China will help property developers by issuing 1 trillion yuan ($148.2 billion) in loans for stalled developments, the Financial Times said on Thursday, as it tries to revive the debt-stricken sector ... ( read original story ...)
Hong Kong Chronicles Institute Debuts First Volume of English Edition of Hong Kong Chronicles on 7,000 Years of Local History in a Dedicated Ceremony
Mr John Lee Ka-chiu and Mr Liu Guangyuan deliver keynote speeches in the presence of over 40 consuls based in Hong Kong ... ( read original story ...)
Hong Kong Financial Secretary Paul Chan says global rate rises, recession will hurt exports, but consumption vouchers will offset impact
City's exports will 'naturally be affected', as interest rates rise in developed economies and the external economic situation continues to worsen, Chan says Private consumption will gain momentum in ... ( read original story ...)
Why betting against the Hong Kong dollar peg is a fool’s errand
The Hong Kong dollar has once again come under pressure, with the Monetary Authority forced to step in and defend the local currency Despite criticism of the peg to the US dollar, the city's ... ( read original story ...)
New York-listed Chinese cloud services provider Kingsoft Cloud files to go public in Hong Kong
Beijing-based Kingsoft Cloud will seek a dual primary listing in Hong Kong, the latest US-listed mainland firm to seek to go public closer to home. ( read original story ...)
HSBC to leave best lending rate in Hong Kong unchanged at 5%
HSBC Holdings said on Thursday it would leave its best lending rate in Hong Kong unchanged at 5%, despite a rise in the base rate of the city's central bank, charged through its overnight discount ... ( read original story ...)
Hong Kong to launch US$637 mln tech fund for startups: report
Hong Kong will launch a HK$5 billion (US$637 million) fund to support startups seeking to reach unicorn status, the city’s Financial Secretary Paul Chan Mo-po said. The government hopes to use the ... ( read original story ...)
Hong Kong central bank raises rates, warns of tighter interbank market
The Hong Kong Monetary Authority (HKMA) on Thursday raised its base rate charged through the overnight discount window by 75 basis points to 2.75%, hours after the U.S. Federal Reserve delivered a ... ( read original story ...)
Hong Kong Had the World’s Highest COVID-19 Death Rate. It May Not Be Ready for Another Surge
Wong Wing-yan has taken to closing the doors of the empty bedrooms at the suburban Hong Kong nursing home where she works, so she doesn’t have to think about the residents who once occupied them. Some ... ( read original story ...)
UN experts urge Hong Kong authorities to repeal security law
Independent human rights experts backed by the United Nations called Wednesday on authorities in Hong Kong to repeal a national security law that squelched protests and criticism over China's ... ( read original story ...)
Inconsistencies in Hong Kong’s pandemic policies erode faith in government
Readers discuss the need for science-based pandemic rules, the logic of the quarantine policy and the dilemma facing some permanent residents Feel strongly about these letters, or any other aspects of ... ( read original story ...)
Hong Kong property tycoon accuses US of intending to destroy city’s financial status and mainland China
Hang Lung Group chairman Ronnie Chan says city must not underestimate 'madness with which the US wants to destroy mainland China', and Hong Kong Property tycoon and ex-head of securities watchdog also ... ( read original story ...)
Hong Kong stocks rise after Fed raises rates
Hong Kong stocks opened slightly higher on Thursday morning after the head of the Federal Reserve indicated the bank's pace of interest rate hikes ... ( read original story ...)
Sell Hong Kong stocks when the likes of HSBC raise prime rates, historical data suggests
All four industry groups within the Hang Seng Index posted losses in the one month after HSBC last raised its best rates in September 2018 The HKMA raised its base rate to the highest level since 2019 ... ( read original story ...)