Category: FINANCE

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 ...)

HSBC HOLDINGS (00005.HK) announced that it had repurchased a total of 3.1756 million shares in London and Hong Kong yesterday (15th), involving a total of approximately HKD160 million. HSBC ... ( read original story ...)

Rising interest rates in Hong Kong are pushing up costs for homeowners and threatening to drive down prices in the world’s most expensive housing market. With the US Federal Reserve (Fed) hiking rates ... ( read original story ...)

Photo taken on July 14, 2020 shows the Golden Bauhinia Square in south China's Hong Kong. (Xinhua/Wu Xiaochu) Editor's note: On July 1, 1997, China resumed the exercise of sovereignty over Hong Kong ... ( read original story ...)

Yahoo will host virtual concerts and exhibitions featuring celebrities and influencers for Hong Kong residents on the Decentraland metaverse, the company announced on Wednesday. See related story: ... ( read original story ...)

Newly public Zhong Yang (TOP), a Hong Kong-based online brokerage, saw its stock soar 40% midday Wednesday, with shares halted several times for volatility ... ( read original story ...)

Government agents assigned at the Ninoy Aquino International Airport have seized a Hong Kong-bound shipment of cocaine worth more than ... ( read original story ...)

On July 1, 1997, China resumed the exercise of sovereignty over Hong Kong and the Hong Kong Special Administrative Region was established. Since its return to the motherland, Hong Kong has been on a ... ( read original story ...)

China's Ministry of Finance issued this year's first batch of renminbi treasury bonds in Hong Kong on Wednesday, according to a statement on its website. The first batch worth 7.5 billion yuan (about ... ( read original story ...)

Hong Kong's de-facto central bank bought HK$9.255 billion ($1.18 billion) from the market in New York trading hours to stop the local currency weakening and breaking its peg to the U.S. dollar. The ... ( read original story ...)

Republican Steve Daines questioned whether HSBC faced outside pressure to suspend the top asset manager, and accused the financial industry of being engaged in ‘groupthink’ on climate change. ( read original story ...)

Logistics platform operator GoGoX plans an initial public offering here next week, a sign that China's crackdown on the tech industry might be letting up. GoGoX, which has been dubbed "Uber for ... ( read original story ...)

Hong Kong's de facto central bank stepped into the currency market ahead of an expected US interest rate rise on Thursday, as it seeks to defend the local dollar against the weakening effects of ... ( read original story ...)

The Hong Kong dollar has been tied to its U.S. equivalent since 1983, helping underpin the city's emergence as one of the world's major financial centers. The monetary authority stands ready to sell U ... ( read original story ...)