To Hong Kong documentary filmmaker Ngan Chi-sing, seeking asylum in the U.K. is going to be one of his priorities in the coming year. That’s because he has made a film about the 2019 protests that he ... ( read original story ...)
Bank of Israel, BIS, Hong Kong cenbank to test retail CBDC feasibility
Israel's central bank said on Thursday it was teaming up with the Hong Kong Monetary Authority and the Bank of International Settlements' (BIS) Innovation Lab to test the feasibility of a central bank ... ( read original story ...)
Hong Kong braces for capital outflow after 75-basis point base rate increase in lockstep with US Fed
The Hong Kong Monetary Authority (HKMA) increased the city's cost of money in lockstep with the Federal Reserve's biggest one-time increase in 28 years, taking a step to follow global central banks in ... ( read original story ...)
Hong Kong raises key rate by 75 basis points in lockstep with Federal Reserve hike as finance chief warns of capital flight
Financial Secretary Paul Chan says the US rate rise will lead to more capital outflow from Hong Kong, but the city's banking system has enough liquidity to defend the stability of the local financial ... ( read original story ...)
Hong Kong Sells More U.S. Dollars to Defend Currency Peg
Hong Kong has sold more foreign-exchange reserves to maintain its longstanding peg to the U.S. dollar, taking its total outlay this year to $7.24 billion. ( read original story ...)
HSBC leaves its best lending rate unchanged after HK central bank rate hike
will leave its prime lending rate unchanged in Hong Kong at 5% even after Hong Kong's central bank raised its base interest rate, Reuters reported Thursday. The Hong Kong Monetary Authority ... ( read original story ...)
Hong Kong c.bank raises base rate following Fed, banks stand pat
The Hong Kong Monetary Authority (HKMA) raised on Thursday its base rate charged through the overnight discount window by 75 basis points to 2%, hours after the U.S. Federal Reserve delivered a rate ... ( read original story ...)
Yahoo launching Metaverse events for Hong Kong residents under restrictions
US-based internet media company Yahoo has announced the launch of a series of Metaverse projects in Hong Kong just one day after Meta Platforms, announced plans for virtual tech in the island city as ... ( read original story ...)
In These New Textbooks, Hong Kong Was Never a British Colony
The books are part of China’s effort to instill a particular historical narrative and to stress patriotic education in a city where a pro-democracy movement was crushed. ( read original story ...)
Hong Kong braces for capital outflow after 75-basis point base rate increase in lockstep with US Federal Reserve
Hong Kong's financial secretary and de facto central banker both said the city's banking system has enough liquidity even if they brace for capital outflows The city's commercial banks are keeping ... ( read original story ...)
Bank of China HK dishes out sponsorship support for HK Palance Museum to promote Chinese culture
The Hong Kong Palace Museum (HKPM), which is set to open on 2 July 2022, has partnered with Bank of China Hong Kong (BOCHK). HKPM will launch a series of arts and cultural activities supported by ... ( read original story ...)
Hong Kong Cuts Isolation Period for Handover Events, SCMP Says
Top Hong Kong officials will only do a three-day hotel quarantine ahead of the city’s July 1 celebrations, according to the South China Morning Post, casting fresh doubt over President Xi Jinping’s ... ( read original story ...)
Senior state officials laud ‘one country, two systems’ policy for Hong Kong, voice confidence in city’s prosperity and ‘quality democracy’
Huang Liuquan, HKMAO deputy director, says anyone betting on demise of city has 'never won' Huang and Liu Guangyuan, commissioner of the Chinese foreign ministry's office in Hong Kong, spoke at ... ( read original story ...)
Credit Suisse Loses Hong Kong Investment Bankers
Turnover is on the rise at Hong Kong’s investment banks amid a soured market outlook with Credit Suisse being the latest to see exits, finews.asia has learned. ( read original story ...)