Hong Kong

Hong Kong, officially the Hong Kong Special Administrative Region of the People's Republic of China, is a city and special administrative region of China in the eastern Pearl River Delta by the South China Sea.

Source: en.wikipedia.org

Hong Kong Approves $17.7B Coronavirus Relief Package 
Hong Kong Approves $17.7B Coronavirus Relief Package 
April 08, 2020  |  Coronavirus

Hong Kong has approved a $17.7 billion relief package to help households and businesses financially crippled by the coronavirus pandemic. Carrie Lam, Hong Kong’s chief...

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Retail Sales Crater In Hong Kong With Social Distancing, Travel Limitations
Retail Sales Crater In Hong Kong With Social Distancing, Travel Limitations
March 31, 2020  |  Retail

As retail sales fell with increasing social-distancing policies and travel limitations , companies and retail stores in Hong Kong snapped under the COVID-19 outbreak last...

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First Online-Only Bank Opens In Hong Kong
First Online-Only Bank Opens In Hong Kong
March 24, 2020  |  Digital Banking

The first online bank in Hong Kong, ZA Bank, opened on Tuesday (March 24), according to reports. The bank is a unit of China’s ZhongAn Online...

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Contour Emerges As Latest Blockchain Trade Finance Tool
Contour Emerges As Latest Blockchain Trade Finance Tool
March 09, 2020  |  B2B Payments

Eight banks — including HSBC and Standard Chartered — are ready to launch the Contour blockchain trade finance platform in Hong Kong, reports indicated on...

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Alibaba Investors In China Barred From Buying Its Stock In Hong Kong
Alibaba Investors In China Barred From Buying Its Stock In Hong Kong
February 12, 2020  |  Investments

Alibaba may be blocked from a new program in China that would allow investors in Hong Kong to buy its stocks. The program is intended...

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StanChart, HBSC Offer Loan Relief As Coronavirus Keeps Cos Away From MWC
StanChart, HBSC Offer Loan Relief As Coronavirus Keeps Cos Away From MWC
February 12, 2020  |  International

The Mobile World Congress (MWC) in Barcelona is in trouble, as three more companies have dropped out over coronavirus fears, according to Reuters. On Tuesday...

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Luxury Brands Vacate Hong Kong Leases
Luxury Brands Vacate Hong Kong Leases
January 21, 2020  |  Retail

As the retail luster of Hong Kong dissipates, luxury fashion retail brands LVMH and Prada are dropping their leases. At the same time, prime retail...

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Hong Kong’s First Neobank Lures Consumers With High Deposit Rates
Hong Kong’s First Neobank Lures Consumers With High Deposit Rates
January 13, 2020  |  Digital Banking

The first in a new line-up of 10 digital-only banks in Hong Kong has sweetened its consumer appeal with a 6 percent introductory rate for...

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Retail Sales Plunge In Hong Kong
Retail Sales Plunge In Hong Kong
January 03, 2020  |  Retail

With visitor arrivals to Hong Kong dramatically falling, the financial center’s retail sales registered a double-digit drop in November. Retail sales by value retreated 23.6...

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