U.S. stocks closed solidly higher Thursday, recovering a chunk of Wednesday’s ugly loss, ahead of a key update of the banking sector from the Federal Reserve. ( read original story ...)
Central bank yuan bill issuance in HK oversubscribed by overseas investors
China's central bank on Tuesday issued 10 billion yuan ($1.41 billion) of bills in Hong Kong with a coupon of 2.21 percent. The issuance was widely welcomed by overseas investors, with banks, central ... ( read original story ...)
Hong Kong real estate fund stumbles as trade war, coronavirus tip Shanghai commercial property into bear market
Even seasoned bankers and real estate investors, honed by past financial markets and health crises, are no match for the calamity brought by the US-China trade war and the coronavirus pandemic. ( read original story ...)
Hong Kong banks in April recorded strongest surge in deposits in six months, as hot money chased new listings, investment opportunities in city
Hong Kong’s total bank deposits jumped 0.8 per cent in April, their most significant growth in six months, as hot money flowed into the city’s economy to capture new listings and other ... ( read original story ...)
Jetco’s approach to advancing open banking in Hong Kong
As one of the leading financial hubs in the world, Hong Kong is moving at pace to embrace the concept of open banking. Despite COVID-19 derailing momentum—triggered by rising business continuity ... ( read original story ...)
Credit Suisse sees Hong Kong stocks, Asian credit among top bargains this year
Asian credit and Hong Kong stocks are among the best buys for investors this year, and the region is set to benefit from a falling U.S. dollar, Credit Suisse said on Tuesday. ( read original story ...)
HSBC, StanChart Defy U.K. to Endorse Hong Kong Security Law
While not as exposed to Hong Kong as HSBC, the territory is nevertheless Standard Chartered’s biggest market. StanChart Profits Of the $2.4 billion in underlying pretax profits made by the bank ... ( read original story ...)
Hong Kong Activist Believes He’s Main Target of Proposed National Security Law
Hong Kong pro-democracy activist Joshua Wong said he is anticipating being the prime target of a controversial proposed national security law that could be voted on within a few days. Wong and critics ... ( read original story ...)
Senate backs bill to punish China over Hong Kong
The "Hong Kong Autonomy Act" passed by unanimous consent. To become law, it must also pass the House of Representatives and be signed by President Donald Trump. ( read original story ...)
Hong Kong Stock Market May Open Under Pressure.
Ahead of Thursday's holiday for the Dragon Boat Festival, the Hong Kong stock market had alternated between positive and negative finishes through the last five trading days since the end of the ... ( read original story ...)
Hong Kong pro-democracy shops fear China’s new security law
Daniel Lee says a surge of new customers came to his Hong Kong Reader Bookstore after pro-democracy demonstrations erupted in the Chinese-ruled territory last summer, looking for books on political ... ( read original story ...)
Hong Kong activist Joshua Wong says he will be ‘prime target’ of new security law
Hong Kong democracy activist Joshua Wong believes he will be a "prime target" of Beijing's move to impose national security legislation on the Chinese-ruled city that critics say will crush its much ... ( read original story ...)
Exclusive: Support dips for Hong Kong democracy protests as national security law looms – poll
Support for year-long pro-democracy protests in Hong Kong has slipped, now getting the backing of a slim majority, as the city braces for the imposition of Beijing-drafted national security ... ( read original story ...)
US Senate passes China sanctions bill over Hong Kong
Chris Van Hollen, a Democratic senator from Maryland and one of the bill’s co-authors, said the legislation would require the Trump administration to “impose sanctions on individuals in the government ... ( read original story ...)