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Financial Services and the Treasury Bureau (FSTB)

Financial Services and the Treasury Bureau (FSTB)
The latest news and top stories on Financial Services and the Treasury Bureau. A prominent Hong Kong based governmental body, the Financial Services and the Treasury Bureau (FSTB) is dedicated to developing and executing government policy on finance and treasury for the Hong Kong Special Administrative Region. Its main areas of focus include maintaining Hong Kong’s status as a major international financial centre, upholding fiscal prudence and ensuring financial system stability. The FSTB is recognised for its crucial role in overseeing financial services, combating money laundering and promoting Fintech development, operating from its headquarters in Tamar, Hong Kong.
Hong Kong is also pursuing more double-taxation agreements with major trading partners to prevent overseas companies using Hong Kong as a treasury base from being taxed twice. Photo: Karma Lo
Banking & finance

Hong Kong rolls out incentives to boost role as a corporate treasury hub

Plan expands tax concessions and introduces pre-approval mechanism to lure multinationals to manage capital and risk in the city.

Banking & finance

Hong Kong taps group of experts to help rewrite rules for tokenised bonds

Cryptocurrency

Hong Kong finalises crypto regulatory framework to lock in global hub ambitions

Foreign domestic workers in Hong Kong

Will Hong Kong’s lending clampdown wean helpers off debt – and save their dreams?

NGOs say regulations should not be so strict that they deny domestic helpers access to loans since they may have legitimate needs such as family emergencies.

Illustration: Victor Sanjinez
Banking & finance

Middle East banks eye Hong Kong as ‘safe haven’ amid Iran threats: InvestHK head

Investment-promotion agency is helping a couple of Middle East banks set up in the city and fielding more inquiries since the war started.

Hong Kong society

Hong Kong to tighten moneylending rules to tackle debt collector harassment

Authorities will impose measures such as stricter borrowing caps and ban loan referees in August.

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Hong Kong economy

Hong Kong, Singapore square off in race to become world’s gold trading hub

Access to mainland’s robust market gives Hong Kong the edge over Southeast Asian rival, experts say.

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Experts say Hong Kong has edged ahead of Singapore in its ambition to be the world’s gold trading hub. Photo: Karma Lo
Hong Kong economy

Editorial | Hong Kong’s future as a financial centre looks golden

Tangible progress, including a gold trading deal with Shanghai, on display at the Asian Financial Forum shows the city is far from losing its edge.

Hong Kong society

Hong Kong set to unveil bottled water probe results, take disciplinary action

Financial Services and Treasury Bureau says review of government’s procurement system and related disciplinary investigation is concluded.

Banking & finance

Hong Kong signs tax treaty with Norway, marking fourth such agreement this year

Treasury chief Christopher Hui said the government plans to begin CDTA negotiations with Slovenia and Oman early next year.

Hong Kong Secretary for Financial Services and the Treasury Christopher Hui (left), exchanges documents with Norway’s Ambassador to China, Vebjørn Dysvik, in Beijing on Tuesday. Photo: Handout
Banking & finance

PetroChina unit first to reincorporate in Hong Kong under re-domiciliation law

Redomiciling to Hong Kong will help streamline its corporate structure and enhance operational efficiency, PetroChina Investment unit says.

PetroChina’s petrol station is seen in Beijing. A Hong Kong unit of the company has sucessfully redomiciled in Hong Kong. Photo: Reuters
Fintech

Hong Kong FinTech Week expects investment ‘action’, InvestHK says

The November event, held jointly with the StartmeupHK festival, is expected to attract more than 37,000 attendees and 700 exhibitors.

Family offices

Hong Kong shapes policies to widen appeal to family offices, treasury chief says

Last month, the government achieved its previous target of facilitating 200 family offices to establish a presence in the city.

Hong Kong healthcare and hospitals

Hong Kong studying financial proposals for city’s third medical school: minister

Secretary for Health Lo Chung-mau also says authorities have already assessed curriculum and recruitment plans by the three universities.

The Ngau Tam Mei site in Yuen Long will be developed for the new medical school. Photo: May Tse
HKEX

HKEX reforms have made city world’s top fundraising hub for EV makers: official

The market cap of new energy and EV companies in Hong Kong has grown sixfold in 10 years to US$806 billion, Salina Yan says.

Fundraising for mainland-based green and renewable energy start-ups was relaxed under the exchange’s Chapter 18C listing rules in March 2023. Photo: Edmond So
Hong Kong Monetary Authority (HKMA)

Hong Kong reduces Silver Bond coupon ahead of expected rate cut

Up to HK$50 billion (US$6.4 billion) of Silver Bonds will go on sale next month with a guaranteed annual coupon of 3.85 per cent, down from 4 per cent last September.

Hong Kong politics

No separate inquiry needed to probe Hong Kong water scandal, treasury chief says

Christopher Hui defends adequacy of Audit Commission to conduct investigation, and recommends use of technology to improve vetting of tenders.

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Banking & finance

Vanuatu looks to Hong Kong to support digital finance, economic plans

‘We have the digital transformation vision and I have got to look at places with experience like Hong Kong,’ Deputy PM Rasou says.

Deputy Prime Minister Johnny Koanapo Rasou says Vanuatu is ready to embrace more foreign investors. Photo: Edmond So
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