Hong Kong’s most active exchange-traded fund (ETF), the Tracker Fund of Hong Kong (TraHK), has reversed a decision to stop buying shares in Chinese firms sanctioned by the US after some called for the fund’s manager, State Street Global Advisors Asia, to be replaced. In an exchange filing on Wednesday, …

Hong Kong's new online banks are planning to move into business lending and wealth management, in search of more lucrative activities beyond savings accounts, senior executives said. Eight online banks were launched this year and, as of November, had taken more than $1 billion in deposits and attracted nearly 300,000 …

(ATF) In Hong Kong, the transition from face-to-face to contactless interactions has been swift and widespread as a result of the Covid-19 pandemic. The so-called “new normal” economic activities such as online shopping, digital payments, and remote working have accelerated as consumers and businesses adapt to the new environment. As …

HONG KONG: Retail sales plunged 13.1% in August from a year earlier as coronavirus restrictions slammed the brakes on spending in the southern Chinese city and tourism slowed to a trickle Sales dropped to HK$25.6 billion ($3.30bn), government data showed on Wednesday, falling for the 18th straight month but at …

HONG KONG: Hong Kong's banking regulator said the financial hub was committed to meeting international standards on anti-money laundering, after media reports that some leading banks had moved large sums of allegedly illicit funds over nearly two decades despite red flags about the money's origin. BuzzFeed and other media articles …

At the Koon Chun Sauce Factory workers are scrambling to cover hundreds of thousands of bottles with new "Made in China" labels as the popular Hong Kong brand falls victim to spiralling diplomatic tensions. Founded nearly a century ago, the family-owned factory has survived a world war, multiple economic crises …

Financial firms in Hong Kong are scrambling to fortify their compliance operations following US sanctions and China's new national security law, even as the sector pushes to cut costs amid the coronavirus pandemic. This underscores the growing challenges for firms operating in the Asian financial hub, which was roiled last …