Swapan Dasgupta said the government wants to hold a special session of the Assembly in the future to discuss the CAG reports
Capital markets firms, including mutual funds and brokerages, are expected to be able to use Central Know-Your-Customer 2.0 later this year
China’s securities watchdog has pledged to channel more medium- and long-term capital into the country’s stock markets and fortify financial defences against external shocks, as authorities move aggressively to stabilise sentiment following recent market turbulence. At a meeting on Thursday, the China Securities Regulatory Commission announced a raft of measures aimed at maintaining smooth market operations and reinforcing the capital market’s resilience. The regulator said it would “more...
Chinese regulators moved on Tuesday to improve the quality of credit ratings for panda bonds – a yuan-denominated asset class that has seen a surge in interest from foreign sovereign and institutional investors this year as a key tool to bolster Beijing’s yuan-internationalisation push. Credit-rating agencies must adhere to the principles of independence, objectivity and prudence, according to a circular posted to the website of the National Association of Financial Market Institutional...
Conducted by a team from Finance Department, CEMS is a real-time analysis of programmes and schemes aimed at reporting the actual progress in implementation, in terms of physical and financial outcomes
The 57th GST Council is likely to be convened in a few weeks
Developed nations are cutting climate funding, but developing countries still need billions to adapt.
The Hong Kong Investment Corporation (HKIC) recorded a major jump in investment income during its second year of operation, as it expanded its role as the city’s “patient capital” engine driving local economic development. The wholly state-owned investment firm generated about HK$6.46 billion (US$824 million) in investment income in 2025, a stunning 175 per cent year-on-year increase, according to its latest financial report released on Thursday. The fund achieved a net internal rate of return...
Hong Kong needs to diversify the source of its listed companies and investors if it is to reclaim its recently lost crown as the world’s top initial public offering (IPO) venue, according to a government think tank. “Hong Kong should continue to find ways to diversify both its listing issuers as well as potential future investors,” said Benjamin Hung Pi-cheng, chairman of the Financial Services Development Council (FSDC), at a media briefing on Wednesday. “That form of diversification enhances...
The London Clearing House (LCH) has begun accepting offshore yuan-denominated Chinese government bonds as eligible non-cash collateral, marking a structural milestone in Beijing’s decade-long push to internationalise its currency and integrate its debt into global financial pipelines. The decision by LCH – a major derivatives clearing house owned by the London Stock Exchange Group – allows investors to use offshore yuan sovereign bonds, or dim sum bonds, to meet margin requirements. The move...
Bitcoin is falling, yet cryptocurrency is spreading beyond investing into politics, sanctions and global finance.
When a tourist tried to pay for a burger in cash at a Tsim Sha Tsui restaurant in 2023, staff refused. The outlet accepted only cards and electronic wallets. The episode went viral, with debate raging over whether or not this is legal. After all, Hong Kong bank notes and coins constitute legal tender in Hong Kong under the Legal Tender Notes Issue Ordinance and the Coinage Ordinance, and the concept of legal tender is enshrined in the Basic Law (Article 111). What’s the use of having legal...
For decades, warnings of Hong Kong’s terminal decline have arrived in periodic waves. When Stephen Roach, the former chairman of Morgan Stanley Asia, ignited a firestorm with his February 2024 assertion that “Hong Kong is over”, he pointed to a toxic cocktail of domestic and external pressures. Roach, who doubled down on his “wake-up call” a year ago, argued that the city’s economic glory was being extinguished by a loss of political autonomy following 2020’s national security law, the spillover...
Kerala government has tasked the Finance department with preparing a table of topics on which scrutiny by the IFAs is necessary and those on which it is not necessary
Beijing has downplayed reports that the World Bank will phase out lending to China by 2031, with the Ministry of Finance noting that the nation’s advancing economy and changing development needs were shifting cooperation away from financing and towards knowledge sharing. “This is the natural result of changing domestic needs and the transformation of bilateral cooperation,” the ministry said in a statement on Wednesday, referring to the World Bank’s declining lending to China in recent...
A large number of mainland Chinese companies hoping to list shares on the Hong Kong stock exchange are anxiously waiting for a nod from the mainland securities regulator, with many now at risk of having their listing applications lapse. More than 430 companies were currently waiting in the initial public offering (IPO) pipeline, according to data from bourse operator Hong Kong Exchanges and Clearing (HKEX). More than 30, including mainland supermarket chain Qiandama and EVE Energy, a...
India has consistently been rated just one or two grades above ‘junk’ status, which is when institutions will stop lending money for fear of default