Swiss crypto-focused SEBA Bank on Wednesday said it has received an approval-in-principle from Hong Kong's securities regulator that takes it only one step away from offering virtual asset services in ...
Hong Kong Dollar Set for Worst Month Since 1985
(Bloomberg) -- The Hong Kong dollar is poised for its biggest monthly retreat since 1985 as interest rates in the city drop and pessimism toward China’s economy weighs on the stock market. Most Read ...
Chinese bank shares fall on existing mortgages rate cut concerns
Shares in China's banking sector dropped on Wednesday on worries that a reduction in existing mortgage rates will dent the profitability of lenders already reeling from a worsening property sector ...
A Lesson From Hong Kong For Those Who Worry China Hides Bad News
According to Washington Post columnist Catherine Rampell, “The Chinese economy has hit a rough patch.” On their face, comments like these always rate a raised eyebrow: I can’t measur ...
SEBA Hong Kong Awarded Approval-in-Principle by Hong Kong Regulator to Conduct Licensed Crypto Related-Services
HONG KONG--(BUSINESS WIRE)--SEBA Bank, a full-service, global crypto bank providing financial solutions for the digital age (wealth management, investment, trading, and advisory services), has today ...
New 13-member Hong Kong task force set up as part of efforts to boost turnover of sluggish stock market
Group will comprehensively review stock market liquidity, including scrutinising the listing regime, market structure and trading mechanism.
China’s largest bank trading near record low valuation on margin woes
China’s biggest lender is likely to report slower earnings growth, dragged by weak margins and fee income, according to Bloomberg Intelligence analyst Francis Chan.
Hong Kong: Closure of Cantonese language group worries residents
Cantonese is a Chinese dialect spoken by an overwhelming majority of people on the island, as well as the Guangdong province in China. Mr Chan founded the Hong Kong Language Learning Association with ...
China’s Bank of Communications to discuss changing existing mortgage rates: Report
BEIJING: China's Bank of Communications (BoCom) plans to host an internal meeting on Wednesday (Aug 30) to discuss changing rates charged on existing mortgages, financial media outlet 21jingji.com ...
Hong Kong home prices take biggest plunge of year in July, hit 6-month low as mortgage pain bites
The 1.1 per cent monthly price decline in July was the year’s biggest. A total of 2,515 second-hand units were transacted last month, the fewest since 2,512 last November, according to Midland Realty.
Chinese banks to cut existing mortgage rates as property crisis deepens
Some Chinese state-owned banks will soon lower interest rates on existing mortgages, three sources familiar with the matter said on Tuesday, as Beijing ramps up efforts to revive the debt crisis-hit ...
HSBC Buys Back Almost 4.65M Shrs for $275M Ytd
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 4.6467 million shares in the UK and Hong Kong markets yesterday (17th), involving a total of HK$275 million.Of the... HSBC HOLDINGS ...
China Is Cracking Down on Cantonese Language Advocacy in Hong Kong
A Cantonese language advocacy group in Hong Kong stopped operations after local officials raided the family house of its chairman last week over an essay published three years ago.It’s the latest sign ...
Agricultural Bank of China issues profitability warning even as it posts higher-than-expected interim gain
Bank of China (Hong Kong) and Industrial and Commercial Bank of China, will release their interim earnings on Wednesday. ABC shares rose 2.7 per cent to close at HK$2.67 on Tuesday evening. The ...