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Posted on 02/02/2024

Stimulus Moves Give China And Hong Kong Stocks A Lift

Chinese and Hong Kong shares rallied again, propelling the Hang Seng another 545 points higher, a 3.6 percent jump from the previous close. Policy stimulus did not stop there. The central bank also ...

Posted on 02/02/2024

Hong Kong, Korea markets trade higher; India’s Paytm plunges 20%

Private PMI surveys show the worst of the slowdown in manufacturing activity in Asia, outside of China and Japan, could be over.

Posted on 02/02/2024

Hong Kong shares rise as Nikkei 225 declines

Hong Kong's Hang Seng Index HK:HSI increased 0.5% to 15,566.21 ... Shares of commercial banking firm China Merchants Bank HK:3968 and real estate services/transactions company Longfor Group Holdings ...

Posted on 01/02/2024

Hong Kong’s banks hold prime rates steady after Fed’s unanimous vote to ‘keep options open’ on when to start cutting the cost of money

Hong Kong's banks said they would keep their prime rates unchanged in line with the city's monetary authority, offering a breather to businesses and mortgage borrowers as the economy struggles to ...

Posted on 01/02/2024

Economic Watch: 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, ...

Posted on 01/02/2024

HSBC holds prime rate steady after Fed’s unanimous vote to ‘keep options open’ on when to start cutting the cost of money

HSBC led Hong Kong's banks in keeping prime rates steady, following the lead of the city's monetary authority and offering a breather to businesses and mortgage borrowers as the economy struggles to ...

Posted on 01/02/2024

Cathay Cargo Terminal the first cargo terminal operator in Hong Kong to provide full end-to-end digital import process

Leveraging the power of Airport Authority Hong Kong’s HKIA Cargo Data Platform - January 31, 2024 — Cathay Cargo Terminal continues to enhance

Posted on 01/02/2024

Japanese stocks climb for third day as Hong Kong stocks drop

Stocks in the Asia-Pacific region grew Wednesday, Jan. 31, with the Japanese market showing a third day of increases and shares in Hong Kong declining

Posted on 01/02/2024

Double Take: This Singapore Healthtech Startup Develops ‘Digital Twins’ To Manage Chronic Diseases

Mesh Bio on Wednesday raised $3.5 million in funding to double down on its digital twin technology, which produce virtual models, or “twins,” of a patient’s state of health based on their data.

Posted on 01/02/2024

Hong Kong court convicts 4 people of rioting over storming of legislature in 2019 protests

A Hong Kong court convicted four people Thursday for rioting over the storming of the city's legislative council building at the height of the anti-government protests more than four years ago.

Posted on 01/02/2024

HSBC HOLDINGS Buys back ~5.2M Shrs in Total for HKD310M+ Ytd

HSBC HOLDINGS (00005.HK) announced that it repurchased 5.1952 million shares of the company in total yesterday (25th) in the UK and Hong Kong markets, involving a total of over HKD... HSBC HOLDINGS ...

Posted on 01/02/2024

HKMA: Evergrande risk controllable to banking system

The Hong Kong Monetary Authority (HKMA) on Wednesday said the city's banking system does not have high exposure to the debt-ridden developer China Evergrande, but noted the current challenging credit ...

Posted on 01/02/2024

Hong Kong billionaire Richard Li seeks to sell asset manager PineBridge -sources

Rising interest rates and geopolitical tensions have roiled regional asset prices. PineBridge managed about 25% of the assets of Hong Kong-based FWD, an insurance business owned by PCG, as of ...

Posted on 01/02/2024

Chinese-owned Amer Sports’ IPO faces weak U.S. investor appetite

HONG KONG -- Amer Sports, the Chinese-owned sports equipment and apparel maker whose brands include Wilson and Louisville Slugger, will begin trading in New York on Thursday in a listing that is set ...

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