Shares of Hong Kong developers dropped after the city followed the Federal Reserve with an interest rate increase, fueling concerns that higher borrowing costs may derail a nascent housing market ...
Here’s why Hong Kong’s Hang Seng Index is tumbling today (Sep. 17)
The Hang Seng Index slipped further into a correction, reaching its lowest level since July this year, as investors reacted to the latest Federal Reserve interest rate decision. It slipped to 24,468 ...
HSBC scraps $38,000 school subsidy for some Hong Kong bankers
HSBC is ending its $38,000 school subsidy for new hires in Hong Kong, phasing out a longstanding perk that the UK bank had used to attract senior staff to the Asian financial hub.
HSBC Cuts Back $38,000-Per-Kid School Perk for Some Hong Kong Bankers
HSBC Holdings Plc ended a long-standing education benefit for new joiners in Hong Kong and for employees transferring to the city, cutting back one of the city’s most lucrative banking perks as Chief ...
Hang Seng Index Today, September 16: Hang Seng Falls 1.2% After Fed Rate Hike – Why Are Hong Kong Stocks Under Pressure? Check Tencent, HSBC And Xiaomi
Hong Kong stocks came under pressure after the US Federal Reserve raised interest rates and signalled the possibility of another hike later this year. The Hang Seng Index declined, with several major ...
HSBC cuts back $48,000-per-kid school perk for some Hong Kong bankers
Hundreds of employees have drawn on the perk which costs tens of millions of dollars annually. Read more at straitstimes.com.
Hong Kong Monetary Authority raises rates for first time since July 2023
HONG KONG, Sept 17 (Reuters) - The Hong Kong Monetary Authority raised its base interest rate charged via the overnight discount window by 25 basis points to 4.25% on Thursday, tracking a hike by the U.
Hong Kong leader pledges building maintenance reforms after fatal Tai Po fire
Government will conduct a legal study on criminalising bid-rigging in major building maintenance works and submit a proposal to the Legislative Council this year Hong Kong's leader has pledged to overhaul the city's building maintenance regime and improve emergency response as part of the government's response to last year's fatal Tai Po fire,
Hong Kong adopts its first Beijing-style five-year plan
Hong Kong Chief Executive John Lee presented the special administrative region's first five-year plan modelled on Beijing's economic approach during his annual policy address on Wednesday. The plan
Hong Kong follows US Fed with first rate hike in over three years
Hong Kong raises interest rates for the first time since 2023, impacting property recovery and borrowing costs amid a cautious economic outlook. Read more at straitstimes.com.
Hong Kong to target breakthroughs in core tech
Hong Kong will step up efforts to develop into an international innovation and technology center, targeting breakthroughs in core technologies such as artificial intelligence and life sciences, with ...
Hong Kong property tycoon Mico Chung cashes out of US$13.4 million home on The Peak
A company linked to CSI Properties chairman and founder Mico Chung and his wife has sold a luxury house on The Peak for HK$105 million (US$13.4 million), according to official records. Aqua Sole ...
14 key takeaways from John Lee’s policy address, Hong Kong’s first 5-year plan
Chief executive lays out how the five-year plan will align the city more closely with the national development blueprint.
HKTDC Backs New Blueprint for Hong Kong’s Next Chapter
The Hong Kong Trade Development Council (HKTDC) welcomes the new Policy Address and the First Five-Year Plan for Economic and Social Development of the HKSAR (2026-2030), delivered today by John Lee, ...