The Federal Reserve raised benchmark interest rates 75 basis points on Wednesday in a move that equates to the most aggressive hike since 1994. ( read original story ...)
Win Streak May Continue For Hong Kong Stock Market
The Hang Seng Index now rests just beneath the 21,310 ... Henderson Land fell 0.17 percent, Hong Kong & China Gas skidded 1.29 percent, Industrial and Commercial Bank of China lost 0.22 percent, ... ( read original story ...)
Hong Kong at 25: Retrospectives, Reflections and the Future
Our reporting has closely documented how Hong Kong has changed in profound ways as it struggled to solve affordable housing and livelihood issues, as well as social inequality and ... ( read original story ...)
Hong Kong braces for capital outflow after 75-basis point base rate increase in lockstep with US Fed
The Hong Kong Monetary Authority (HKMA) increased the city's cost of money in lockstep with the Federal Reserve's biggest one-time increase in 28 years, taking a step to follow global central banks in ... ( read original story ...)
Hong Kong raises key rate by 75 basis points in lockstep with Federal Reserve hike as finance chief warns of capital flight
Financial Secretary Paul Chan says the US rate rise will lead to more capital outflow from Hong Kong, but the city's banking system has enough liquidity to defend the stability of the local financial ... ( read original story ...)
Hong Kong Sells More U.S. Dollars to Defend Currency Peg
Hong Kong has sold more foreign-exchange reserves to maintain its longstanding peg to the U.S. dollar, taking its total outlay this year to $7.24 billion. ( read original story ...)
HSBC leaves its best lending rate unchanged after HK central bank rate hike
will leave its prime lending rate unchanged in Hong Kong at 5% even after Hong Kong's central bank raised its base interest rate, Reuters reported Thursday. The Hong Kong Monetary Authority ... ( read original story ...)
Hong Kong c.bank raises base rate following Fed, banks stand pat
The Hong Kong Monetary Authority (HKMA) raised on Thursday its base rate charged through the overnight discount window by 75 basis points to 2%, hours after the U.S. Federal Reserve delivered a rate ... ( read original story ...)
Bank of China HK dishes out sponsorship support for HK Palance Museum to promote Chinese culture
The Hong Kong Palace Museum (HKPM), which is set to open on 2 July 2022, has partnered with Bank of China Hong Kong (BOCHK). HKPM will launch a series of arts and cultural activities supported by ... ( read original story ...)
Hong Kong Cuts Isolation Period for Handover Events, SCMP Says
Top Hong Kong officials will only do a three-day hotel quarantine ahead of the city’s July 1 celebrations, according to the South China Morning Post, casting fresh doubt over President Xi Jinping’s ... ( read original story ...)
Senior state officials laud ‘one country, two systems’ policy for Hong Kong, voice confidence in city’s prosperity and ‘quality democracy’
Huang Liuquan, HKMAO deputy director, says anyone betting on demise of city has 'never won' Huang and Liu Guangyuan, commissioner of the Chinese foreign ministry's office in Hong Kong, spoke at ... ( read original story ...)
Credit Suisse Loses Hong Kong Investment Bankers
Turnover is on the rise at Hong Kong’s investment banks amid a soured market outlook with Credit Suisse being the latest to see exits, finews.asia has learned. ( read original story ...)
HSBC leaves best lending rate unchanged at 5% despite c.bank hike
HSBC Holdings said on Thursday it will leave its best lending rate unchanged in Hong Kong at 5% despite the city's central bank raising the base rate. ( read original story ...)
Hong Kong Central Bank Raises Rate By 75 Bps
The Hong Kong Monetary Authority raised its base rate by 75 basis points after the rate hike decision of the U.S. Federal Reserve. ( read original story ...)