The HKMA increased its base rate by 50 basis points to 4.75 per cent from 4.25 per cent, taking it close to a 15-year high Commercial banks in Hong Kong are expected to increase their prime lending ...
Alibaba, Nio Fall Over 2%: Hang Seng Weakens After Fed Sees Rate Hikes Through Next Year
Hong Kong stocks witnessed a sell-off on Thursday despite the Federal Reserve’s 50 basis points rate hike being on anticipated lines as central bank officials projected rate increases through next ...
HSBC’s disgruntled shareholders launch new campaign for spinoff
A small group of HSBC's Hong Kong-based retail investors are seeking support to put a resolution to the bank's 2023 annual meeting calling on it to restore its pre-pandemic dividend and set a plan to ...
Hong Kong Central Bank Hikes Rate By 50 Bps
The Hong Kong Monetary Authority lifted its benchmark rate by 50 basis points on Thursday, following the policy announcement of the ...
Hong Kong activist who staged Tiananmen vigil has conviction overturned
Hong Kong authorities have cited Covid restrictions as the reason for its ban on Tiananmen vigils since 2020. The city used to be one of the only sites on Chinese territory where authorities allowed ...
Google says does not change search results after Hong Kong anthem row
Google said Thursday it does not manipulate search results, after Hong Kong's government said the tech giant had refused its demand to remove a popular protest song.
As Hong Kong eases Covid-19 rules, it must convince the world it is open for business
Readers discuss how Hong Kong can grasp the opportunities provided by the relaxation of Covid-19 measures, an unsatisfactory experience with a bank's automated customer service system, and littering ...
HSBC, under pressure on climate policies, to stop funding new oil and gas projects
The bank says it will still provide financing and advisory services to energy sector clients at the corporate level, if consistent with its net-zero goals.
Lessons for Hong Kong in its futile pursuit of China’s zero-Covid strategy
Donald Low argues that despite Hong Kong having no choice but to adhere to the mainland’s zero-Covid stance, it was always incumbent on the government to have a Plan B.
Crypto hangover hits Hong Kong
During a week of conferences to celebrate the scrapping of suffocating pandemic restrictions on the territory, Chan signalled Hong Kong was to move towards allowing the retail trading of crypto assets ...
Pfizer’s Paxlovid Approved In China, State Council Emphasizes Domestic Consumption
Asian equities were higher following yesterday’s lighter-than-anticipated US CPI print (sarcastically, only 7.1%!) though volumes were light in advance of today’s Fed hike and tomorrow’s global ...
Is Hong Kong back to business as usual?
After more than two years under Beijing’s stringent pandemic rules, Hong Kong wants to prove that it can still be “Asia’s World City.” The Hang Seng Index has found a footing after losing roughly half ...
Hong Kong court rules police ban on Tiananmen vigil unlawful, overturning conviction of prominent activist
Hong Kong's High Court ruled on Wednesday that a decision by police to ban a Tiananmen square vigil last year was "unlawful," thereby overturning an earlier conviction against jailed pro-democracy ...
HSBC updates climate policy to stop funding new oil and gas
British banking giant HSBC announced Wednesday it will no longer finance new oil and gas fields as part of its updated climate strategy.