China shares slipped on Wednesday, weighed down by property stocks on a gloomy outlook for the sector, while Hong Kong stocks rose for a fourth session as hopes of a new round of U.S. fiscal stimulus ... ( read original story ...)
HSBC Hong Kong launches digital investment account opening service
HSBC Hong Kong has announced that its personal customers can now open an investment account 24/7 remotely without the requirement of visiting the bank’s branch. This especially holds significance in ... ( read original story ...)
Contrasting fortunes: China’s stock market recoups Covid-19 losses, while Hong Kong endures slump
“Hong Kong’s market pays great heed to profitability,” said HSBC Jintrust Fund Management in a report this week. “Earnings growth is prerequisite for a bull market. There’s no bull run before the ... ( read original story ...)
China CITIC Bank International and 3 Hong Kong Named Winners of the Red Hat APAC Innovation Awards 2020 for Hong Kong
Red Hat, Inc., the world’s leading provider of open source solutions, today announced the winners of the Red Hat APAC Innovation Awards 2020 for Hong Kong. China CITIC Bank International Limited and 3 ... ( read original story ...)
HKMA sells HK$2.33 bln in NY hours, currency hits strong end of band
The Hong Kong Monetary Authority sold HK$2.325 billion ($300 million) into the market in New York trading hours after the local currency hit the strong end of its trading band, according to data ... ( read original story ...)
Hong Kong government draws flak from all quarters for considering a pause on HK$2 ride scheme for the elderly
The Hong Kong government has drawn flak from across the political spectrum for considering putting the brakes on its plan to extend a HK$2 travel scheme for those aged between 60 and 64. Lawmakers ... ( read original story ...)
5 reasons you can’t miss Hong Kong Fintech Week 2020
The virtual Hong Kong Fintech Week 2020 will deliver a superior remote conference ... meaningful connections with thousands of potential buyers, clients, investors, startups, and regulators! ( read original story ...)
Hong Kong thieves make off with HK$1.5 million worth of mobile phones stolen from parked truck
Hong Kong police on Wednesday were poring over surveillance camera footage in an effort to track down thieves who stole HK$1.5 million (about US$194,000) worth of mobile phones from a truck in the car ... ( read original story ...)
Bangkok protests continue apace — is Thailand the next Hong Kong?
There are strong similarities between the Thai and Hong Kong protests, and not just with youth borrowing tactics from the city-state's protest movement. ( read original story ...)
HSBC Hong Kong unveils HSBC Smart Solution API platform
HSBC Hong Kong unveiled its business management API platform – HSBC Smart Solution – specially designed for SMEs in the region. ( read original story ...)
Hong Kong shares end higher on hopes for U.S. stimulus, strong Q3 earnings
Hong Kong shares ended higher for a fourth consecutive session on Wednesday, as hopes for a new round of U.S. fiscal stimulus and strong third quarter results due to China’s accelerated economic ... ( read original story ...)
Hong Kong’s Cathay Pacific Airways slashes jobs, kills Dragon
Hit by Hong Kong protests and coronavirus, Cathay plans to cut 5,900 jobs and end low-cost Cathay Dragon brand. ( read original story ...)
Cathay to Cut Over 5,000 Hong Kong Jobs; Close Dragon Brand
Hong Kong’s Cathay Pacific Airways Ltd. will slash more than 5,000 jobs and close a regional carrier, the latest airline to enact a sweeping restructuring as the virus’s resurgence in the U.S. and ... ( read original story ...)
Hong Kong dollar rates rise as Ant IPO anticipation tightens liquidity
H KD rates creep higher even as HKMA pours in cash. Two-week forwards hit highest since June. Fortcoming ANT Group IPO could drive liquidity squeeze -analysts. SINGAPORE, Oct 21 ( ... ( read original story ...)