The Hong Kong government tapped five banks, namely HSBC HOLDINGS (00005.HK), Credit Agricole CIB, BOC HONG KONG (02388.HK), ICBC Asia and UBS, and set up a working group to explore... It was expected ...
China stocks rise after five banks cut interest rates; HK down on gaming rules
Hong Kong's Hang Seng Index fell 0.4% ... Five of China's largest state banks, including Agricultural Bank of China and China Construction Bank, cut interest rates on some deposits from Friday, ...
Hong Kong stocks slide as Tencent, NetEase tumble more than 7% on China’s new regulatory strike on online gaming
Limiting the losses, China’s top lender ICBC gained 0.5 per cent to HK$3.70, while peer Construction Bank added 0.2 per cent to HK$4.52 and HSBC rose 0.7 per cent to HK$61.70. The People’s Bank of ...
Hong Kong budget deficit calls for tough decisions with more storms looming
Finance chief Paul Chan faces unwelcome challenge in trying to balance slumping financial reserves with demands of a city still seeking to recover from Covid-19 Warnings of a looming government budget ...
Hong Kong stocks rise for third day as China pledges monetary easing, top banks cut deposit rates to aid recovery
Hong Kong stocks rose for a third day after China’s biggest lenders cut deposit rates in a move to protect margins and spur consumption in the struggling economy. The central bank also pledged to keep ...
BOC HONG KONG (02388.HK) Strengthens Authentication for High Risk Transaction
BOC HONG KONG (02388.HK) announced that in order to strengthen the protection of its credit card customers, it will further enhance its "High Risk Transaction Authentication&q... BOC HONG KONG ...
Operation Santa Claus: Morgan Stanley racks up new fundraising record, banking HK$5.5 million for Hong Kong charities
Over its 27-year partnership with OSC, Morgan Stanley has donated nearly HK$60 million, benefiting more than 310 charity projects.
Hong Kong identifies yuan trading, talent growth and green finance as areas for cooperation with Vietnam and Laos
Hong Kong sees yuan trading, talent development and green finance as three potential areas of cooperation to boost its ties with Vietnam and Laos, top treasury official Christopher Hui says in a blog ...
With a $3.8 Million Investment, You Can Gain Residency in Hong Kong
The Asian metropolis has decided to grant residency to those who invest 30 million Hong Kong dollars ($3.8 million) into it, Bloomberg reported on Tuesday. The Capital Investment Entrant Scheme, as ...
Hong Kong banks to share account data to ‘improve efficiency, lower costs’ under HKMA pilot scheme
HSBC, Bank of China (Hong Kong), China Citic Bank and DBS Bank, are among the lenders participating. Some of the city's digital banks such as Livi Bank, Welab Bank and ZA Bank, will also take part in ...
China’s Huawei could be the surprise IPO of 2024
Huawei’s CEO Ren Zhengfei always insisted that the telecoms giant he founded will never become a publicly traded company and that it would instead focus on working for the bigger ideals of society. An ...
Mox Invest: Standard Chartered’s HK-based Mox Bank launches fractional trading platform
Mox Invest allows customers to easily trade Hong Kong equities and create U.S. stock equity portfolios, including through U.S. fractional securities trading. Additionally, Mox Invest allows customers ...
Hong Kong’s problems trace back to China. And also America
The high cost of capital may have encouraged firms to run down their inventories, contributing to the sharp slowdown in growth in the second quarter, argues Goldman Sachs, a bank. The currency peg has ...
Hong Kong unveils new capital investment entrant scheme
HONG KONG -- The Hong Kong Special Administrative Region (HKSAR) government has announced the details of the new capital investment entrant scheme (CIES), with a view to further enriching the talent ...