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Month: June 2023

Posted on 16/06/2023

China condemns EU Parliament’s resolution on Hong Kong’s shrinking freedoms

China’s Foreign Ministry has condemned a resolution passed by the European Parliament concerning Hong Kong's shrinking rights to free speech ...

Posted on 16/06/2023

Explainer: What is Hong Kong’s new dual HKD/RMB share counter?

The Hong Kong stock exchange will start offering yuan-denominated Chinese stocks from Monday in what it calls a dual counter, a scheme that is seen as part of China's efforts to increase the yuan's ...

Posted on 16/06/2023

With Hong Kong’s property market reeling from falling deals and prices, an uptick in rates will dampen mood further, analysts say

An elevated interest-rate environment is likely to weigh on Hong Kong’s secondary housing market until next year, given the possibility of further rate hikes by the US Federal Reserve and its ...

Posted on 16/06/2023

Hong Kong stocks extend gains with Beijing seen injecting more liquidity, reviving property sales

Hong Kong stocks extended gains, sending the benchmark gauge to a one-month high with investors confident that China will ramp up stimulus measures to bolster growth after a series of dismal economic ...

Posted on 16/06/2023

J&T Express Is Said to Plan Up to $1 Billion HK IPO Filing Soon

Courier company J&T Express is planning to file for its Hong Kong initial public offering as soon as in the coming days, according to people familiar with the matter.

Posted on 16/06/2023

No changes to Hang Seng Bank’s HKD dollar prime, savings deposit rates

Savings accounts with a total relationship balance of HK$1m or above will enjoy a bonus interest of 0.001% per annum. Hang Seng Bank announced that its Hong Kong Dollar (HKD) prime lending rate remain ...

Posted on 16/06/2023

Bank of China HK’s HKD prime rate, savings deposit rate unchanged

Savings accounts with HK$1m will enjoy a bonus rate of 0.001% per annum. Bank of China (Hong Kong) said that its Hong Kong Dollar prime rate remains unchanged at 5.75% per annum. Its HKD savings ...

Posted on 16/06/2023

Hong Kong national security law: Beijing, city authorities warn EU politicians to cease ‘publicity stunts clamouring for sanctions’ against John Lee

China’s foreign affairs office in Hong Kong has warned Western politicians to cease using the financial hub for “publicity stunts” in the name of human rights to “clamour” for sanctions against the ...

Posted on 16/06/2023

Hong Kong interbank rates rise; one-week Hibor climbs to highest in 16 years

Hong Kong interbank rates rose across all tenors on Friday, with the overnight interbank offered rate rising the most, climbing to the highest in four weeks. The overnight Hong Kong interbank offered ...

Posted on 16/06/2023

How Instagram helped ‘hummus guy’ pilot start his business in Hong Kong selling Middle Eastern dips while grounded during the pandemic

You'd go into the kitchen, and mom was there peeling chickpeas and she'd get you to put your hands into the water and start [helping]." When Sharon grew up, hummus became a staple on his own dinner ...

Posted on 16/06/2023

Korean crypto contagion, Bank of China on Ethereum, HK’s exchange red carpet: Asia Express

Hong Kong lays out welcome mat for exchanges, Korean crypto lender contagion, Do Kwon banged up abroad, Bank of China's Ethereum debt note.

Posted on 16/06/2023

Huawei’s Chief Financial Officer Makes $1.4 Million Profit Selling Hong Kong Penthouse

Huawei Technologies Co.’s Chief Financial Officer Meng Wanzhou made a profit of more than HK$11 million ($1.4 million) by selling a duplex penthouse in Hong Kong she bought a decade ago.

Posted on 16/06/2023

Banks in Hong Kong Asked to Onboard Crypto Clients: Report

The Hong Kong Monetary Authority (HKMA), the city’s financial regulator, is reportedly urging major banks such as HSBC and Standard Chartered to start taking crypto exchanges as clients, despite the ...

Posted on 16/06/2023

Hong Kong Doubles Effort to Help Crypto Firms Get Legit Banking

Hong Kong regulators are planning a second meeting in less than two months to push banks to offer services to virtual-asset firms as the city seeks to become an international crypto hub.Most Read from ...

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