The bank, which has its headquarters in London but makes most of its revenues in Hong Kong and mainland China, did not comment on whether a CCP branch had been set up at one of its units. HSBC ... ( read original story ...)
Hong Kong Faces First Prime Rate Hike Since 2018 on Hawkish Fed
Hong Kong banks are set to lift prime rates for the first time in four years in response to the Federal Reserve’s aggressive policy tightening, spelling stress for one of the world’s most expensive ... ( read original story ...)
Secondary schools in Hong Kong appeal for reduction in class sizes amid fall in student numbers
Teachers’ groups accuse the government of failure to act in the face of ‘incessant and significant’ drop in student numbers. ( read original story ...)
HSBC insists Communist party branches have ‘no influence’
The bank, which has its headquarters in London but makes most of its revenues in Hong Kong and mainland China, did not comment on whether a CCP branch had been set up at one of its units. HSBC ... ( read original story ...)
Hong Kong’s New Cybercrime Law Consultation
NSL cyber laws may ironically weaken the tech sector and make Hong Kong’s internet less secure. This week the Cybercrime Subcommittee of the Law Reform Commission (LRC) in Hong Kong published a ... ( read original story ...)
Hong Kong interbank rate touches 2-year high as HKMA withdraws cash
Hong Kong dollar rates jumped on Friday, as heavy buying from the local central bank drained liquidity and investors braced for the U.S. Federal Reserve to sharply raise rates next week.Hong Kong ... ( read original story ...)
Hong Kong publishers excluded from book fair over politically sensitive material
the seven-day event which began this week once drew more than 1 million visitors and was a staple business opportunity for the sector. Xi’s vision for patriotic and prosperous Hong Kong a hard sell ... ( read original story ...)
As Hong Kong swelters, offices set thermostats higher to fight climate change, but allow staff to dress down (a little)
The HKMA and Securities and Futures Commission are among the entities relaxing dress codes to cut back on air-conditioning Companies including Hong Kong's major property developers are deploying a ... ( read original story ...)
HSBC Confirms CCP Committee Setup by CN Arm, Biz Operation Unaffected
HSBC HOLDINGS (00005.HK) has reportedly established a Chinese Communist party (CCP) committee within its investment banking subsidiary in China, becoming the first foreign bank to do so. According to ... ( read original story ...)
HSBC becomes first foreign bank in China to house a unit of country’s Communist Party in its latest concession to Beijing
The giant's investment banking arm in China - HSBC Qianhai Securities - recently established a committee of the Chinese Communist Party. ( read original story ...)
What does Hong Kong’s move to cut out lawyers in mortgage transactions mean for property buyers
The Hong Kong Monetary Authority has cut out lawyers' role in mortgage transfers in a pilot plan to protect buyers from insolvent legal firms But property buyers still need law firms to assist them ... ( read original story ...)
The world’s oldest male panda, beloved in Hong Kong, dies at 35
An An, the oldest-known male giant panda, who brought “fond memories and heartwarming moments” to the people of Hong Kong, passed away Thursday following health complications. He was 35 — or 105 in ... ( read original story ...)
The world’s oldest known male panda, beloved in Hong Kong, dies at 35
An An, the oldest known male giant panda, who brought “fond memories and heartwarming moments” to the people of Hong Kong, passed away Thursday following health complications. He was 35 — or 105 in ... ( read original story ...)
‘Bullying act’: Hong Kong slams US politicians’ calls for sanctions on gov’t prosecutors trying political cases
Hong Kong authorities have slammed US politicians’ call for sanctions on government prosecutors presiding over court cases related to politics, condemning the move as an “unreasonable bullying act.” ... ( read original story ...)