The Hong Kong Monetary Authority (HKMA) raised its main policy rate on Thursday, following the U.S. Federal Reserve's move, even as weakness in its pegged currency forced the de facto central bank to ...
HSBC pivots away from Asia at just the wrong time
HSBC Holdings Plc made a clear and compelling case for hanging on to its Asian business when its biggest shareholder Ping An Insurance Group started calling for a breakup of the London- and Hong ...
Consumer watchdog says dedicated funds should be set up to finance maintenance and repairs at Hong Kong private housing developments
Disputes over management fees top list of disputes taken to watchdog, study finds Council says about 75 per cent of 85 management firms involved in 249 development projects examined linked to builders ...
Hong Kong central bank raises interest rates after Fed hike
The Hong Kong Monetary Authority (HKMA) on Thursday raised its base rate charged through the overnight discount window by 25 basis points to 5.50%, hours after the U.S. Federal Reserve delivered a ...
Hong Kong’s TOP Financial stock has gained 1,150% over past week
Hong Kong brokerage TOP Financial (NASDAQ:TOP) stock rallied again Wednesday, with shares up 1,150% since last Wednesday's close. Shares of TOP recently changes hands at $84, up 60% from Tuesday's ...
Hong Kong has not suffered capital outflows during current US rate rise cycle, with total bank deposits up, HKMA boss says
Hong Kong has not seen capital outflows during current interest rate rise cycle, with total deposits at local banks increasing during period, says HKMA CEO Eddie Yue Wai-man.
Ropes & Gray abandons Hong Kong restructuring practice as leader departs
U.S. law firm Ropes & Gray is shutting down its business restructuring practice in Hong Kong, with its Asia restructuring group leader Daniel Anderson taking his practice to Freshfields Bruckhaus ...
Russian gold is now flooding the UAE, Turkey and Hong Kong after facing sanctions in the West
Russia lost key Western buyers like JPMorgan and HSBC after its gold supplies were sanctioned by the G-7 and EU last year.
Finance chief Paul Chan signals optimism about Hong Kong economy and predicts growth of up to 5.5 per cent this year if global situation remains stable
Chan upbeat about city's prospects after Legco approves Lee administration's first budget by 82-0 majority Finance secretary says more support for domestic consumption on the cards as city fights to ...
Hong Kong sees Q1 GDP expands by 2.7%, expects faster recovery in Q2
The Hong Kong economy saw an improvement in the first quarter of 2023, led by a strong recovery of inbound tourism and growing local market demand, official data showed. Officials of the major Asian ...
Alibaba, SMIC, Sands drag Hong Kong stocks as US banking crisis infects markets before likely Fed rate hike
Stocks slipped as another bout of banking crisis in the US unsettled Asian markets. Traders are bracing for another round of monetary policy tightening, with eyes on US rate trajectory for the rest of ...
FIE fencing Grand Prix: Hong Kong’s Vivian Kong could regain épée world No 1 spot, but coach says it’s not the priority
Hong Kong’s Vivian Kong Man-wai may return to the top after the weekend, while Cheung Ka-long and the men’s foil team head to Mexico to begin Olympic qualification quest.
Qantas Hong Kong Lounge Reopens as Flights to City Return
Qantas Airways Ltd.’s premium lounge at Hong Kong airport reopened Wednesday to traditional Chinese lion dances and showers of confetti, a further sign the city is gradually returning as an ...
Tencent-backed fintech start-up Airwallex’s first-quarter revenue gets a boost from revival in travel
Border reopening has allowed Hong Kong-based SMEs to expand their international operations, Airwallex general manager Arnold Chan says Airwallex's platform covers over 150 nations and handles US$50 ...