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 ...
Analysts charmed by HSBC’s earnings push stock price outlook to the most bullish since July 2019
Analysts have raised their consensus price target for HSBC stock to the highest level since July 2019, spurred by gains in its first-quarter performance.
Hong Kong brokerage Solowin files for proposed $17M US IPO
Hong Kong brokerage Solowin Holdings (SWIN) has filed to raise around $17M through a US initial public offering. Solowin didn't disclose terms in its filing, but indicated in its fee schedule that it ...
Hong Kong garment supplier Majestic Ideal files for $11M US IPO
Hong Kong-based Majestic Ideal Holdings (MJID), a provider of supply chain management services for the apparel industry, has filed for an $11M US IPO. Read more here.
Alibaba, HSBC lead sell-off as US banking crisis infects Hong Kong stocks before likely rate increase
Local stocks slide as another bout of banking crisis in the US unsettles investors. Traders are also considering the fallout from another likely round of monetary policy tightening this week.
Hong Kong analysts expect one last Fed rate increase in 2023, but are divided if HSBC and peers will raise prime rates
Twelve analysts surveyed by the Post expect the Fed to raise its key rate this week, with most agreeing it would likely be the last increase in the current cycle They are equally divided if HSBC, ...
Asia Stocks Set to Drop as Bank Woes Hit US Shares: Markets Wrap
Shares in Asia are set to decline after Wall Street fell on renewed concern about the banking sector before a Federal Reserve decision Wednesday where policy makers are expected to raise interest ...
HSBC soothes shareholders by restoring dividend as profit triples
HSBC tripled its profit in the first quarter as rising interest rates boosted its income, beating analyst forecasts and helping the bank pay its first quarterly dividend since 2019. The strong results ...
Hang Seng index analysis after HSBC earnings, Hong Kong GDP data
The Hang Seng index drifted upwards on Tuesday after the stronger-than-expected Hong Kong GDP data and HSBC earnings. The index rose slightly by about 35 basis points even as other Chinese indices ...