The limited offer came on the day when five of Hong Kong’s largest banks raised their prime rates for the first time in four years, hot on the heels of a 75-basis point increase in base rate by the ... ( read original story ...)
Hang Seng & Shanghai Composite Approach Key Levels For Policy Support
Chatter that President Xi's speech on China maintaining military readiness is said to have weighed on US-China ADRs yesterday though the lack of buyers is the real culprit despite rock bottom ... ( read original story ...)
Continuous interest rate hikes will further threaten Hong Kong’s small businesses, experts say, urging government to offer more support
Unless the government rolls out more supportive measures, I’m worried we will see more people going bankrupt in the coming months,’ economist says. ( read original story ...)
Top US, UK and China Law Firms Take on Hong Kong’s Largest IPO of 2022
Paul Hastings, Herbert Smith Freehills and JunHe are among the firms advising on Hong Kong’s largest IPO so far in 2022. Onewo Space-Tech Service, the property management services arm of China real ... ( read original story ...)
Hong Kong’s banks raise prime rates for the first time in 4 years as cost of money soars to 14-year high
HSBC, Standard Chartered, Bank of China (Hong Kong) and Hang Seng Bank raised their best lending rate for borrowers by 12.5 basis points The first increase in prime rates in four years will hurt the ... ( read original story ...)
Green finance: Hong Kong close to setting up voluntary carbon trading platform to tackle climate change, says bourse CEO
Having formed partnerships with potential buyers and sellers to better understand their needs, Hong Kong Exchanges and Clearing is building the infrastructure for ‘a first class platform,’ says its ... ( read original story ...)
Hong Kong journalist granted bail, trip for fellowship
A conviction could mean up to two years in jail. Chan was allowed to post bail and leave Hong Kong for a fellowship program at the University of Oxford later this month on the condition that he keeps ... ( read original story ...)
EXCLUSIVE China sends regulators to Hong Kong to assist U.S. audit inspection-sources
Beijing has sent a team of regulatory officials to Hong Kong to assist the U.S. audit watchdog with onsite audit inspections involving Chinese companies, four people familiar with the matter said, as ... ( read original story ...)
New president of AmCham in Hong Kong calls for city to reopen borders, restore confidence in ‘one country, two systems’
Eden Woon says Hong Kong has become enveloped by pessimism and anxiety due to coronavirus curbs, Beijing-imposed national security law. ( read original story ...)
Rising rates, price slump deal double blow to Hong Kong homeowners
When Stephanie Cheung bought a small, two-bedroom apartment for HK$7.7 million ($981,041) as an investment in April 2021, she booked a 6% gain by the summer as Hong Kong's property market boomed to ... ( read original story ...)
Hong Kong’s share of Asian IPOs slumps to over 2-decade low
Hong Kong’s share of regional initial public offerings (IPO) has shrunk to the lowest in more than 2 decades despite a recent pickup in deals, costing the financial hub its position as one of Asia’s ... ( read original story ...)
China Vanke unit set to raise $733 million in Hong Kong IPO-sources
Developer China Vanke Co Ltd's property services arm Onewo Inc, is set to raise HK$5.75 billion ($733 million) by pricing its shares at HK$49.35 each in its Hong Kong IPO, according to two sources ... ( read original story ...)
Hong Kong central bank raises rate, HSBC and Standard Chartered follow
Hong Kong on Thursday raised its base rate by 75 basis points (bps) to 3.5%, prompting the largest commercial banks operating in the territory, including HSBC, to increase their best lending rates. ( read original story ...)
‘Very high chance’ Hong Kong will end year in recession, finance chief warns
HONG KONG - Hong Kong is set to end the year in the midst of a full-blown recession, the city's finance chief warned on Thursday, as spiralling interest rates join strict Covid-19 controls in ... ( read original story ...)