Domino's Pizza's exclusive master franchisee in the China Mainland, the Hong Kong Special Administrative Region of China, and the Macau Special Administrative Region of China, is speeding its China ...
BOCHK To Raise HKD Prime Rate to 5.75%
BOC HONG KONG (02388.HK) announced that it will move up the HKD Prime Rate from 5.625% to 5.75% p.a., and the HKD Savings Deposit Rates from 0.625% to 0.75% p.a., with effect from next Monday (8th).
Hong Kong raises base rate to fresh 15-year high while Federal Reserve signals a pause to aggressive US policy tightening
The HKMA raised its key rate to a 15-year high, in what could be the last hike in 2023; it also intervened in the currency market to defend the Hong Kong dollar Analysts surveyed by the Post were ...
HSBC to Raise Hong Kong Best Lending Rate to 5.75%
HSBC will raise its Hong Kong dollar best lending rate from 5.625% to 5.75% with effect from Friday, the bank said in a statement on Thursday, following the territory's central bank hiking its base ...
Born in Asia but Based in Britain, HSBC Fights to Stay in One Piece
The global bank’s biggest shareholder, the giant Chinese insurer Ping An, wants HSBC to spin off its profitable Asian operation.
It’s time HSBC’s top owner calms down or sells up
Ping An Insurance , will soon be left with just two good options at HSBC , : sell up or calm down. The Chinese company's push to split up the $150 billion lender is going nowhere. Sticking around as a ...
HSBC pivots away from Asia at just the wrong time
HSBC Holdings Plc made a clear and compelling case for hanging on to its Asian business when its biggest shareholder Ping An Insurance Group started calling for a breakup of the London- and Hong ...
Consumer watchdog says dedicated funds should be set up to finance maintenance and repairs at Hong Kong private housing developments
Disputes over management fees top list of disputes taken to watchdog, study finds Council says about 75 per cent of 85 management firms involved in 249 development projects examined linked to builders ...
Hong Kong’s TOP Financial stock has gained 1,150% over past week
Hong Kong brokerage TOP Financial (NASDAQ:TOP) stock rallied again Wednesday, with shares up 1,150% since last Wednesday's close. Shares of TOP recently changes hands at $84, up 60% from Tuesday's ...
Hong Kong has not suffered capital outflows during current US rate rise cycle, with total bank deposits up, HKMA boss says
Hong Kong has not seen capital outflows during current interest rate rise cycle, with total deposits at local banks increasing during period, says HKMA CEO Eddie Yue Wai-man.
Finance chief Paul Chan signals optimism about Hong Kong economy and predicts growth of up to 5.5 per cent this year if global situation remains stable
Chan upbeat about city's prospects after Legco approves Lee administration's first budget by 82-0 majority Finance secretary says more support for domestic consumption on the cards as city fights to ...
Hong Kong sees Q1 GDP expands by 2.7%, expects faster recovery in Q2
The Hong Kong economy saw an improvement in the first quarter of 2023, led by a strong recovery of inbound tourism and growing local market demand, official data showed. Officials of the major Asian ...
Alibaba, SMIC, Sands drag Hong Kong stocks as US banking crisis infects markets before likely Fed rate hike
Stocks slipped as another bout of banking crisis in the US unsettled Asian markets. Traders are bracing for another round of monetary policy tightening, with eyes on US rate trajectory for the rest of ...
China will not rest until HSBC heads home
IF a bank can have a personality, then HSBC’s is split. There’s the head office in London’s Canary Wharf. And on the other side of the world, in Hong Kong, there is a tower known as “HSBC Main ...