Savings accounts with HK$1m will enjoy a bonus rate of 0.001% per annum. Bank of China (Hong Kong) said that its Hong Kong Dollar prime rate remains unchanged at 5.75% per annum. Its HKD savings ...
Hong Kong national security law: Beijing, city authorities warn EU politicians to cease ‘publicity stunts clamouring for sanctions’ against John Lee
China’s foreign affairs office in Hong Kong has warned Western politicians to cease using the financial hub for “publicity stunts” in the name of human rights to “clamour” for sanctions against the ...
Hong Kong interbank rates rise; one-week Hibor climbs to highest in 16 years
Hong Kong interbank rates rose across all tenors on Friday, with the overnight interbank offered rate rising the most, climbing to the highest in four weeks. The overnight Hong Kong interbank offered ...
How Instagram helped ‘hummus guy’ pilot start his business in Hong Kong selling Middle Eastern dips while grounded during the pandemic
You'd go into the kitchen, and mom was there peeling chickpeas and she'd get you to put your hands into the water and start [helping]." When Sharon grew up, hummus became a staple on his own dinner ...
Korean crypto contagion, Bank of China on Ethereum, HK’s exchange red carpet: Asia Express
Hong Kong lays out welcome mat for exchanges, Korean crypto lender contagion, Do Kwon banged up abroad, Bank of China's Ethereum debt note.
Huawei’s Chief Financial Officer Makes $1.4 Million Profit Selling Hong Kong Penthouse
Huawei Technologies Co.’s Chief Financial Officer Meng Wanzhou made a profit of more than HK$11 million ($1.4 million) by selling a duplex penthouse in Hong Kong she bought a decade ago.
Banks in Hong Kong Asked to Onboard Crypto Clients: Report
The Hong Kong Monetary Authority (HKMA), the city’s financial regulator, is reportedly urging major banks such as HSBC and Standard Chartered to start taking crypto exchanges as clients, despite the ...
Hong Kong Doubles Effort to Help Crypto Firms Get Legit Banking
Hong Kong regulators are planning a second meeting in less than two months to push banks to offer services to virtual-asset firms as the city seeks to become an international crypto hub.Most Read from ...
First Mover Asia: Hong Kong as Crypto Hub? The City’s Strict Banking Requirements May Be an Obstacle
A Hong Kong-based entrepreneur says that while the digital assets regulation is "overall friendly," banking regulations will make the industry's growth there difficult. ALSO: Bitcoin surges post-BlackRock iShares ETF filing but the rally sputters.
China calls European Parliament’s Hong Kong resolutions ‘publicity stunt’
China's Ministry of Foreign Affairs in Hong Kong said resolutions passed by the European Parliament on Thursday related to the Chinese controlled territory were a "despicable act" and "trampled" on ...
Stock Market News: Cava IPO, GameStop meeting, retail sales, SCOTUS on student loans
Investors continue to debate the impact of the Federal Reserve’s rate pause, retail sales rose in May even with inflation, GameStop’s annual meeting may shed more light on CEO firing and the Supreme ...
Hong Kong calls a recess on rate hiking spree in lockstep with US Fed, but tamps down on euphoria with a warning of remaining ‘risks’
The city's base rate remains at 5.5 per cent, said the Hong Kong Monetary Authority (HKMA), in lockstep with a similar pause by the US Federal Reserve HSBC, Bank of China (Hong Kong), Hang Seng Bank, ...
Wall Street Banks Are Reportedly Retreating from HK IPO Works of Several CN Firms
Wall Street Journal reported that overseas investors have lost confidence in China IPO deals, citing documents submitted to the HKEX (00388.HK). The documents revealed that Goldman Sachs (GS.US) has ...
Treasury Official Visited Hong Kong Amid Push for US-China Thaw
A senior Treasury Department official traveled to Hong Kong last week, in a sign of growing US efforts to revive engagement with China after a broader deterioration of relations between the world’s two largest economies.