HSBC announced the launch of Green Mortgage in Hong Kong for the first time to reward customers for buying residential projects which support sustainable development. The brand-new Green Mortgage is ... ( read original story ...)
Hong Kong police arrest 7 after dozens of victims are cheated in scams involving bogus low-interest loans
The suspects, six men and a woman, aged 20 to 38, were holders of bank accounts that were used to collect the proceeds of crime, police said. ( read original story ...)
Why Chinese insurer Ping An is calling for a break-up of HSBC
HONG KONG/LONDON (FINANCIAL TIMES) - Two decades ago, HSBC made a bold gamble to recapitalise an ailing Chinese insurance firm, paying US$600 million (S$825 million) for 10 per cent of Ping An. The ... ( read original story ...)
Is Hong Kong’s global financial center status being weakened?
Over the past few years, speculation has been rife over whether Hong Kong can maintain its global financial center status against the backdrop of the rising geopolitical tensions between China and the ... ( read original story ...)
Hong Kong reopens beaches, Beijing relaxes quarantine rules
BEIJING (AP) — Hong Kong on Thursday reopened beaches and pools in a relaxation of COVID-19 restrictions, while China’s capital Beijing began easing quarantine rules for arrivals from overseas. Hong ... ( read original story ...)
Tencent-backed KE Holdings gets nod for dual-primary listing in Hong Kong, shares to start trading next week
The Tencent-backed company said that it has received the go-ahead from Hong Kong stock exchange to list its class A ordinary shares on the main board by way of introduction. The shares will start ... ( read original story ...)
John Lee: the former Hong Kong cop Beijing trusts
As a former beat cop who rose to become Hong Kong's security chief, John Lee is the one person China's leaders trust to run the city as their loyal lieutenant, analysts and insiders say. Lee, 64, is ... ( read original story ...)
Hong Kong more unequal, less free as Carrie Lam leaves office
Lam, Hong Kong’s first woman leader, took office promising to heal divisions and tackle livelihood issues, especially a housing crisis. Her term was instead dominated by massive democracy protests and ... ( read original story ...)
Hong Kong’s base rate rises by 50 basis points, as the cost of money makes its biggest one-time jump in more than two decades after US Fed’s decision
"Many mortgage and loan borrowers have never seen such high rates for more than a decade." Hong Kong's commercial banks, which currently maintain their prime lending rates at about 5 per cent, may ... ( read original story ...)
Hong Kong Hikes Benchmark Rate Again After U.S. Fed Tightens
Hong Kong has accelerated its re-opening by lifting ... The benchmark rate hikes will not affect the city’s financial and monetary stability, HKMA Chief Executive Eddie Yue said at a press ... ( read original story ...)
Hong Kong Stock Market Tipped To Reverse Wednesday’s Losses
Hong Kong also will provide March data for retail sales ... a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the ... ( read original story ...)
Insight – Don’t fret for Hong Kong’s dollar peg just yet
With a Covid-weakened business environment and inflation of less than 2%, Hong Kong needs higher borrowing costs like a hole in the head. But it has no choice. Arbitrage relationships limit the extent ... ( read original story ...)
Singapore deal allows SocGen bankers to flee Hong Kong
We’ll send you a myFT Daily Digest email rounding up the latest Societe Generale news every morning. Société Générale made an arrangement with the Singapore government that allowed it to relocate at ... ( read original story ...)
HSBC Split Is a Surefire Way to Destroy Value
The illuminated HSBC Holdings Plc headquarters, center, at night in Hong Kong, China, on Friday, Feb. 18, 2022. HSBC is scheduled to release earnings results on Feb. 22. (Photographer: ... ( read original story ...)