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Category: FINANCE

Posted on 17/05/2023

Hong Kong shopping spree for 2,000-strong mainland China tour group as some locals complain about disturbance to daily life

Coach loads of visitors arrive one after another at jewellery shop in Hung Hom after breakfast at To Kwa Wan restaurant.

Posted on 17/05/2023

Hong Kong stocks fall as investors wait on tech earnings, fret over China recovery and US debt-ceiling fight

Investors are looking to tech giants’ earnings reports for positive signs after economic data from China proved underwhelming while the threat of US default over the debt-ceiling fight looms.

Posted on 17/05/2023

Unit of Chinese state-owned developer Greenland to apply for Hong Kong virtual asset trading licence, CEO says

Greenland is the first state-owned enterprise to express interest in entering Hong Kong's market for digital assets Greenland Financial Technology Group aims to trade assets including cryptocurrencies ...

Posted on 17/05/2023

HSBC to Commence USD2B Shr Buyback from Today

HSBC HOLDINGS (00005.HK) announced that it has entered into irrevocable, non-discretionary buy-back agreements with Morgan Stanley & Co. International plc to enable the purchas... HSBC HOLDINGS (00005 ...

Posted on 17/05/2023

HSBC Reported to Acquire Remaining 51% Stake in JV with Shanxi Trust

HSBC HOLDINGS (00005.HK) has reached an agreement with Shanxi Trust, pursuant to which it will acquire the remaining 51% stake in HSBC Jintrust Fund Management -- a joint venture b... HSBC HOLDINGS ...

Posted on 16/05/2023

Amid slower growth, Hong Kong’s economy must change alongside mainland China

Hong Kong has long been a service-based economy reliant on finance, tourism, trade logistics and professional services But as the Chinese economy shifts towards domestic consumption, Hong Kong must ...

Posted on 16/05/2023

Hong Kong leader says China’s sentencing of US citizen exposes national security threats

Hong Kong’s leader says the sentencing on spying charges of a U.S. citizen in China who was also a permanent resident of the semi-autonomous city illustrates that the territory should stay vigilant to ...

Posted on 16/05/2023

Bankers face sluggish hiring market, layoffs in Hong Kong

Bankers seeking a job in Hong Kong should brace themselves for obstacles as banking on human resource investments has seen a slowdown. Hiring experts revealed to Asian Banking & Finance that there is ...

Posted on 16/05/2023

Hang Seng May Reclaim 20,000-Point Plateau

The Hong Kong stock market on Monday ended the four-day losing streak in which it had plummeted almost 675 points or 3.4 percent. The ...

Posted on 16/05/2023

Hong Kong mortgage frenzy sees banks go big on cash rebates

Fierce competition for new mortgage customers is driving banks in Hong Kong to offer the highest cash rebates in nearly two decades.

Posted on 16/05/2023

Swap Connect between Hong Kong, mainland officially launched

The trading of Swap Connect, an interest rate swap market access scheme, was officially launched on Monday, according to the People's Bank of China (PBOC). More than 40 domestic and overseas ...

Posted on 16/05/2023

HSBC aims to grow its Asian business amid pressure from top shareholder Ping An

HSBC has unveiled plans to bolster revenues in its Asia business amid mounting pressure from its top shareholder to improve performance across the region. The banking giant told investors it is aiming ...

Posted on 16/05/2023

Hong Kong may issue retail bonds to fund part of HK$580 billion artificial islands project off Lantau, finance chief Paul Chan says

he adds Hong Kong's finance chief has suggested issuing retail bonds to fund a large part of the controversial HK$580 billion (US$73.95 billion) reclamation project off Lantau, after critics raised ...

Posted on 15/05/2023

Big banks still operating in Hong Kong are playing a dangerous game

The Chinese government has forced banks to deny Chinese emigrants access to their retirement savings. What Beijing will demand next is anybody's guess.

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