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Category: FINANCE

Posted on 16/12/2022

Hong Kong Stocks Track US, European Losses

Hong Kong stocks opened slightly lower Friday morning, extending a sell-off in New York and Europe as traders fretted over central bank plans to push interest rates higher to fight inflation.

Posted on 16/12/2022

WISE moves as financial giant Credit Suisse gives teenage Hong Kong girls a taste of corporate life

Secondary school students visit Credit Suisse office under a programme organised by Women In Sports Empowered Hong Kong Credit Suisse's fundraising efforts for Operation Santa Claus include baking ...

Posted on 16/12/2022

BOC-MICP seizes P11.5M worth of undeclared agri products

An estimated P11.5 million worth of undeclared agricultural products loaded in six container vans were seized at the Manila International Container Port (MICP), the Bureau ...

Posted on 15/12/2022

Hong Kong’s exports set to drop 6 per cent for 2022, but bounce back by 5 per cent next year

Hong Kong Trade Development Council points exporters to opportunities in Asean and mainland China markets against backdrop of a sluggish global economy Middle East and Asean were the only two export ...

Posted on 15/12/2022

Major local banks lift interest rates

HSBC, Standard Chartered and Bank of China (Hong Kong) on Thursday announced raising their best lending rates by 25 basis points following interest ...

Posted on 15/12/2022

ESG reporting: Hang Seng companies have transparency shortcomings

Companies in the Hang Seng Index rank in the midrange internationally in terms of the quality of their ESG reporting. This is the finding of the Global ESG Monitor 2022 (GEM), Regional Report ...

Posted on 15/12/2022

HSBC’s disgruntled HK retail shareholders campaign for spinoff

A small group of HSBC's Hong Kong-based retail investors are seeking support to put a resolution to the bank's 2023 annual meeting calling on it to restore its pre-pandemic dividend and set a plan to ...

Posted on 15/12/2022

Alibaba, Nio Fall Over 2%: Hang Seng Weakens After Fed Sees Rate Hikes Through Next Year

Hong Kong stocks witnessed a sell-off on Thursday despite the Federal Reserve’s 50 basis points rate hike being on anticipated lines as central bank officials projected rate increases through next ...

Posted on 15/12/2022

HSBC’s disgruntled shareholders launch new campaign for spinoff

A small group of HSBC's Hong Kong-based retail investors are seeking support to put a resolution to the bank's 2023 annual meeting calling on it to restore its pre-pandemic dividend and set a plan to ...

Posted on 15/12/2022

Hong Kong Central Bank Hikes Rate By 50 Bps

The Hong Kong Monetary Authority lifted its benchmark rate by 50 basis points on Thursday, following the policy announcement of the ...

Posted on 15/12/2022

HSBC, under pressure on climate policies, to stop funding new oil and gas projects

The bank says it will still provide financing and advisory services to energy sector clients at the corporate level, if consistent with its net-zero goals.

Posted on 14/12/2022

HSBC updates climate policy to stop funding new oil and gas

British banking giant HSBC announced Wednesday it will no longer finance new oil and gas fields as part of its updated climate strategy.

Posted on 14/12/2022

HSBC to stop funding new oil and gas fields

A logo of HSBC is displayed at the financial Central district in Hong Kong, China November 23, 2017. REUTERS/Bobby Yip/Files ...

Posted on 14/12/2022

Fresh ideas promised as new faces make up most of the hopefuls aiming for spots in Hong Kong delegation to China’s legislature

Observers call on new representatives to the National People's Congress to be more outspoken in local politics to safeguard Beijing's interests 21 out of the 36 current Hong Kong deputies will not be ...

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