Financial analysts said the market response to the People's Bank of China's issuance of central bank bills in Hong Kong demonstrates the attractiveness of yuan-denominated assets and the confidence of ...
Hong Kong retail investors are selling Hang Seng members while global funds power stock market rebound, Goldman says
Retail investors have been cutting their holdings as stock prices recover from multi-year lows They may favour lower-risk assets such as time deposits to shun market volatility, says Natixis's Gary Ng ...
As China pushes its digital currency plans, the US falls behind
China's digital yuan has been piloted in 15 provinces and tested across a multinational financial network. Meanwhile, the US is still developing a digital currency, endangering the dollar's place as ...
A housing glut in Hong Kong? Mega projects risk churning out too many flats as population trends change, experts warn
Experts argue previous estimation city will have more than 8 million residents by 2041 may no longer be accurate, noting population has fallen past two years.
KFin Technologies IPO subscribed 2.59 times on Day 3; QIBs, retail portion fully subscribed
The majority of bidding came from qualified institutional buyers and retail investors. However, the portion reserved for non-institutional investors did not even receive 50% of the subscribed against ...
BOC Aviation places aircraft in Middle East
The airline initially launched operations in 2009 with two A320s also from BOC Aviation. Since then its fleet has come and gone; it currently includes two vintage Boeing 737s and an A320. Almasria is ...
China’s central bank issues 5B yuan of bills in Hong Kong
China's central bank issued 5 billion yuan (about 715.7 million U.S. dollars) worth of central bank bills in the Hong Kong Special Administrative Region on Tuesday. The bills will mature in six months ...
Hong Kong stocks gain on China stimulus bets while Bank of Japan stokes recession risk in shift to tightening path
Stocks snap a two-day slide as traders stay optimistic China will dig deeper into its stimulus toolbox to support the virus-wrecked economy The Bank of Japan stokes concerns about recession after ...
Alibaba, Nio Rise: Hang Seng Rises On Wall Street Cues, City Chief John Lee Gears Up For Beijing Visit
Hong Kong shares opened in the green on Wednesday, with the benchmark Hang Seng trading 0.3% higher. The city’s Chief Executive John Lee is set to travel to Beijing from Dec.
Analysis-Nature deal gets finance, business thumbs up, yet hurdles remain
A recently hatched American Coot chick sits in a nest in the Willard Spur Waterfowl Management Area near Willard, in Utah, U.S., June 29, 2022. REUTERS/Nathan Frandino ...
PBOC issues 5 bln yuan of bills in Hong Kong
China’s central bank issued 5 billion yuan (about 715.7 million U.S. dollars) worth of central bank bills in the Hong Kong Special Administrative Region on Tuesday. The bills will mature in six months ...
Hong Kong Stocks Close Well Down
Hong Kong stocks closed with big losses Tuesday, in line with a sell-off across Asia, after the bank of Japan surprised markets with a shift away from its long-standing ultra-loose monetary policy.
Hong Kong financial sector ‘urgently’ needs help with measurement of climate risks, HKMA report says
A large majority of banks, insurers and asset managers in a survey say a dearth of both climate data and standard methodologies hinders their efforts Improvement is urgently needed to strengthen Hong ...
Why the Fed Needs to Take the Digital Yuan Seriously
The e-CNY will be more than just a paperless version of cash for China’s local economy. Its use in trade settlement poses a challenge to the dollar.