Hong Kong held on to its fourth-place ranking globally in the latest study of the world's leading international financial centres, as the city's economy continues to recover from three years of ...
HK maintains financial ranking
Hong Kong maintained fourth place globally in the Global Financial Centres Index 32 Report published today by Z/Yen from the UK and the China Development Institute from Shenzhen. In a statement, the ...
TrueGreen talks up IPO again as refinancing looms
It is understood to have gone cap in hand to existing and new financiers to buy more time for its mooted listing.
Asia-Pacific mixed, Hang Seng rallies 300 points
Stock exchanges across Asia-Pacific region were mixed in the afternoon trading on Thursday as investors digested the Federal Reserve's call to hike interest rates by a quarter-point despite the ...
Hong Kong Central Bank Raises Policy Rate After Fed Hike
The Hong Kong Monetary Authority (HKMA) on Thursday raised its base rate charged through the overnight discount window by 25 basis points to 5.25%, hours after the U.S. Federal Reserve delivered a ...
Asia markets set to fall after Fed raises rates; Hong Kong bucks the trend
Some investors was hoping such an expansion would help prevent the crisis from spreading further. Financial conditions seem to have tightened more than the U.S. benchmark indexes indicate, Federal ...
Hong Kong Raises Benchmark Rate Following Fed Tightening
The Hong Kong Monetary Authority raised its benchmark interest rate by 25 basis points on Thursday, following the lead of the Federal Reserve which hiked rates even as the unfolding bank crisis sent ...
Shareholders bear losses before investors of AT1 bonds: Hong Kong Monetary Authority
Hong Kong's quasi-central bank on Wednesday said investors of additional tier 1 one (AT1) bond should follow equities shareholders in absorbing losses, as market were roiled in the wake of a write off ...
Hong Kong Central Bank Raises Rate After Fed Hike
HONG KONG (Reuters) - The Hong Kong Monetary Authority (HKMA ... The Federal Open Market Committee policy statement also said the U.S. banking system is "sound and resilient". The Most Important Ages ...
Syngenta’s $9.5 bln IPO moves closer with Shanghai bourse hearing
Syngenta's $9.5 billion flotation has moved a step closer after the Shanghai Stock Exchange scheduled a hearing next week for the Swiss agrichemicals and seeds company's listing plan.
Hong Kong Regulator Reassures Creditors on Resolution Hierarchy
The Hong Kong Monetary Authority reassured investors that subordinated debt holders have priority over shareholders when banks are being wound up, in a response to media inquiries regarding creditor ...
HSBC invites Grammy-winner Pharrell Williams to meet its richest Hong Kong clients as it introduces art-finance offering
Wealthy Hong Kong clients of HSBC will dine with Grammy-winning recording artist Pharrell Williams on Wednesday as the bank hosts a series of events to promote the launch of an offering that allows ...
UPDATE 1-China, HK stocks extend rally as banking fears ease, Fed comes into focus
HONG KONG, March 22 (Reuters) - China and Hong Kong stocks rallied for a second day after U.S. banking stocks rebounded overnight on hopes that a global banking crisis has been averted for now, while ...
China Regulator Questions Dalian Wanda on Unit’s HK IPO Plan
China’s securities regulator is scrutinizing a unit of conglomerate Dalian Wanda Group Co. about $4.4 billion in payments it might have to make if a mainland mall business doesn’t go public in Hong ...