Hong Kong's economy and property market are bracing for further increases as the U.S. central bank normalises policy. The HKMA, which plays the role of a central bank in Hong Kong, raised its referenc... ( read original story ...)
Hong Kong shares slip as banks including HSBC raises prime lending rates
The move by HSBC, which was swiftly followed by Standard Chartered and Hang Seng Bank, took its cue from the US Federal Reserve and the Hong Kong Monetary Authority. HSBC, the biggest lender in the ci... ( read original story ...)
CareVoice, China’s TripAdvisor-style health insurance start-up, launches in Hong Kong as it eyes Asian expansion
A start-up that was the first to allow people in China to review and rate hospitals, clinics and doctors – a medical equivalent of TripAdvisor – launched its services in Hong Kong on Thursday. Shangha... ( read original story ...)
Hang Seng closes down 101 points
Stocks in Hong Kong slid Thursday after the city's de facto central bank raised the base rate by a quarter point. Chinese equities also closed lower. The benchmark Hang Seng Index declined 0.36 percen... ( read original story ...)
Cross-border buses start trial runs on Hong Kong-Zhuhai-Macao Bridge
Cross-border buses operated by Hong Kong companies on Friday started trial runs on the Hong Kong-Zhuhai-Macao Bridge (HZMB) in preparation for the bridge's upcoming opening. The trial runs, jointly ar... ( read original story ...)
Hong Kong government should fully subsidise costs for employers under plan to extend maternity leave, business and union representatives say
The Hong Kong government should bear all extra costs for employers – which could be more than HK$1 billion yearly – under a proposal to increase maternity leave for workers by four weeks, two high-pro... ( read original story ...)
The 10th HKIB Banking Conference Concludes in Hong Kong
This year's theme focuses on how banks can embrace the digital age to enhance customer satisfaction in a smart society HONG KONG, Sept. 28, 2018 /PRNewswire/ -- The Hong Kong Institute of Bankers ... ( read original story ...)
HK banks raise prime rates for first time in 12 years
The Federal Reserve on Wednesday (Thursday in Hong Kong) lifted the benchmark overnight lending rate by a quarter of a percentage point to a range of 2.00 percent to 2.25 percent, its third rate incre... ( read original story ...)
Hong Kong: Bank Rate Hikes Heap Stress On Borrowers
With some Hong Kong banks increasing their benchmark lending rates, mortgage repayments could become increasingly difficult, affecting demand for properties and other asset markets, too. Hong Kong's i... ( read original story ...)
HSBC to raise best lending rate
Also with effect on the same day, HSBC will raise its Savings Rate for Hon... File photo shows the HSBC Building in Central, Hong Kong. (Sing Tao photo) The Hongkong and Shanghai Banking Corporation b... ( read original story ...)
Hong Kong queue of IPO hopefuls faces market reckoning
HONG KONG (Reuters) - The number of companies filing to go public in Hong Kong has jumped almost threefold this year, driven in part by China’s burgeoning technology sector, but they will have ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) stocks recover their poise after Fed jolt
South Korea’s Kospi, which reopened after a national holiday, added 0.7 percent to 2,355.43. Hong Kong’s Hang Seng index slipped 0.4 percent to 27,715.67. The Shanghai Composite Index lost 0.5 percent ... ( read original story ...)
HK-funded startups accelerator set up in Shenzhen
A Hong Kong-funded accelerator was established in Shenzhen on Thursday, with the aim of helping Hong Kong startups develop on the Chinese mainland. ParticleX, as the accelerator is known, is funded by ... ( read original story ...)
HK banking enters new era
Our banking sector, I'm pleased to note, is indeed more than ready for the arrival of this new era, a new era marked by the unstoppable wave of innovation and technology. Our banking sector is respond... ( read original story ...)