Signal No 1 Issued As Storm Approaches
"); jQuery("#212 h3").html("

"); });
2020-10-11 HKT 21:15
The observatory issued the Standby Signal No 1 on Sunday evening as a tropical depression came closer to the city on its way towards Hainan.
Despite the warning, meteorologists said winds would not strengthen significantly until later on Monday.
They said a higher warning signal was unlikely before midday on Monday, but the Signal No 3 could be issued in the afternoon or evening.
At 5 am on Monday, the tropical depression was over central to northern parts of the South China Sea, about 630 km south-southeast of Hong Kong.
The observatory said the storm was forecast to intensify gradually as it moved at about 18 kilometres per hour in the general direction of Hainan.
Last updated: 2020-10-12 HKT 05:20
China To Inject US$44 Billion Into State Banks To Boost Tech And Curb Risks
China said it will inject 300 billion yuan (US$44 billion) into state-owned banks this year to guard against systemic r... Read more
Hong Kong Regulators Expand GenAI Sandbox To Insurance, Securities And MPF Sectors
The Hong Kong Monetary Authority (HKMA), Securities and Futures Commission (SFC), Insurance Authority (IA), and Mandato... Read more
South Korea To Cap Crypto Exchange Ownership At 20%
South Korean regulators and lawmakers have agreed to cap major shareholder stakes in cryptocurrency exchanges at 20%, d... Read more
DBS Hong Kong Partners With Know Your Customer To Automate SME Onboarding
Know Your Customer Limited, a provider of automated business verification solutions, has partnered with DBS Hong Kong t... Read more
Hong Kong Banks Extend Loan Repayment Relief For Tai Po Fire Victims
The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) have met to discuss additional su... Read more
Hong Kong And Macao Deepen Financial Cooperation With Updated Agreement
The Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Macao (AMCM) held a meeting on March 3 to strengt... Read more
