The working group will do roadshows and update industry players on new policies and regulatory measures in Hong Kong, association says The Hong Kong Association of Banks (HKAB) plans to form a working group this quarter to draw up measures to attract more emerging-market customers to the financial hub and support the city's role as an offshore yuan centre.

A rate divergence between the US and China erodes the city’s lure as a cheap place for companies to raise funds. It’s time to move on.

Consumer price index delivers ‘a pleasant surprise’ and suggests ‘gentle easing of persistent inflationary pressures’, investor says.

Hong Kong will launch a new yuan-denominated trade finance scheme and expand the hours and scope of its Bond Connect program for mainland China investors, Eddie Yue, Chief Executive of the Hong Kong Monetary Authority said on Monday.

Massachusetts Senator Peter Durant wants the state to establish a strategic Bitcoin reserve amid global clamor for the coin.

HONG KONG (AP) — Asian stocks were mixed Wednesday followed Wall Street’s mostly positive performance ahead of key U.S. inflation data that could influence the pace of market-boosting rate cuts by the Federal Reserve. U.S. futures and oil prices were little changed. Tokyo’s Nikkei 225 index edged 0.1% higher to 38,505.54.

Asian markets are mostly lower after shares slumped on Wall Street despite better-than-expected reports on the U.S. jobs market and business activity

The Hang Seng in Hong Kong added 0.2% to 19,264.46 after ... The fear is that all the strong data will convince the Federal Reserve to deliver less relief this year through lower interest rates.

The central bank's pledge to increase reserve holdings of the Hong Kong dollar shows a commitment to the city's financial hub status China's central bank chief Pan Gongsheng promised to park more of the country's US$3.

Asian shares are higher ahead of the inauguration of U.S. President-elect Donald Trump, while bitcoin surged to a record high. The price of bitcoin surged as high as $109,134 early Monday. Hong Kong's benchmark initially jumped more than 2% after China's central bank kept its key lending rates unchanged.

SINGAPORE stocks closed slightly lower on Monday (Jan 20) ahead of Donald Trump’s presidential inauguration in the US, even as most markets in the region ended higher. Read more at The Business Times.

Asian markets extended a global rally Thursday after below-forecast US inflation provided a much-needed shot of relief to investors and revived hopes for interest rate cuts this year. The inflation figures tempered worries that the Federal Reserve might not cut rates this year -- or possibly even hike them -- following a blockbuster jobs report on Friday.