Hong Kong's chief executive, John Lee, has tested positive for COVID-19 after returning from an Asia-Pacific Economic Co-operation (APEC) summit in Bangkok, where he met Chinese President Xi Jinping ...
Hong Kong stocks fall 2% in Asia session; China keeps benchmark lending rates on hold
Shares in the Asia-Pacific fell on Monday as China's central bank kept its benchmark lending rates, or loan prime rates, on hold.
OCBC wants to grow in S’pore, Malaysia and HK; sees longer-term opportunities in Indonesia
SINGAPORE - The local market continues to present opportunities for OCBC Bank, and Mr Sunny Quek, its newly appointed head of global consumer financial services, has set out his vision to grow the ...
HSBC celebrates digital transformation
Bangladesh jointly with Bangladesh Bank and National Board of Revenue (NBR) has opened up new opportunities for its clients through enabling online statutory payments (value-added tax (VAT), VAT ...
HSBC CEO defends working with Chinese authorities in Hong Kong
Beijing and HSBC are staying in Hong Kong for the long run, and there's not much anyone can do about it. That's the conclusion of a British parliament hearing with the bank's boss on Tuesday. HSBC ...
Hong Kong’s Cathay Pacific says rising demand to improve financial situation, but warns of ‘substantial’ annual loss
It is now our expectation that the second half of 2022 will be operating cash generative overall,’ Ronald Lam says.
BoC foils bid to smuggle P80M worth of gold gems
GOLDEN SMUGGLE TRY. Operatives of the Bureau of Customs at the Ninoy Aquino International Airport foil an attempt to smuggle an estimated P80 million worth of gold jewelry concealed at the lavatory of ...
Central Bank Prospects, Pandemic Undercut Asian Exchanges
MT Newswires Primary Image In Japan, the Nikkei 225 opened higher, wobbled and then finished off 0.1% after Federal Reserve official James Bullard on Thursday signaled that more rate hikes are on the ...
Gold luck! BOC stunned to find gold jewels worth P80M on plane toilet
The BOC said in a statement that the bundles of jewelry weighing 24 kilos in total were discovered hidden inside the toilet of aircraft PR 301, which arrived from Hong Kong on November 17. It noted ...
Gold luck: BOC accidentally finds P80-M gold pieces of jewelry in airplane toilet
The BOC said in a statement that the bundles of jewelry weighing 24 kilos in total were discovered hidden inside the toilet of aircraft PR 301 which arrived from Hong Kong on November 17. According to ...
Property risks manageable for Hong Kong banks: analyst
Hong Kong banks’ profitability will be supported by strong net interest margins in 2023, whilst property-related risks should be manageable. Stronger net interest margins should support bank ...
Sunshine Insurance Said to Win HKEX Approval for $1 Billion IPO
China’s Sunshine Insurance Group Co. has received approval from the Hong Kong stock exchange for an initial public offering that could raise about $1 billion, according to people familiar with the ...
Could Hong Kong really become China’s proxy in crypto?
Roughly a few days after, on Oct. 21, Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hu, shared his city’s fintech plans, among other efforts, directed at “transferring ...
Growatt Receives HKEX Approval for $1 Billion Hong Kong IPO, Sources Say
Growatt Technology Co., a Chinese solar energy device maker, has received approval from the Hong Kong stock exchange for an initial public offering, according to people familiar with the matter.Most R ...