HSBC Holdings said on Thursday it raised its best lending rate in Hong Kong by 12.5 basis points to 5.125% effective Sept. 23 after the city's central bank raised the base rate charged through its ... ( read original story ...)
Businesses fleeing to Singapore from Hong Kong dealing with soaring inflation costs in city state
With inflation soaring to the highest level in 14 years, expenses are rising at a faster pace in Singapore than in its financial rival, where price increases have been more modest. ( read original story ...)
‘Very high chance’ Hong Kong will end year in recession: Finance Chief
Hong Kong is set to end the year in the midst of a full-blown recession, the city's finance chief warned on Thursday (Sep 22), as COVID-19 controls and spiralling interest rates hammer the economy. ( read original story ...)
Hong Kong homes on the verge of becoming least affordable in 24 years
Hong Kong housing is at risk of becoming the least affordable in 24 years, as rate hikes by the US Federal Reserve drive up borrowing costs in the Asian financial hub ... ( read original story ...)
Cheap mealboxes a taste of Hong Kong’s economic woes
Hong Konger Kitty Chan pivoted to takeout to help her restaurant survive the pandemic, but she has since opened a second shop as demand for cheap ... ( read original story ...)
Hong Kong Could Declare End to Quarantine in Days, Lawmaker Says
Anticipation is mounting that Hong Kong will scrap hotel quarantine for inbound travelers, with an announcement possible in the coming days, as the city tries to maintain its status as a global ... ( read original story ...)
Hong Kong Stocks Tumble to 2011 Low on Fed, Geopolitical Risks
Broad selling on concerns about the Federal Reserve’s relentless campaign to fight inflation and growing US-China tensions sent Hong Kong stocks tumbling to decade lows. Most Read from BloombergPutin ... ( read original story ...)
Hong Kong finance chief says no risk of sharp changes to property prices
Hong Kong Finance Secretary Paul Chan said on Thursday he does not see a sharp risk to the city's property market after the financial centre's de facto central bank raised interest rates in lockstep ... ( read original story ...)
From coloured gemstones to rare diamonds: Jewellery fair to unveil latest trends and showcase 1,000 exhibitors
In celebrating 'collaboration and creativity', Jewellery & Gem World Singapore will show a range of jewellery, including unique designs, everyday essentials and rare vintage pieces, from exhibitors ... ( read original story ...)
Hong Kong Bourse Has Weak Lead For Thursday’s Trade
The Hong Kong stock market saw renewed selling pressure on Wednesday, one session after ending the two-day losing streak in which it ... ( read original story ...)
Singapore’s Rising Costs of Running a Business Outpace Hong Kong
Singapore looks like an attractive location for firms wanting to exit Hong Kong, but they may find a move to the city-state hits their bottom line more than expected. ( read original story ...)
Hong Kong Lifts Benchmark Rate for Fifth Time After Fed Action
The Hong Kong Monetary Authority raised its benchmark interest rate for a fifth time, moving in lockstep with the US Federal Reserve.Most Read from BloombergPutin Calls Up More Troops, Resumes Nuclear ... ( read original story ...)
Hong Kong raises base rate by 75 basis points as slowing US inflation softens Fed’s blow
Hong Kong's base rate will rise to 3.5 per cent effective immediately, the Hong Kong Monetary Authority said All eyes are on Hong Kong's commercial lenders, as to whether they would raise their prime ... ( read original story ...)
Hong Kong Monetary Authority provides update on retail CBDC that may become DeFi onramp
Hong Kong’s equivalent to a central bank has analyzed feedback from an earlier publication creating a local central bank digital currency. ( read original story ...)