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Category: FINANCE

Posted on 25/06/2023

Hong Kong to fine-tune mortgage limits for first-time homebuyers

Hong Kong plans to "fine-tune" the maximum size of mortgages available to first-time homebuyers, Financial Secretary Paul Chan said in a radio interview on Sunday. Chan told Commercial Radio Hong Kong ...

Posted on 25/06/2023

Hong Kong’s transgender teens struggle with confusion and pain as specialised healthcare is for over-18s only

By 15, Liu felt an urgent need for help in transitioning to a girl. But although gender-affirming healthcare was available in Hong Kong, providing social, psychological, behavioural or other medical ...

Posted on 23/06/2023

Hong Kong economy driven by local spending as exports remain weak, finance chief says, appealing to residents to spend consumption vouchers in July

Financial Secretary Paul Chan attributes poor performance of exports to continuing external challenges Chan calls on residents to 'spend more', noting latest instalment of consumption vouchers worth ...

Posted on 23/06/2023

Toppan Merrill hits every financial regulatory deadline with expert, round-the-clock service

Financial printing company is committed to supporting the financial industry’s goal of further spurring economic growth and development ...

Posted on 23/06/2023

Hong Kong shares fall on Powell’s hawkish tone, suffering worst week since March

Hong Kong stocks extended losses on Friday, posting their sharpest weekly decline since March as hawkish comments by U.S. Federal Reserve Chair Jerome Powell dampened market sentiment.

Posted on 23/06/2023

Hong Kong Stocks End Week With Another Loss

Hong Kong shares finished sharply lower Friday at the end of tough as traders fret over more central bank interest rate hikes as well as China's stuttering economic recovery.

Posted on 23/06/2023

Hong Kong shares fall on Powell’s hawkish tone, set for worst week since March

Hong Kong stocks fell on Friday and were set for their sharpest weekly decline since March as hawkish comments by U.S. Federal Reserve Chair Jerome Powell dampened market sentiment.

Posted on 22/06/2023

Hong Kong economy driven by local spending as exports remain weak, finance chief says, calling on residents to spend consumption vouchers in July

Financial Secretary Paul Chan attributes poor performance of exports to continuing challenges city faces on external front Chan calls on residents to 'spend more', noting latest instalment of ...

Posted on 22/06/2023

HSBC’s PayMe allies with AsiaPay to offer merchant payment solutions

The collaboration attracts customers through versatile payment choices through a unified device. AsiaPay, a digital payment solutions provider in the Asia Pacific, has partnered with PayMe by HSBC in ...

Posted on 22/06/2023

Five HK banks, HKECIC team up to underwrite risk on domestic sales in China

The collaboration targets to boost insurance protection for Hong Kong exporters. The Hong Kong Export Credit Insurance Corporation (HKECIC) announced its collaboration with five banks to pilot scheme ...

Posted on 22/06/2023

Hong Kong lawmakers pass bill ordering Jockey Club to pay HK$12bn in football betting tax to boost gov’t revenue

The Legislative Council has passed a bill ordering the Hong Kong Jockey Club to pay an extra HK$12 billion in tax on its football betting earnings over the next five years to swell government coffers, ...

Posted on 22/06/2023

UBS to start Credit Suisse Asia investment banking job cuts in July

UBS will start cutting Asia investment banking jobs at Credit Suisse next month, three people with knowledge of the matter said, as the banks move towards integrating businesses.

Posted on 21/06/2023

UBS to start Credit Suisse Asia investment banking job cuts in July -sources

UBS will start cutting Asia investment banking jobs at Credit Suisse next month, three people with knowledge of the matter said, as the banks move towards integrating businesses. UBS completed its ...

Posted on 21/06/2023

Citic, JPMorgan Replacing CICC in Cainiao’s Hong Kong IPO, Sources Say

Cainiao Network Technology Co., the logistics arm of Alibaba Group Holding Ltd., has seen a reshuffle in the banks that are preparing for its Hong Kong initial public offering, people familiar with ...

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