Hong Kong will continue to benefit from the ongoing development of the mainland and the shift in global economic gravity from West to East, Financial Secretary of China's Hong Kong Special ... ( read original story ...)
Hong Kong plans HK$101.6 bln budget deficit in 2021/22 fiscal year
Hong Kong expects a budgetdeficit of HK$101.6 billion ($13.10 billion) for the 2021/22fiscal year, Finance Secretary Paul Chan said on Wednesday. Pandemic relief measures, including cash handouts ... ( read original story ...)
Citibank Brings Hong Kong Digital Banking Platform Out Of Beta
Citibank announced it is launching Citi Plus, its Hong Kong project which it recently brought out of beta and touts as a way to get people into digital banking. ( read original story ...)
A Banking Breed Is Heading For Extinction
But there’s one particular breed of this type of lender that’s headed for extinction: the global retail bank. While some consumers will still fancy popping into their local bank, why would anyone need ... ( read original story ...)
Credit Suisse, UBS Move Bankers to Mainland China From Hong Kong
Credit Suisse Group AG and UBS Group AG are relocating a number of bankers to mainland China from Hong Kong to better compete for deals after the world’s fastest growing major economy relaxed curbs on ... ( read original story ...)
Standard Charter’s Virtual Bank Mox Update: Now Has 80,000 Customers & Over 1.5 Million Transactions Been Made With Mox Card
Mox, Standard Chartered virtual bang that is based in Hong Kong, announced on Monday its latest progress update. The virtual bank launched in September 2020 and as previously reported, it was created ... ( read original story ...)
Electoral reformers want Beijing ‘patriots’ to run Hong Kong
Beijing continues to tighten its control over Hong Kong as the Communist Party plans to overhaul the electoral system in the semi-autonomous territory. The electoral reforms, which are expected to ... ( read original story ...)
Hong Kong announces over $15 billion budget to lift economy out of recession
Financial Secretary Paul Chan announced measures that include a reduction in profits tax for businesses and consumption vouchers for individuals. ( read original story ...)
Hong Kong stock mixed as traders seek catalysts from Budget plans and Fed signals sustained policy support
Hong Kong markets are looking for catalysts as stock prices fluctuate before the city presents its annual Budget while the Federal Reserve takes a dovish stance on monetary support. ( read original story ...)
Hong Kong Stock Market Likely To Remain Rangebound
The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the seven-day winning streak in which it had surged more than 1,950 ... ( read original story ...)
Hong Kong Stock Exchange Looks for Next Act After Record Year
A year anticipated to be full of headwinds for Hong Kong’s stock exchange turned euphoric instead. The challenge is now to add to the momentum.Hong Kong Exchanges & Clearing Ltd. is estimated to ... ( read original story ...)
A demerger is HSBC’s only way to solve its Hong Kong problem
With 90% of its profits coming from Asia, the bank’s ultimate decision will surely be to follow Beijing’s lead ... ( read original story ...)
China uses patriotism test to sweep aside last outlet for Hong Kong democracy
Local-level officials face disqualification as Beijing reshapes the electoral system and requires candidates to swear allegiance to the Communist Party. ( read original story ...)
Chinese car maintenance startup Tuhu said to be mulling US IPO
Chinese car maintenance service startup Tuhu is considering a US initial public offering (IPO) this year, after raising up to US$400 ... ( read original story ...)