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Month: February 2024

Posted on 01/02/2024

HSBC holds prime rate steady after Fed’s unanimous vote to ‘keep options open’ on when to start cutting the cost of money

HSBC led Hong Kong's banks in keeping prime rates steady, following the lead of the city's monetary authority and offering a breather to businesses and mortgage borrowers as the economy struggles to ...

Posted on 01/02/2024

Cathay Cargo Terminal the first cargo terminal operator in Hong Kong to provide full end-to-end digital import process

Leveraging the power of Airport Authority Hong Kong’s HKIA Cargo Data Platform - January 31, 2024 — Cathay Cargo Terminal continues to enhance

Posted on 01/02/2024

Japanese stocks climb for third day as Hong Kong stocks drop

Stocks in the Asia-Pacific region grew Wednesday, Jan. 31, with the Japanese market showing a third day of increases and shares in Hong Kong declining

Posted on 01/02/2024

Double Take: This Singapore Healthtech Startup Develops ‘Digital Twins’ To Manage Chronic Diseases

Mesh Bio on Wednesday raised $3.5 million in funding to double down on its digital twin technology, which produce virtual models, or “twins,” of a patient’s state of health based on their data.

Posted on 01/02/2024

Hong Kong court convicts 4 people of rioting over storming of legislature in 2019 protests

A Hong Kong court convicted four people Thursday for rioting over the storming of the city's legislative council building at the height of the anti-government protests more than four years ago.

Posted on 01/02/2024

HSBC HOLDINGS Buys back ~5.2M Shrs in Total for HKD310M+ Ytd

HSBC HOLDINGS (00005.HK) announced that it repurchased 5.1952 million shares of the company in total yesterday (25th) in the UK and Hong Kong markets, involving a total of over HKD... HSBC HOLDINGS ...

Posted on 01/02/2024

HKMA: Evergrande risk controllable to banking system

The Hong Kong Monetary Authority (HKMA) on Wednesday said the city's banking system does not have high exposure to the debt-ridden developer China Evergrande, but noted the current challenging credit ...

Posted on 01/02/2024

Hong Kong billionaire Richard Li seeks to sell asset manager PineBridge -sources

Rising interest rates and geopolitical tensions have roiled regional asset prices. PineBridge managed about 25% of the assets of Hong Kong-based FWD, an insurance business owned by PCG, as of ...

Posted on 01/02/2024

Chinese-owned Amer Sports’ IPO faces weak U.S. investor appetite

HONG KONG -- Amer Sports, the Chinese-owned sports equipment and apparel maker whose brands include Wilson and Louisville Slugger, will begin trading in New York on Thursday in a listing that is set ...

Posted on 01/02/2024

HSBC keeps prime rate unchanged

HSBC kept its prime rate unchanged on Thursday after the Hong Kong Monetary Authority (HKMA) held its base rate steady in line with the US Federal ...

Posted on 01/02/2024

Hong Kong central bank leaves interest rate unchanged, tracks US Fed

THE Hong Kong Monetary Authority (HKMA) on Thursday (Feb 1) left its base rate charged through the overnight discount window unchanged at 5.75 per cent, in line with the US Federal Reserve’s decision ...

Posted on 01/02/2024

A Hong Kong court convicted 4 people of rioting over 2019 storming of legislature

A Hong Kong court has convicted four people for rioting over the storming of the city’s legislative council building at the height of the anti-government protests more than four years ago ...

Posted on 01/02/2024

Hong Kong convicts four over 2019 legislature storming

Four Hong Kong men were convicted of rioting Thursday over the storming and ransacking of the city's legislature in 2019, part of a pro-democracy movement that posed an unprecedented challenge to the ...

Posted on 01/02/2024

A Hong Kong court convicted 4 people of rioting over the storming of legislature in 2019 protests

A Hong Kong court on Thursday convicted four people for rioting over the storming of the city’s legislative council building at the height of the anti-government protests more than four years ago.

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