Many of the city’s people are seeking refuge in Britain as former subjects who have fled their ostensibly decolonized homeland. ( read original story ...)
Hongkong Land reverses to profitability with US$292 mil earnings for 1HFY2022
Hongkong Land has reversed to profitability with earnings of US$292 million ($405.0 million) for the 1HFY2022 ended June, compared to the HK$865 million loss seen in the same period the year before. ( read original story ...)
BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY) Sees Large Drop in Short Interest
Limited (OTCMKTS:BHKLY – Get Rating) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 100 shares, a decrease ... ( read original story ...)
BOC HK Keeps HKD Prime Rate at 5%
BOC HONG KONG (02388.HK) announced that the HKD prime rate and savings deposit rates will be kept unchanged at an annual rate of 5% and 0.001%, respectively. Related News JPM Fore ... ( read original story ...)
Live news updates: Evergrande puts Hong Kong headquarters on the market as it scrambles to pay debts
Despite the charges, Barclays said it would pay a dividend of 2.5p a share and buy back £500mn of its stock. Overall revenue rose 23 per cent to £6.7bn, compared with the average £6.5bn analyst ... ( read original story ...)
Live news updates: Evergrande puts Hong Kong headquarters on the market for around HK$9bn
Under the plan, recently approved by China’s State Council, or cabinet, the banks will use the PBoC loans along with their own funds, lent at market rates, to refinance stalled real estate projects. ( read original story ...)
China Targets $148 Billion in Financing for Cash-Strapped Developers – FT
China will help property developers by issuing 1 trillion yuan ($148.2 billion) in loans for stalled developments, the Financial Times said on Thursday, as it tries to revive the debt-stricken sector ... ( read original story ...)
Hong Kong Chronicles Institute Debuts First Volume of English Edition of Hong Kong Chronicles on 7,000 Years of Local History in a Dedicated Ceremony
Mr John Lee Ka-chiu and Mr Liu Guangyuan deliver keynote speeches in the presence of over 40 consuls based in Hong Kong ... ( read original story ...)
Hong Kong Financial Secretary Paul Chan says global rate rises, recession will hurt exports, but consumption vouchers will offset impact
City's exports will 'naturally be affected', as interest rates rise in developed economies and the external economic situation continues to worsen, Chan says Private consumption will gain momentum in ... ( read original story ...)
Why betting against the Hong Kong dollar peg is a fool’s errand
The Hong Kong dollar has once again come under pressure, with the Monetary Authority forced to step in and defend the local currency Despite criticism of the peg to the US dollar, the city's ... ( read original story ...)
New York-listed Chinese cloud services provider Kingsoft Cloud files to go public in Hong Kong
Beijing-based Kingsoft Cloud will seek a dual primary listing in Hong Kong, the latest US-listed mainland firm to seek to go public closer to home. ( read original story ...)
HSBC to leave best lending rate in Hong Kong unchanged at 5%
HSBC Holdings said on Thursday it would leave its best lending rate in Hong Kong unchanged at 5%, despite a rise in the base rate of the city's central bank, charged through its overnight discount ... ( read original story ...)
Hong Kong to launch US$637 mln tech fund for startups: report
Hong Kong will launch a HK$5 billion (US$637 million) fund to support startups seeking to reach unicorn status, the city’s Financial Secretary Paul Chan Mo-po said. The government hopes to use the ... ( read original story ...)
Hong Kong central bank raises rates, warns of tighter interbank market
The Hong Kong Monetary Authority (HKMA) on Thursday raised its base rate charged through the overnight discount window by 75 basis points to 2.75%, hours after the U.S. Federal Reserve delivered a ... ( read original story ...)