Asian stocks rose on Friday after U.S. regulators eased bank rules that will free up billions of capital. The news helped offset worries about a continued surge in coronavirus cases in the United ... ( read original story ...)
Hong Kong business sector applauds national security law
Hong Kong business leaders on Wednesday hailed a draft law on safeguarding national security in the special administrative region, saying it is a timely antidote to the city's constant chaos that has ... ( read original story ...)
Hong Kong and Shanghai locked in tight race to be 2020’s top IPO venue for Chinese issurers
US-listed Chinese companies’ secondary listings may not be enough to secure Hong Kong’s lead as global IPO hub amid keen competition from Shanghai. ( read original story ...)
Hong Kong shares fall on U.S. sanctions threat, pandemic worries
Hong Kong shares slid on Friday after the U.S. Senate passed a bill to sanction people and companies it considers helping China to restrict the territory’s autonomy, with fresh global outbreaks of ... ( read original story ...)
Asian stocks follow Wall Street higher on bank news
Asian stock markets have followed Wall Street higher after U.S. regulators removed some limits on the ability of banks to make investments ... ( read original story ...)
Dow logs a 300-point gain as banks rally ahead of stress-test results, but rise in coronavirus cases remains a worry
U.S. stocks closed solidly higher Thursday, recovering a chunk of Wednesday’s ugly loss, ahead of a key update of the banking sector from the Federal Reserve. ( read original story ...)
Central bank yuan bill issuance in HK oversubscribed by overseas investors
China's central bank on Tuesday issued 10 billion yuan ($1.41 billion) of bills in Hong Kong with a coupon of 2.21 percent. The issuance was widely welcomed by overseas investors, with banks, central ... ( read original story ...)
Hong Kong real estate fund stumbles as trade war, coronavirus tip Shanghai commercial property into bear market
Even seasoned bankers and real estate investors, honed by past financial markets and health crises, are no match for the calamity brought by the US-China trade war and the coronavirus pandemic. ( read original story ...)
Hong Kong banks in April recorded strongest surge in deposits in six months, as hot money chased new listings, investment opportunities in city
Hong Kong’s total bank deposits jumped 0.8 per cent in April, their most significant growth in six months, as hot money flowed into the city’s economy to capture new listings and other ... ( read original story ...)
Jetco’s approach to advancing open banking in Hong Kong
As one of the leading financial hubs in the world, Hong Kong is moving at pace to embrace the concept of open banking. Despite COVID-19 derailing momentum—triggered by rising business continuity ... ( read original story ...)
Credit Suisse sees Hong Kong stocks, Asian credit among top bargains this year
Asian credit and Hong Kong stocks are among the best buys for investors this year, and the region is set to benefit from a falling U.S. dollar, Credit Suisse said on Tuesday. ( read original story ...)
HSBC, StanChart Defy U.K. to Endorse Hong Kong Security Law
While not as exposed to Hong Kong as HSBC, the territory is nevertheless Standard Chartered’s biggest market. StanChart Profits Of the $2.4 billion in underlying pretax profits made by the bank ... ( read original story ...)
Hong Kong Activist Believes He’s Main Target of Proposed National Security Law
Hong Kong pro-democracy activist Joshua Wong said he is anticipating being the prime target of a controversial proposed national security law that could be voted on within a few days. Wong and critics ... ( read original story ...)
Senate backs bill to punish China over Hong Kong
The "Hong Kong Autonomy Act" passed by unanimous consent. To become law, it must also pass the House of Representatives and be signed by President Donald Trump. ( read original story ...)