Chinese logistics firm Best recives buyout offer from consortium including existing investor Cainiao, the Alibaba logistics arm planning a US$1 billion IPO in Hong Kong.
China lent $1.34 trln in 2000-2021, focus shifts from Belt and Road to rescue finance-report
Chinese financial institutions lent $1.34 trillion to developing countries from 2000 to 2021, U.S. researchers at AidData said in a report that showed the world's biggest bilateral lender switching ...
China’s Vice-premier He Lifeng to headline Hong Kong bankers’ summit, hot on heels of appointment to lead top finance body
He will participate virtually and three top mainland Chinese regulators will attend in person for the first time as the Global Financial Leaders’ Investment Summit gets under way on Tuesday, ...
Hong Kong to allow retail access to spot crypto ETFs
Hong Kong is considering the introduction of exchange-traded funds (ETFs) that invest directly in cryptocurrencies.
Hong Kong treats top bankers to lavish banquet, cultural show to launch Global Financial Leaders’ Investment Summit
The HKMA hosted 300 global bankers at the Palace Museum in the lead up to the second edition of its Global Financial Leaders’ Investment Summit that takes place over the next two days.
Hong Kong’s SFC considers spot crypto ETFs in pursuit of a global DeFi hub
The Securities and Futures Commission (SFC) of Hong Kong, known for its stringent regulations and oversight of traditional financial markets, is now dipping its toes into the intriguing and rapidly ...
30 years of HKMA: Hong Kong’s de facto central bank drives fintech and green finance innovation, grows global stature
From its role in Hong Kong’s transition from British colony to China’s special administrative region, the HKMA is now carving out a place as a leader in fintech, financial regulations and green ...
Hong Kong stocks jump by most in 2 months with Alibaba, HSBC gains amid China data boost, while New World surges on asset sale
Stocks are set for a second weekly advance as China’s services sector expands. Policy support also helped lift confidence as mainland funds scoop up more local equities.
Hong Kong’s Policy Address: Exorbitant and introspective, it ignores the city’s fiscal reality and global perspective
Chief Executive John Lee recently delivered his second Policy Address since assuming office in July 2022, detailing numerous initiatives to address both the opportunities and challenges confronting ...
Hong Kong stocks jumo by most in 2 months with Alibaba, HSBC gains amid China data boost, while New World surges on asset sale
China's services sector expanded in October, compensating for surprise drop in factory activity New World Development surged after shareholders approved the sale of its stake in NWS Holdings for cash ...
HSBC keeps prime rate unchanged after HKMA maintains base rate at 5.75%, giving Hong Kong businesses, homeowners relief
HKMA's rate pause is the third in the current hiking cycle that began in March 2022; another increase in 2023 remains a close call After HSBC's decision to keep prime rate steady, eyes on other banks' ...
Exclusive: Uzbek Man Linked To Ex-President’s Daughter Arrested Allegedly Trying To Get Money From Hong Kong Bank
In the latest twist to a drama surrounding once-powerful, now-disgraced Uzbek socialite Gulnara Karimova, her ex-husband has been arrested in Hong Kong. Rustam Madumarov may have been sent by a ...
No changes to Hang Seng Bank’s HKD prime lending rate
Its HKD savings deposit rates also remain unchanged. Hang Seng Bank has made no changes to its Hong Kong dollar prime lending rate. It remains at 5.875% per annum (pa), the bank said in a press ...
Bank of China Hong Kong keeps HKD prime rate, deposit rate steady
Savings accounts with over HK$1m will enjoy a 0.001% pa additional bonus rate. Bank of China (Hong Kong) is keeping its Hong Kong dollar prime rate and savings deposit rate unchanged at 5.875% per ...