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 ...
Hong Kong stocks set for weekly gain as Alibaba, HSBC jump on China data while New World surges on cash boost
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.
HK’s Financial Secretary Defends Robust Virtual Assets Regulation Amidst JPEX Probe
Hong Kong’s Financial Secretary, Paul Chan Mo-po, has asserted that stringent regulation of virtual assets is crucial for market development, defending the ...
Strict financial control by Beijing spells more opportunities for Hong Kong
As crucial meeting makes it clear China's regulatory regime will only become tighter, the city stands to feel the benefit as being a bridge with the West China's central financial work conference ...
Has Beijing secured Hong Kong’s status as an international finance hub?
Beijing’s recent pledge to improve Hong Kong’s status as an international financial centre – a show of commitment to the city made at a time when questions about its purpose grow more acute – has ...
If Only Digital Cash Worked In Hong Kong Taxis
Persuading cabbies who refuse to take anything but physical bills is the most important use case for the e-HKD.
HKEX to launch retail fund platform as Hong Kong seeks to burnish status as wealth management hub
Moves aims to make it easier for asset management companies and their sales partners to sell fund products to clients, attracting more companies into the market and broadening choices for investors.
HSBC, major lenders keep prime rates unchanged after HKMA maintains base rate at 5.75%, giving Hong Kong businesses, homeowners relief
The latest decision comes as a much-needed relief for Hong Kong’s businesses and mortgage borrowers. Hong Kong stocks jump in reaction, with most lenders logging big gains.
Hong Kong FinTech Week kicks off with new Web3 focus: tokenisation and cross-border payments
Hong Kong officials tout new use cases for blockchain technology at city’s FinTech Week as the SFC unveils new rules for retail access to tokenised securities.
Finance leaders at Hong Kong FinTech expo support tokenisation as a means to improving business efficiency
The finance industry should embrace tokenisation along with other new technologies that can help improve business efficiency, but such launches should be made in a controlled environment to manage ...