Global executives want to see a further easing of Hong Kong's COVID-19 restrictions and it's crucial for the China border to reopen so the financial hub can reconnect with the mainland, the head of ...
Covid-scarred Hong Kong seeks return to normality in rowdy Sevens
For some of those in the raucous South Stand at the Hong Kong Sevens rugby tournament this weekend, it was if the city’s past three years of Covid restrictions and political crackdowns had never ...
Hong Kong leader John Lee shrugs off absence of threee top bankers from key financial summit, insists city ‘full of vigour and energy’
Hong Kong leader John Lee Ka-chiu has shrugged off concerns over three top bankers pulling out of the city’s first mega financial summit since the Covid-19 pandemic began, as he struck a cautiously ...
High-level banking summit shows Hong Kong has returned to normality, finance chief Paul Chan says
Financial secretary says attendees have shared that their experience in city is 'different from what they have seen in foreign media outlets' City needs to strengthen investment by wooing firms and ...
Hong Kong No 2 official condemns Wall Street Journal’s ‘ill-intended and gravely biased’ editorial on mega financial summit
Chief Secretary Eric Chan writes to New York-based paper’s editor, saying piece is a ‘brazen demonstration of disrespect’ for financial leaders who attended.
Hong Kong’s currency intervention pushes key banking liquidity indicator below HK$100 billion mark
Aggregate balance fell below HK$100 billion after the Hong Kong Monetary Authority intervened to defend currency peg during New York trading hours Lower liquidity will add pressure on more local banks ...
Weak Markets Overshadow Sunshine Insurance IPO Plan
Sunshine Insurance could become China’s 10th listed insurer with its new Hong Kong IPO application, but has warned its profit could drop this year on falling investment returns ...
Hong Kong’s Hang Seng index closes 5% higher on China reopening speculation; Asia markets mixed
Hong Kong’s Hang Seng Index briefly rose 4%, while the Hang Seng Tech index climbed 5.33%. In mainland China, the Shenzhen Component inched up 0.892%, while the Shanghai Composite Index climbed 0.79%.
HSBC top shareholder Ping An urges aggressive cost cuts, renews spin-off push
HSBC Holdings' largest shareholder Ping An has urged the lender to cut costs aggressively and exit sub-scale non-Asian markets as the Chinese financial conglomerate pushes harder for the bank to spin ...
Ping an Urges HSBC to Make Aggressive Cost Cuts
HSBC should be "more aggressive in radically reducing costs" and consider layoffs, Ping An Asset Management, the bank's largest shareholder and a wholly-owned unit of Ping An Insurance, said in a ...
HK to ensure resilient global financial market
They made the remarks at the investor conversation session of the Hong Kong Monetary Authority's Global Financial Leaders' Investment Summit held on Thursday. Hong Kong Financial Secretary Paul Chan ...
China’s Giant Biogene jumps nearly 22per cent in Hong Kong trading debut
Giant Biogene shares rose almost 22per cent on Friday as the Chinese company debuted on Hong Kong's stock exchange after raising US$70 million in its initial public offering (IPO).The company's shares ...
HSBC raising best lending rate to 5.375% after Hong Kong rate hike
HSBC Holdings said on Thursday it is raising its best lending rate in Hong Kong by 25 basis points to 5.375% effective Nov. 4 after the city's de facto central bank raised the base rate charged ...
Mainland Chinese banks, banned from crypto assets at home, weigh services in Hong Kong after policy change
Unlike Hong Kong, the mainland Chinese government regards cryptocurrency as a threat to financial stability and strictly prohibits banks from dealing with cryptocurrencies such as bitcoin. Last year, ...