T8 Signal Could Be Issued Within Next 2 Hours

"); jQuery("#212 h3").html("

"); });
2022-07-01 HKT 17:20
The Hong Kong Observatory said it will consider issuing the number eight gale or storm signal at or before 7:10pm on Friday as Severe Tropical Storm Chaba edged closer to the city.
It would be the first number eight signal in 2022.
At 5pm, Chaba was about 370 kilometres south-southwest of Hong Kong and was forecast to move northwest at about 16 kilometres an hour towards western Guangdong.
The Observatory said Chaba continued to track northwest in the past few hours and could intensify further. It's expected to be closest to the city on Friday evening and Saturday morning, skirting about 300 kilometres to the southwest.
South Korea Unveils Digital Asset Basic Act For Stablecoin Issuance
South Korea’s newly elected President Lee Jae-myung is pushing forward with plans to allow stablecoin issuance by loc... Read more
Octopus Taps Wonder As Its Omnichannel Payment Partner Across Hong Kong
Wonder, a payment and fintech platform, has announced its partnership as the purported first omnichannel payment facili... Read more
China And UAE Ink Deal To Boost Cross-Border Payment Cooperation
China’s Cross-Border Interbank Payment System (CIPS) and the Central Bank of the United Arab Emirates (CBUAE) have si... Read more
Hong Kong Approves Banking Amendment To Boost Data Sharing In 2025
The Government welcomed the Legislative Council’s June 4 passage of the Banking (Amendment) Bill 2025, aimed at impro... Read more
Citigroup Lays Off 3,500 In China As Part Of Global Overhaul
Citigroup is cutting 3,500 tech jobs in mainland China to streamline operations and cut costs. The Citigroup China layo... Read more
Hong Kong Expands Crypto Market With Derivative Trading For Investors
Hong Kong’s Securities and Futures Commission (SFC) will soon introduce virtual asset derivatives trading for profess... Read more