The Hong Kong Monetary Authority (HKMA) on Thursday raised its base rate charged via the overnight discount window by 75 basis points to 4.25%, and said households should brace for a period of higher ...
China Evergrande chairman’s Hong Kong mansion seized by bank
A belonging to embattled China Evergrande Group's chairman in Hong Kong's prestigious The Peak residential enclave has been seized by lender China Construction Bank (Asia), records from the Land ...
More than half of Hong Kong companies found it harder to hire talent in past year, survey finds
More than half of Hong Kong companies have found it harder to hire talent in the past 12 months than at any point in the last five years, a job recruitment platform has said, noting corporate sales ...
Exclusive-Morgan Stanley to Start Layoffs in Coming Weeks as Dealmaking Slows -Sources
Wall Street major Morgan Stanley is expected to start a fresh round of layoffs globally in the coming weeks, three people with knowledge of the plan said, as dealmaking business takes a hit due to ...
Explainer: What’s behind Hong Kong’s tightening cash conditions?
A weak Hong Kong dollar and capital outflows have pushed the city's interbank rates to 14-year highs and drained cash levels to their lowest in two years, sparking investor worries about Hong Kong's ...
HSBC raising best lending rate to 5.375% after Hong Kong rate hike
HSBC Holdings said on Thursday it is raising its best lending rate in Hong Kong by 25 basis points to 5.375% effective Nov. 4 after the city's de facto central bank raised the base rate charged ...
Hong Kong exiles in UK unnerved by ‘weak’ response to beating of protester
Activists fear for their safety after limited UK riposte to assault on demonstrator outside Chinese consulate ...
Hong Kong’s stock market halts trade when a typhoon warning is issued – the CEO says that may change
"We're always looking at how we can enhance the microstructure of our markets, to make sure that investors can participate all the time," says HKEX CEO Nicolas Aguzin.
Evergrande chairman’s Hong Kong mansion seized by bank – media report
A belonging to embattled China Evergrande Group's chairman in Hong Kong's prestigious The Peak residential enclave has been seized by lender China Construction Bank (Asia), local online news outlet ...
Why Hong Kong is still the gateway to China
Hong Kong’s Financial Services Development Council (FSDC), established to promote that city’s financial services industry, says that now makes the GBA the wealthiest region in the world. Hong Kong’s ...
Mainland Chinese banks, banned from crypto assets at home, weigh services in Hong Kong after policy change
Unlike Hong Kong, the mainland Chinese government regards cryptocurrency as a threat to financial stability and strictly prohibits banks from dealing with cryptocurrencies such as bitcoin. Last year, ...
Hong Kong’s Hang Seng jumps sharply, other Asian markets follow
SYDNEY, NSW, Australia - Stocks in Hong Kong and mainland China jumped sharply on Tuesday, triggering a regional rush to equities. The Hang Seng in Hong Kong surged 768.25 points ...
Hong Kong Touts Its Reopening to Wall Street Despite Covid Controversies, Typhoon
The city’s financial summit drew executives from Goldman Sachs and Morgan Stanley, among others, but featured little debate.
Hong Kong’s New Visa and Property Tax Regulations to Attract Foreign Talents
Hong Kong is lowering property taxes and relaxing visa requirements for non-permanent residents to draw in international talent.