HSBC, which counts Hong Kong as its biggest market, has been caught in a tough spot. The attack on the lions came after the bank closed an account linked to the city's pro-democracy movement in ... ( read original story ...)
Hong Kong Bourse Due For Profit Taking On Thursday
The Hong Kong stock market has climbed higher in four straight sessions, surging more than 600 points or 2.5 percent along the way. The Hang Seng Index now rests just above the 24,750-point plateau ... ( read original story ...)
HKMA sells HK$5.43 bln in NY hours as currency hits strong end of band
The Hong Kong Monetary Authority sold HK$5.425 billion ($700 million) into the market in New York trading hours after the local currency hit the strong end of its trading band, according to data ... ( read original story ...)
Jack Ma’s Ant Receives China Approval for IPO in Shanghai
Jack Ma’s Ant Group Co. got the green light from China’s securities watchdog for its initial public offering in Shanghai, clearing another hurdle as the Chinese fintech giant tries to complete its ... ( read original story ...)
Hong Kong shares gain on U.S. stimulus hopes; property stocks drag down Shanghai
China shares slipped on Wednesday, weighed down by property stocks on a gloomy outlook for the sector, while Hong Kong stocks rose for a fourth session as hopes of a new round of U.S. fiscal stimulus ... ( read original story ...)
HSBC Hong Kong launches digital investment account opening service
HSBC Hong Kong has announced that its personal customers can now open an investment account 24/7 remotely without the requirement of visiting the bank’s branch. This especially holds significance in ... ( read original story ...)
Contrasting fortunes: China’s stock market recoups Covid-19 losses, while Hong Kong endures slump
“Hong Kong’s market pays great heed to profitability,” said HSBC Jintrust Fund Management in a report this week. “Earnings growth is prerequisite for a bull market. There’s no bull run before the ... ( read original story ...)
China CITIC Bank International and 3 Hong Kong Named Winners of the Red Hat APAC Innovation Awards 2020 for Hong Kong
Red Hat, Inc., the world’s leading provider of open source solutions, today announced the winners of the Red Hat APAC Innovation Awards 2020 for Hong Kong. China CITIC Bank International Limited and 3 ... ( read original story ...)
HKMA sells HK$2.33 bln in NY hours, currency hits strong end of band
The Hong Kong Monetary Authority sold HK$2.325 billion ($300 million) into the market in New York trading hours after the local currency hit the strong end of its trading band, according to data ... ( read original story ...)
HSBC Hong Kong unveils HSBC Smart Solution API platform
HSBC Hong Kong unveiled its business management API platform – HSBC Smart Solution – specially designed for SMEs in the region. ( read original story ...)
Hong Kong shares end higher on hopes for U.S. stimulus, strong Q3 earnings
Hong Kong shares ended higher for a fourth consecutive session on Wednesday, as hopes for a new round of U.S. fiscal stimulus and strong third quarter results due to China’s accelerated economic ... ( read original story ...)
National security law: Hong Kong banks told by HKMA to report suspicious transactions
Banks operating in Hong Kong have been told to report financial transactions believed to violate the city’s controversial national security law (NSL) as they would suspected incidents of money ... ( read original story ...)
Why I think the HSBC share price could finally have bottomed. I’d buy
The HSBC share price has crashed almost 50% in the Covid-19 pandemic. And 2020 has turned into a serious stress test. Here's why I'd buy.The post Why I think the HSBC share price could finally have ... ( read original story ...)
Hong Kong virtual bank WeLab is live with Temenos
Temenos, the banking software company, today announced that WeLab Bank, Hong Kong’s first homegrown virtual bank, has publicly launched using cloud-native Temenos Transact to provide a range of next ... ( read original story ...)