Politics

1 week ago Hong Kong pushes local currency use to shield Asia from global uncertainties

Hong Kong is ramping up efforts to expand the use of local currencies across the Asia-Pacific region, including developing a local currency debt market, as part of a push to hedge against rising geopolitical risks, according to Hong Kong Monetary Authority (HKMA) CEO Eddie Yue Wai-man. Speaking at the fourth edition of the Asean+3 Economic Cooperation and Financial Stability Forum in Hong Kong on Tuesday, Yue underlined the need to strengthen regional financial ties as Hong Kong and its...

Politics

1 week ago Hong Kong’s tokenisation drive set to boost treasury centres, investments

Hong Kong’s push to establish a tokenised financial system is poised to attract more companies to set up treasury centres in the city, which would give investors broader options while reducing transaction costs, according to market players. Both corporations and individuals stood to benefit from increased tokenisation of money and assets, which could make financial services faster and more efficient and accessible, said representatives from Standard Chartered, China Asset Management (Hong Kong)...

Politics

2 w. ago Hong Kong’s push for yuan usage to serve as ‘catalyst’ for corporate adoption

Hong Kong’s push for yuan globalisation is a powerful catalyst that will prompt more companies to use the currency for invoicing and bill settlement with mainland Chinese partners and fuel demand for renminbi treasury products, according to industry leaders. Some of the city’s finance sector experts also hailed a series of recent government moves, such as taking the lead in settling mainland bills in yuan and issuing more renminbi bonds, as a “milestone” and the “biggest steps” in recent...

Politics