Bank of China (Hong Kong) Limited (BOCHK) is a leading listed commercial banking group in Hong Kong with strong market positions in all major businesses. It has the most extensive local branch network and diverse service platforms, including about 220 ... ( read original story ...)
UPDATE 1-Hong Kong's central bank raises base rate by 25 basis points
HONG KONG Dec 15 The Hong Kong Monetary Authority on Thursday raised the base rate charged through its overnight discount window by 25 basis points to 1 percentage point. The move from Hong Kong's de facto central bank followed the U.S. Federal Reserve's ... ( read original story ...)
Hong Kong hikes borrowing costs after Fed move
"Hong Kong rates are low relative to inflation," he said. "When US rates normalise and Hong Kong rates rise, this is good for adjusting Hong Kong’s economic structure." - Bloomberg News contributed to this story ( read original story ...)
Hong Kong Property's Fed Blues
He previously was a columnist for Reuters Breakingviews. He has also worked for the Straits Times, ET NOW and Bloomberg News. Hong Kong property investors thought they could pick up pennies in front of the steamroller called the Federal Reserve. ( read original story ...)
Hong Kong stocks end at 4-month low after Fed tightens
Hong Kong stocks slumped to a four-month low, tracking Asian markets, after the US Federal Reserve raised interest rates and rate-path projections. The benchmark Hang Seng index extended early losses to end down 1.8 per cent, at 22,059.40 points. ( read original story ...)
More to join Jetco P2P
Jetco, the largest ATM network in Hong Kong, expects to see local lenders including BOC Hong Kong (2388) and Standard Chartered Bank joining its P2P platform next year.Hang Seng Bank (0011) and Hongkong Shanghai Banking Corporation, which are not part of ... ( read original story ...)
Hong Kong gets cheaper for expats as city falls to 11th most expensive in global survey
Expatriates in Hong Kong can expect fuller wallets in 2017 after the city slipped out of a list of the 10 most expensive cities in the world for expats. But Hong Kong is still a costly place to live compared to five years ago, according to the latest ... ( read original story ...)