Hong Kong's economy rebounded to record 3.2 percent growth in 2023, benefiting from a rise in inbound tourism and private consumption but weighed down by China's lacklustre post-pandemic recovery.
Hong Kong ‘Underwater Mortgage’ Levels Surge to Two-Decade High
Underwater mortgage” levels in Hong Kong surged to a two-decade high amid a prolonged slump in what’s forecast to be one of the world’s worst property markets this year.
Hong Kong’s Economic Growth Quickened in the Fourth Quarter
By Ronnie Harui Hong Kong's economic growth accelerated in the fourth quarter of 2023, mainly due to inbound tourism and personal consumption. Gross
Hong Kong stocks set for worst month since August as China manufacturing extends slump, Fed to offer no early relief
Bearish investors dominate the local stock market in January, as China’s lack of stimulus shows up in weak manufacturing data. With the Fed seen on hold, there won’t be any early relief for the city’s ...
The Chinese transformation of Hong Kong is almost complete
As Westerners are leaving, professionals from the mainland are taking their place. Hong Kong overtook Switzerland to become the world’s largest cross-border financial centre last year, as a result of ...
Kai Tak a hit with Hong Kong buyers at Housing Authority sale of about 9,000 subsidised flats
Kai Tak a draw for buyers of subsidised flats because of good transport links and views across Victoria Harbour and sports park.
Hong Kong’s banks report a bumper year in 2023 as record interest rates bloat margins and fatten pre-tax profits
Hong Kong banks’ net interest margin – the gap between the rate charged on loans and the interest paid for deposits – widened last year to the fattest in four years at 1.68 per cent, the HKMA’s data ...
How HSBC became the world’s most accident-prone bank
The Bank of England’s Prudential Regulation Authority (PRA), which keeps Britain’s finance system on an even keel, fined HSBC £57.4m for filing to flag thousands of customers accounts as being ...
More clarity needed on Hong Kong’s Article 23 domestic security law to reassure investors of financial hub status, government adviser says
Executive Council member Ronny Tong urges clearer definition of ‘state secrets’ outlined in consultation on new domestic security law.
Hong Kong’s banks report a bumper year in 2023 as record interest rates bloat margins and fatten earnings
Hong Kong banks’ net interest margin – the gap between the rate charged on loans and the interest paid for deposits – widened last year to the fattest in four years at 1.68 per cent, the HKMA’s data ...
BOC Hong Kong (Holdings) Ltd. ADR
No significant news for in the past two years. Key Stock Data P/E Ratio (TTM) The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing ...
Hong Kong gets a second draconian national-security law
H ONG KONG has a constitutional duty to implement its own national-security law, as well as a practical need to do so. So said John Lee, the territory’s chief executive, on January 30th, as he ...
CN VP Meets with HSBC Chair, Hoping to Deepen Mutually Beneficial Cooperation
Chinese Vice President Han Zheng met with HSBC HOLDINGS (00005.HK) Chairman Mark Tucker in Beijing today (22nd), Xinhua News Agency reported. Han said that China is promoting Chine... Chinese Vice ...
Hong Kong banks should play ‘long con’ to reap 2025 growth benefits
Expect lower loan growth in 2024 as economic sentiment remains muted, KPMG experts said. The reduced financial activity will also reportedly have an impact on the fees and commissions earned by banks, ...