With a Covid-weakened business environment and inflation of less than 2%, Hong Kong needs higher borrowing costs like a hole in the head. But it has no choice. Arbitrage relationships limit the extent ... ( read original story ...)
Singapore deal allows SocGen bankers to flee Hong Kong
We’ll send you a myFT Daily Digest email rounding up the latest Societe Generale news every morning. Société Générale made an arrangement with the Singapore government that allowed it to relocate at ... ( read original story ...)
HSBC Split Is a Surefire Way to Destroy Value
The illuminated HSBC Holdings Plc headquarters, center, at night in Hong Kong, China, on Friday, Feb. 18, 2022. HSBC is scheduled to release earnings results on Feb. 22. (Photographer: ... ( read original story ...)
Hong Kong’s base rate rises by 50 points, as the cost of money makes its biggest one-time jump in more than two decades after US Fed’s decision
The city's base lending rate rose to 1.25 per cent effective immediately, following the 50-point move overnight by the Fed, according to a statement by the Hong Kong Monetary Authority (HKMA). Hong ... ( read original story ...)
Why Hong Kong’s Election Features Only One Candidate
Replacing Hong Kong’s leader is a complicated, closed-door affair that epitomizes the central problem facing the Asian financial hub: How to balance the public’s desire for autonomy with China’s ... ( read original story ...)
Hong Kong Emerges as Hub for Chinese Firms Seeking ESG Loans
Hong Kong has been working to establish itself as a top green-finance locale. The government is currently selling its first retail green bond, a deal potentially as large as HK$20 billion. It’s ... ( read original story ...)
De Well Files for Hong Kong IPO, Flush With New Ties to Cainiao
When it comes to logistics, China-focused investors already have plenty to choose from in a crowded field filled with names like S.F. Holding (002352.SZ), ZTO (NYSE: ZTO) and JD Logistics (2618.HK). ( read original story ...)
Hong Kong plummets in Press Freedom rankings as China tightens control
Hong Kong, May 5 (ANI): Amid a slew of draconian laws introduced by the Chinese in Hong Kong, an annual report on press freedoms across the globe published by Reporters Without Borders (RSF) indicates ... ( read original story ...)
Huafang Hopes ‘Internet Bad Boy’ Backing Will Bring Investors Streaming to Its IPO
Now the second-tier player is seeking stardom in the capital market by applying for a Hong Kong IPO to fund an accelerated expansion. This isn’t Huafang’s first ride on the Hong Kong IPO ... ( read original story ...)
Hong Kong Plunges Below Singapore in World Press Freedom Ranking
(Bloomberg) --Hong Kong’s press freedom ranking has plummeted amid a crackdown on free speech by authorities. The Asian financial center ranked 148 in the Reporters Without Borders 2022 World Press ... ( read original story ...)
Internet Stocks Clipped In Hong Kong, Mainland Markets To Reopen Tomorrow
Asian equities were mixed but mostly lower overnight as Hong Kong was a significant laggard and Mainland China was closed. Growth and internet stocks were clipped following last week’s rally, which ... ( read original story ...)
Hong Kong Expecting Mass Residential Price Declines in 2022
While demand for housing in Hong Kong is inherently strong ... is set to climb in the coming months as projects are launched. The relaxation of the Mortgage Insurance Programme will also boost ... ( read original story ...)
Hong Kong legislature passes HK$700 billion budget, with one abstention over cut to social welfare spending
Hong Kong’s “all-patriots” legislature has approved the government ... to fund its services from April 1 this year and March 21, 2023. Speaking at LegCo, Financial Secretary Paul Chan said the current ... ( read original story ...)
Robotic marine trash collector starts making waves in Hong Kong
Back in November 2020, startup Open Ocean Engineering launched ... a sleeker Clearbot has now started patrolling Hong Kong waters. Meanwhile there are numerous efforts in play to try and remove ... ( read original story ...)