The Federal Reserve on Wednesday (Thursday in Hong Kong) lifted the benchmark overnight lending rate by a quarter of a percentage point to a range of 2.00 percent to 2.25 percent, its third rate incre... ( read original story ...)
Hong Kong: Bank Rate Hikes Heap Stress On Borrowers
With some Hong Kong banks increasing their benchmark lending rates, mortgage repayments could become increasingly difficult, affecting demand for properties and other asset markets, too. Hong Kong's i... ( read original story ...)
HSBC to raise best lending rate
Also with effect on the same day, HSBC will raise its Savings Rate for Hon... File photo shows the HSBC Building in Central, Hong Kong. (Sing Tao photo) The Hongkong and Shanghai Banking Corporation b... ( read original story ...)
Hong Kong queue of IPO hopefuls faces market reckoning
HONG KONG (Reuters) - The number of companies filing to go public in Hong Kong has jumped almost threefold this year, driven in part by China’s burgeoning technology sector, but they will have ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) stocks recover their poise after Fed jolt
South Korea’s Kospi, which reopened after a national holiday, added 0.7 percent to 2,355.43. Hong Kong’s Hang Seng index slipped 0.4 percent to 27,715.67. The Shanghai Composite Index lost 0.5 percent ... ( read original story ...)
HK banking enters new era
Our banking sector, I'm pleased to note, is indeed more than ready for the arrival of this new era, a new era marked by the unstoppable wave of innovation and technology. Our banking sector is respond... ( read original story ...)
HSBC raises Hong Kong prime rate for the first time in a decade, ending era of cheap funds
HSBC has become the first commercial bank to raise its prime rate in Hong Kong, taking its cue from the US Federal Reserve and the Hong Kong Monetary Authority in ending a decade of cheap capital. The ... ( read original story ...)
Hong Kong banks hike lending rates for first time in 12 years
Two of Hong Kong's biggest banks raised their lending rates on Thursday for the first time in 12 years, ending an age of cheap cash that could hit the city's famously red-hot property market. The move... ( read original story ...)
HSBC hikes Hong Kong lending rate for first time in 12 years
Banking giant HSBC on Thursday hiked its lending rate in Hong Kong for the first time in 12 years, a move that ends an age of cheap cash and could hit the city's famous red-hot property market. ( read original story ...)
Hong Kong banks raise benchmark lending rates for first time in 12 years
On Friday, the Hong Kong dollar experienced a sudden, sharp spike, which some market watchers attributed to expectations of a rise in bank lending rates and tight cash supply. Facing shrinking ... ( read original story ...)
Speech by FS at 10th Hong Kong Institute of Bankers Banking Conference (English only) (with photo/video)
Following is the speech by the Financial Secretary, Mr Paul Chan, at the 10th Hong Kong Institute of Bankers (HKIB) Banking Conference today (September 27): Patrick (Chairman of the Executive Committe... ( read original story ...)
Hong Kong raises base lending rate, striking the final nail for more than a decade of cheap funds
The base lending rate was raised by 25 basis points to 2.5 per cent, the Hong Kong Monetary Authority said on its website, effective immediately. The de facto central bank’s chief executive officer No... ( read original story ...)
Hong Kong’s de facto central bank raises base rate after Fed hike
The move comes as officials in Hong Kong, which tracks U.S. rate moves because its currency is pegged to the greenback, have warned of the impact of rising interest rates on the city's homeowners. Lat... ( read original story ...)
Hong Kong IPO Roulette Has Top Money Managers in a Spin
Some of the world’s largest asset managers took a spin on Hong Kong’s IPO roulette wheel, and now they’re stuck. Shares of Meituan Dianping dipped below their offering price on Wednesday, barely one w... ( read original story ...)