Hong Kong's de-facto central bank bought HK$4.671 billion ($595.12 million) from the market in New York trading hours to stop the local currency weakening and breaking its peg to the U.S. dollar. The ...
Hong Kong March retail sales jump 40.9% in fourth month of growth
Hong Kong's March retail sales rose 40.9% from a year earlier, the second biggest percentage rise on record, as consumer and visitor spending continued to improve, though the low base of comparison ...
DPC Dash Accelerates China Expansion After Successful Hong Kong IPO, Adding Three New Cities in a Day
Domino's Pizza's exclusive master franchisee in the China Mainland, the Hong Kong Special Administrative Region of China, and the Macau Special Administrative Region of China, is speeding its China ...
BOCHK To Raise HKD Prime Rate to 5.75%
BOC HONG KONG (02388.HK) announced that it will move up the HKD Prime Rate from 5.625% to 5.75% p.a., and the HKD Savings Deposit Rates from 0.625% to 0.75% p.a., with effect from next Monday (8th).
Hong Kong raises base rate to fresh 15-year high while Federal Reserve signals a pause to aggressive US policy tightening
The HKMA raised its key rate to a 15-year high, in what could be the last hike in 2023; it also intervened in the currency market to defend the Hong Kong dollar Analysts surveyed by the Post were ...
HSBC to Raise Hong Kong Best Lending Rate to 5.75%
HSBC will raise its Hong Kong dollar best lending rate from 5.625% to 5.75% with effect from Friday, the bank said in a statement on Thursday, following the territory's central bank hiking its base ...
Born in Asia but Based in Britain, HSBC Fights to Stay in One Piece
The global bank’s biggest shareholder, the giant Chinese insurer Ping An, wants HSBC to spin off its profitable Asian operation.
It’s time HSBC’s top owner calms down or sells up
Ping An Insurance , will soon be left with just two good options at HSBC , : sell up or calm down. The Chinese company's push to split up the $150 billion lender is going nowhere. Sticking around as a ...
Hong Kong dismantles grassroots direct elections
Hong Kong Chief Executive John Lee said: "We must prevent those who opposed China and stirred up chaos in Hong Kong from hijacking, manipulating, paralysing the District Councils."
“Hello Hong Kong” Mega FAM Trip organized for Indian Travel Trade
The Hong Kong Tourism Board (HKTB) had successfully concluded the Hello Hong Kong mega familiarisation trip for 35 professionals
Hong Kong Stocks Open Slightly Up
Hong Kong stocks opened slightly higher on Thursday after a losing session on Wall Street that followed yet another Federal Reserve interest rate hike.
Hong Kong mirrors Fed rate hike, banking liquidity at fresh 2008 lows
The Hong Kong Monetary Authority (HKMA) raised its main policy rate on Thursday, following the U.S. Federal Reserve's move, even as weakness in its pegged currency forced the de facto central bank to ...
HSBC pivots away from Asia at just the wrong time
HSBC Holdings Plc made a clear and compelling case for hanging on to its Asian business when its biggest shareholder Ping An Insurance Group started calling for a breakup of the London- and Hong ...
Consumer watchdog says dedicated funds should be set up to finance maintenance and repairs at Hong Kong private housing developments
Disputes over management fees top list of disputes taken to watchdog, study finds Council says about 75 per cent of 85 management firms involved in 249 development projects examined linked to builders ...