Hong Kong moved unexpectedly to raise taxes on share trading by 30%, putting a damper on the city’s stock-exchange operator just as it was unveiling record annual sales and profits. ( read original story ...)
Shares in Hong Kong bourse operator plunge as city hikes trading tax
Shares in Hong Kong’s bourse operator tumbled after the city’s government said it would raise the stamp duty charged on equity trades in the Asian financial hub, threatening the group’s biggest ... ( read original story ...)
Hong Kong to spend $15.4B to stabilize virus-ravaged economy
Hong Kong will introduce pandemic relief measures worth $15.4 billion to help businesses and residents as the city anticipates economic growth later this year ... ( read original story ...)
Hong Kong plans lower budget deficit as economy expected to recover
Hong Kong plans to run a much lower budget deficit in the coming fiscal year as the economy is expected to recover from its longest recession on record, Finance Secretary Paul Chan said on Wednesday. ( read original story ...)
Hong Kong to continue to benefit from mainland’s development: HKSAR finance chief
Hong Kong will continue to benefit from the ongoing development of the mainland and the shift in global economic gravity from West to East, Financial Secretary of China's Hong Kong Special ... ( read original story ...)
Hong Kong plans HK$101.6 bln budget deficit in 2021/22 fiscal year
Hong Kong expects a budgetdeficit of HK$101.6 billion ($13.10 billion) for the 2021/22fiscal year, Finance Secretary Paul Chan said on Wednesday. Pandemic relief measures, including cash handouts ... ( read original story ...)
Citibank Brings Hong Kong Digital Banking Platform Out Of Beta
Citibank announced it is launching Citi Plus, its Hong Kong project which it recently brought out of beta and touts as a way to get people into digital banking. ( read original story ...)
A Banking Breed Is Heading For Extinction
But there’s one particular breed of this type of lender that’s headed for extinction: the global retail bank. While some consumers will still fancy popping into their local bank, why would anyone need ... ( read original story ...)
Credit Suisse, UBS Move Bankers to Mainland China From Hong Kong
Credit Suisse Group AG and UBS Group AG are relocating a number of bankers to mainland China from Hong Kong to better compete for deals after the world’s fastest growing major economy relaxed curbs on ... ( read original story ...)
Standard Charter’s Virtual Bank Mox Update: Now Has 80,000 Customers & Over 1.5 Million Transactions Been Made With Mox Card
Mox, Standard Chartered virtual bang that is based in Hong Kong, announced on Monday its latest progress update. The virtual bank launched in September 2020 and as previously reported, it was created ... ( read original story ...)
Electoral reformers want Beijing ‘patriots’ to run Hong Kong
Beijing continues to tighten its control over Hong Kong as the Communist Party plans to overhaul the electoral system in the semi-autonomous territory. The electoral reforms, which are expected to ... ( read original story ...)
Hong Kong announces over $15 billion budget to lift economy out of recession
Financial Secretary Paul Chan announced measures that include a reduction in profits tax for businesses and consumption vouchers for individuals. ( read original story ...)
Hong Kong stock mixed as traders seek catalysts from Budget plans and Fed signals sustained policy support
Hong Kong markets are looking for catalysts as stock prices fluctuate before the city presents its annual Budget while the Federal Reserve takes a dovish stance on monetary support. ( read original story ...)
Hong Kong Stock Market Likely To Remain Rangebound
The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the seven-day winning streak in which it had surged more than 1,950 ... ( read original story ...)