Savings accounts with a total relationship balance of HK$1m or above will enjoy a bonus interest of 0.001% per annum. Hang Seng Bank announced that its Hong Kong Dollar (HKD) prime lending rate remain ...
Bank of China HK’s HKD prime rate, savings deposit rate unchanged
Savings accounts with HK$1m will enjoy a bonus rate of 0.001% per annum. Bank of China (Hong Kong) said that its Hong Kong Dollar prime rate remains unchanged at 5.75% per annum. Its HKD savings ...
Hong Kong national security law: Beijing, city authorities warn EU politicians to cease ‘publicity stunts clamouring for sanctions’ against John Lee
China’s foreign affairs office in Hong Kong has warned Western politicians to cease using the financial hub for “publicity stunts” in the name of human rights to “clamour” for sanctions against the ...
Korean crypto contagion, Bank of China on Ethereum, HK’s exchange red carpet: Asia Express
Hong Kong lays out welcome mat for exchanges, Korean crypto lender contagion, Do Kwon banged up abroad, Bank of China's Ethereum debt note.
Huawei’s Chief Financial Officer Makes $1.4 Million Profit Selling Hong Kong Penthouse
Huawei Technologies Co.’s Chief Financial Officer Meng Wanzhou made a profit of more than HK$11 million ($1.4 million) by selling a duplex penthouse in Hong Kong she bought a decade ago.
Banks in Hong Kong Asked to Onboard Crypto Clients: Report
The Hong Kong Monetary Authority (HKMA), the city’s financial regulator, is reportedly urging major banks such as HSBC and Standard Chartered to start taking crypto exchanges as clients, despite the ...
Stock Market News: Cava IPO, GameStop meeting, retail sales, SCOTUS on student loans
Investors continue to debate the impact of the Federal Reserve’s rate pause, retail sales rose in May even with inflation, GameStop’s annual meeting may shed more light on CEO firing and the Supreme ...
Hong Kong calls a recess on rate hiking spree in lockstep with US Fed, but tamps down on euphoria with a warning of remaining ‘risks’
The city's base rate remains at 5.5 per cent, said the Hong Kong Monetary Authority (HKMA), in lockstep with a similar pause by the US Federal Reserve HSBC, Bank of China (Hong Kong), Hang Seng Bank, ...
Wall Street Banks Are Reportedly Retreating from HK IPO Works of Several CN Firms
Wall Street Journal reported that overseas investors have lost confidence in China IPO deals, citing documents submitted to the HKEX (00388.HK). The documents revealed that Goldman Sachs (GS.US) has ...
Solowin to Offer 3.8 Million Shares in IPO
By Denny Jacob Solowin Holdings said Thursday it is offering about 3.8 million shares priced between $4 and $6 a share in its initial public ...
Hong Kong banks outperform on rate hikes
Despite the slowdown in global economic growth in 2022, banks in Hong Kong outperformed as they benefited from high lending rates.
Why Hong Kong wants more banks to accept crypto clients
The FT viewed an April letter sent to banks, including Bank of China, HSBC, and Standard Chartered, in which the HKMA said due diligence should not “create undue burden” to accepting crypto exchanges ...
Hong Kong central bank leaves interest rates unchanged, tracking Fed
The Hong Kong Monetary Authority (HKMA) on Thursday left its base interest rate charged through its overnight discount window unchanged at 5.50 per cent, tracking action by the U.S. Federal Reserve.Th ...
Hong Kong Put Pressure on Three Major Banks to Take On Crypto Exchanges as Clients: Report
The Hong Kong Monetary Authority put pressure on HSBC, Standard Chartered and Bank of China, according to the Financial Times.