Asian equity markets were mixed on light volumes except for China and South Asian equity markets in advance of today’s US jobless number, which came in stronger than anticipated. ( read original story ...)
Fed ends decade-long enforcement action against HSBC
The U.S. Federal Reserve has terminated a decade-long enforcement action against HSBC Holdings PLC under which Europe's biggest bank by assets was ordered to improve practices after violating money ... ( read original story ...)
PMQ Hong Kong presents ‘FabriX’, a brand new pilot programme for digital fashion
The first-ever FabriX has selected 12 outstanding Hong Kong fashion designers and paired up with local digital elites to produce their first ever digital fashion collection. From now to 11 September, ... ( read original story ...)
Coronavirus: special BioNTech vaccine for children may be too pricey for Hong Kong to buy, panel chairman says
Professor Lau Yu-lung also predicts more transmissible Omicron BA.4 and BA.5 subvariants may account for 90 per cent of the city’s caseload. ( read original story ...)
Hong Kong Floats Quarantine-Free Plan for Financial Summit, but Bankers Don’t Want Exceptions
Top banking executives who are interested in attending a high-level summit in November don’t want exemptions from Hong Kong’s strict travel rules, mainly because of the negative optics of being given ... ( read original story ...)
Hong Kong schools cut 67 Primary One classes, as emigration and tough Covid-19 curbs continue to dwindle student population
The reduction in classes means about 1,675 spots were shed this academic year Vu Im-fan, head of the Subsidised Primary Schools Council and a primary school principal, urged authorities to implement ... ( read original story ...)
China to enhance Hong Kong’s status as a global financial hub, adding overseas stocks to cross-border trading scheme
An expansion of the eight-year-old Stock Connect scheme will for the first time give mainland traders access to overseas companies listed in Hong Kong, an official said on Friday. ( read original story ...)
Credit Suisse Hit by Key Private Bank Resignations in Hong Kong
Credit Suisse Group AG has been hit by two senior private banker resignations in Hong Kong as the Swiss lender targets a global overhaul following a wave of scandals that triggered billions of dollars ... ( read original story ...)
Chinese bank exposure to developers’ bad loans piles up
Non-performing loans to the real estate sector are piling up at China's major listed banks even as they seek to reassure investors that any impact from deteriorating asset quality will be manageable. ( read original story ...)
Silver Bonds: Hong Kong gets HK$62.6 billion of bids from record number of subscribers seeking inflation-beating returns
The HK$45 billion inflation-protected bonds come with a guarantee at least a 4 per cent annual coupon, a variable target pegged to the city's inflation rate Consumer prices rose 1.9 per cent in July, ... ( read original story ...)
Yuan Appeal Fades in Hong Kong as Local Rates Hit 14-Year High
China’s yuan is losing support from Hong Kong investors as the city’s monetary authority follows the Federal Reserve in hiking rates, reducing the currency’s attractiveness versus the local dollar. ( read original story ...)
How Hong Kong can roll back Covid-19 restrictions to save the economy
That lesson applies directly to the Covid-19 situation in Hong Kong. We know the latest variants are extremely contagious and cannot be stopped from spreading in the community. We also know they ... ( read original story ...)
US regulators to vet Alibaba, JD.com, other Chinese firms’ audits
The selection follows a landmark audit deal between Beijing and Washington on Friday allowing U.S. regulators to vet accounting firms in mainland China and Hong Kong, potentially ending a long-running ... ( read original story ...)
Talent Agency’s Pulled IPO Adds to Hong Kong’s Deal Troubles
A management firm that represents Chinese celebrities is the first this year to suspend an initial public offering in Hong Kong after having started to take orders for its shares, evidencing a ... ( read original story ...)