Hong Kong Monetary Authority data indicated that in 2015, the cost to process each check locally was about HK$15, costing the banking sector about HK$2 billion a year. The territory’s banking ...
Hong Kong ‘Underwater’ Mortgage Levels Hit 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.
Some Hong Kong restaurants and hotels hoping for Messi-inspired boost to business as tourism sector calls for more sporting events
Some restaurants and hotels are hoping to score extra business from the visit of football superstar Lionel Messi and his team Inter Miami to Hong Kong, while the tourism sector has called for more ...
Maverick Director Fruit Chan Set as Filmmaker in Focus at Hong Kong Festival – Global Bulletin
Fruit Chan is the star of the HKIFF, Vividthree strikes share swap deal, OAFF completes its lineup, Majestic Cinemas in voluntary administration.
Hong Kong airport authority’s US$640 million retail bonds to fund new runway prove popular with investors in boost for city’s aviation hub ambitions
The 4.25 per cent, 2.5-year bonds were oversubscribed more than three times, totalling HK$15.69 billion (US$2 billion) from 175,178 applications 'The bonds have been allocated in accordance with the ...
HK banks keep prime rates unchanged
Hong Kong banks kept their prime rates unchanged on Thursday after the Hong Kong Monetary Authority (HKMA) held its base rate steady in line with ...
Hong Kong’s New Security Law Brings Anxiety to Finance Hub
Hong Kong’s leader John Lee has spent the past year trying to revive the city’s business environment that’s been battered by pandemic curbs and China’s economic slowdown. His decision to enact a ...
Hong Kong Insurer FWD Group Cuts Around 50 Jobs – Sources
SYDNEY (Reuters) -Asia-focused insurer FWD Group has cut around 50 jobs in its head offices this week, according to two sources with direct knowledge of the matter. The job cuts took place mainly in ...
UPDATE 1-Hong Kong insurer FWD Group cuts around 50 jobs – sources
Hundreds of jobs have been cut among the major bulge bracket banks as Hong Kong IPO volumes fell to the lowest level in more than 10 years as the result of higher interest rates and ongoing global ...
Hong Kong insurer FWD Group said to have cut around 50 jobs, some in Singapore
SYDNEY - Asia-focused insurer FWD Group has cut around 50 jobs in its head offices this week, according to two sources with direct knowledge of the matter. Read more at straitstimes.com.
Hong Kong Stock Market May Extend Thursday’s Gains
The Hong Kong stock market on Thursday ended the two-day losing streak in which it had tumbled almost 600 points or 3.8 percent. The ...
Chinese mainland, Hong Kong move to promote financial cooperation, connectivity
BEIJING, Feb. 1 (Xinhua) -- China's central bank and the financial authority of the Hong Kong Special Administrative Region have jointly rolled out new measures to strengthen financial cooperation, ...
Hong Kong property deals surge to their highest since August as stable interest rates lure buyers
On Thursday, HSBC, Hong Kong’s largest lender, said it was keeping its prime rate unchanged at 5.875 per cent, while deposit rates were kept steady at 0.875 per cent per annum. Hang Seng Bank also ...
Hong Kong’s New Security Law Brings Fresh Anxiety to Finance Hub
Hong Kong’s leader John Lee has spent the past year trying to revive the city’s business environment that’s been battered by pandemic curbs and China’s economic slowdown. His decision to enact a ...