Category: FINANCE

A debt crisis in the property sector and an economy hobbled by a zero-Covid policy have left small lenders struggling. This could spell trouble for millions of individual savers. ( read original story ...)

Equities research analysts at Jefferies Financial Group upped their FY2023 earnings per share estimates for BOC Hong Kong in a research note issued on Thursday, September 1st. Jefferies Financial ... ( read original story ...)

The owner of Chi Kee Sawmill & Timber, Wong Hung-kuen, describes the 75-year-old business as a “temple of carpentry” in Hong Kong. But the city is about to lose its last such temple. The 72 year-old ... ( read original story ...)

Asian equity markets were mixed on light volumes except for China and South Asian equity markets in advance of today’s US jobless number, which came in stronger than anticipated. ( read original story ...)

The U.S. Federal Reserve has terminated a decade-long enforcement action against HSBC Holdings PLC under which Europe's biggest bank by assets was ordered to improve practices after violating money ... ( read original story ...)

An expansion of the eight-year-old Stock Connect scheme will for the first time give mainland traders access to overseas companies listed in Hong Kong, an official said on Friday. ( read original story ...)

Credit Suisse Group AG has been hit by two senior private banker resignations in Hong Kong as the Swiss lender targets a global overhaul following a wave of scandals that triggered billions of dollars ... ( read original story ...)

Non-performing loans to the real estate sector are piling up at China's major listed banks even as they seek to reassure investors that any impact from deteriorating asset quality will be manageable. ( read original story ...)

The HK$45 billion inflation-protected bonds come with a guarantee at least a 4 per cent annual coupon, a variable target pegged to the city's inflation rate Consumer prices rose 1.9 per cent in July, ... ( read original story ...)

A management firm that represents Chinese celebrities is the first this year to suspend an initial public offering in Hong Kong after having started to take orders for its shares, evidencing a ... ( read original story ...)

By Clarence Leong Chinese property manager Onewo Inc., which is majority-owned by China Vanke Co., is preparing to launch an initial public offering in ... ( read original story ...)

A management firm that represents Chinese celebrities is the first to suspend an initial public offering in Hong Kong after having started to take orders for its shares, evidencing a valuation ... ( read original story ...)

The Hong Kong government is planning to offer cash subsidies and simplify immigration requirements to lure global fintech and ESG talent said Christopher Hui, Secretary for Financial Services and the ... ( read original story ...)

The Hang Seng finished sharply lower on Thursday following losses from the financials, casinos, technology stocks and oil companies, while the properties were mixed. For the day, the index plunged 357 ... ( read original story ...)