Category: FINANCE

Investors have been disappointed as the central bank offered a token move to cut banks' reserve requirement ... Alibaba Group surged 9.4 per cent to HK$96.50, Meituan gained 7.9 per cent to HK$160.70 ... ( read original story ...)

Hong Kong stocks dropped, dragging the city’s benchmark index ... following underwhelming moves by the central bank. Zhang Shidong is based in Shanghai and reports on business for the Post. He joined ... ( read original story ...)

Insights: Hong Kong wrestles with the need for a central bank digital currency. Technician's take: BTC's current price action is similar to what occurred in 2018-2019. Catch the latest episodes of ... ( read original story ...)

Some of the key players profiled in the study are Kiwibank, BNZ, ANZ, Heartland Bank, CBI Bank, Axis Bank, HSBC HK, NAB, Leaders Credit Union, Sandhills Credit Union, Leader Bank & Swissquote. Get ... ( read original story ...)

HSBC’s research shows most people in city control spending and pay bills, but those ranked ‘very fit’ have greater financial resilience and save faster for down payment on property ... ( read original story ...)

Figure for March marks first decline since October 2020, as trade hit by scores of city’s drivers becoming infected ... ( read original story ...)

Mixed results. Limited, HSBC is currently heavily investing in Asia with the wealth management being a key division to monitor. Concern on CET1, buyback suspended. Neutral rating. We prefer other ... ( read original story ...)

The bank’s pre-tax profit of US$1.49 billion in the first quarter beat a consensus estimate of US$1.04 billion even as its business in Hong Kong took a battering from Covid-19 restrictions. ( read original story ...)

The Hong Kong Monetary Authority has invited public feedback about its central bank issued digital currency, known as e-HKD. ( read original story ...)

Hong Kong is pushing ahead with its exploration of a retail central bank digital currency, launching a discussion paper on the policy and design aspects of a potential e-HKD. ( read original story ...)

Welab Bank, a virtual bank licensed by the Hong Kong Monetary Authority, will launch its Goweath Digital Wealth Advisory for some of its customers. The bank is the first virtual bank in Hong Kong ... ( read original story ...)

The HKMA first announced a plan to study the potential introduction of a digital form of the Hong Kong dollar in June last year The authority has not yet committed to introducing e-HKD, saying it will ... ( read original story ...)

The authority is studying design considerations such as issuance, interoperability with other payment systems, privacy and data protection. ( read original story ...)

Hong Kong’s latest moves to ease travel into the financial hub are getting a lukewarm reception from the business community and airlines. After months of criticism, the government is loosening a ... ( read original story ...)