Tag: hong kong

The five-year multi-currency loan includes KPIs to track sustainable tenant engagement and renewable energy generation.

Several banks are exploring token transfers between systems and tackling interoperability concerns, including through Project Ensemble which is entering a new phase in 2026.

Brazil’s Banco Inter and Chainlink have completed a blockchain-based cross-border settlement pilot that many in trade finance have discussed for years.

The storm has left at least 17 dead in Taiwan and 10 dead in the Philippines. As the storm reaches Vietnam, a clear up operation has begun, including in Hong Kong, Guangdong province and Macau.

The strongest storm of the year is causing widespread disruption to businesses, tourists and residents in Hong Kong, Macau, the Philippines, Taiwan, mainland China and Vietnam. Cathay Pacific is cancelling flights from Hong Kong airport from 6pm, September 23 to 6am, September 25.

The SAR's chief executive John Lee wants Hong Kong as a base for mainland Chinese firms looking to go global as his government ramps up investment in AI, the Northern Metropolis and rolls out help for firms looking to do business with Saudi Arabia.

Private sector firms raised their headcounts for the first time in three months, however shipping delays have seen suppliers' delivery times lengthened.

Surveys show Hong Kong's SMEs facing rising costs, late payments, a tight credit stance from banks, and tariffs, despite an overall economic recovery in the SAR; bad weather has also been an issue this summer.

Firms with parent companies overseas in 2024 grew 10% in the city while almost 500,000 have applied to come under talent schemes; in addition, tourism has increased 12% to 24 million in the first six months of this year as the government releases a new business report.

69% of finance leaders surveyed in the SAR are exploring AI applications to transform and enhance treasury operations.

Payment Connect, which currently involves 12 financial institutions, links Hong Kong's FPS with China's IBPS, and went live on June 22.

The Hong Kong government is supporting exporters with insurance and cash flow needs, with Donald Trump now, temporarily, exempting electronics from tariffs imposed on China and Hong Kong.