The three note-issuing banks - the Hongkong and Shanghai Banking Corporation, Hang Seng Bank (0011) and BOC Hong Kong (2388) - kept the prime rate unchanged at 5.125 perce... The Hong Kong Monetary ... ( read original story ...)
U.S. ‘fanning flames’ of Hong Kong protests: Top China envoy
"It must be pointed out that the U.S. and some other Western governments .... are constantly fanning the flames of the situation in Hong Kong," Yang was quoted as saying by the official Xinhua News ... ( read original story ...)
Hong Kong pulls out all the stops in world IPO race
Hong Kong Exchanges and Clearing is going all out to retain its crown in the global IPO rankings. As Edith Lu reports, the SAR has set its sights on attracting enterprises in the Asia Pacific to list ... ( read original story ...)
Hong Kong’s Latest Protest: Finance Employees Stage a Flash Mob
(Bloomberg) -- Hong Kong finance staffers gathered in the city’s central ... near the offices of major firms including HSBC Holdings Plc, Goldman Sachs Group Inc. and Standard Chartered Plc. They ... ( read original story ...)
After $6 billion M&A spree, insurer FWD eyes China foray ahead of potential IPO
having a strong base in Hong Kong will be pretty compelling,” said CEO Huynh Thanh Phong, while discussing the potential for an initial public offering (IPO). Huynh refused to be drawn on the ... ( read original story ...)
Hong Kong Follows Fed, Cuts Base Rate for First Time Since 2008
“It’s very unlikely for Hong Kong banks to cut their prime rates given the city’s high property prices and strong housing demand.” (Updates to add economist comments.) --With assistance from Alfred ... ( read original story ...)
Hong Kong June retail sales slide, govt says protests dent business
HONG KONG — Hong Kong retail sales, a key part of the city’s economy, felt a growing impact in June from mass protests, government data showed on Thursday. The government said June retail ... ( read original story ...)
Hong Kong protests tension spills over onto Simon Fraser University campus
Tensions over the ongoing protests in Hong Kong are growing globally, spilling over onto university campuses as far afield as Brisbane, Auckland — and now to Burnaby. At Simon Fraser University ... ( read original story ...)
Property stocks hammered again in Hong Kong, as concerns about protests and its economy continue to grow
But HSBC responded by becoming the first of the city’s commercial banks to say it will keep its prime rate steady. Sun Hung Kai plunged 4.1 per cent to HK$121.7, CK Asset Holdings fell 3.6 per cent to ... ( read original story ...)
Hong Kong financial workers stage flash protest
"It will definitely deteriorate the quality of the banking industry. People will migrate out of Hong Kong together with their property," a Standard Chartered retail banking staffer, who gave his ... ( read original story ...)
Hong Kong bankers join call for citywide strike over handling of outcry over extradition bill
The Hong Kong Professional Teachers’ Union ... Staff from HSBC, Standard Chartered, Citibank, Deutsche Bank, JP Morgan and UBS were among those who backed the call, some posting pictures of their ... ( read original story ...)
Hong Kong cuts rates after Fed move, but banks stand pat on funding pressure
HONG KONG (Reuters) - Hong Kong's central bank lowered its benchmark interest rate on Thursday, its first cut since late 2008, tracking a cut in U.S. rates, although tight cash conditions in the city ... ( read original story ...)
Virtual banking – how we embrace it whilst managing the security risks behind?
Experts in the Banking & Finance and Information Security sector converged at the Communications Association of Hong Kong’s Fintech Forum luncheon, sponsored by CITIC Telecom CPC, to explore the hot ... ( read original story ...)
Hong Kong follows US Fed in cutting interest rate for the first time since 2008 as trade war weighs down on world economy
Hong Kong's monetary authority cut the city's base lending rate for the first time in more than a decade, reducing the cost of money in a slowing economy that had been squeezed by a year-long US-China ... ( read original story ...)