That’s killing the Hong Kong dollar carry trade by making money more expensive in the city. Rates are likely to remain elevated in July, according to Carie Li, an economist at OCBC Wing Hang Bank. ... ( read original story ...)
4 Takeaways From Hong Kong’s Evolving Protest Movement
The resolution to the growing conflict could affect Hong Kong’s standing as an international business hub and its status as a foothold of democracy in China. Hong Kong is a semiautonomous Chinese ... ( read original story ...)
Analyzing Bank of Montreal (NYSE:BMO) and Boc Hong Kong (NYSE:BHKLY)
42.1% of Bank of Montreal shares are owned by institutional investors. Comparatively, 0.1% of Boc Hong Kong shares are owned by institutional investors. 1.0% of Bank of Montreal shares are owned by ... ( read original story ...)
News Daily: Hong Kong violence and England in World Cup semi-final
Police in Hong Kong have fired tear gas and evicted protesters who occupied its parliament. The territory's chief executive, Carrie Lam, has appealed for peace following what she called an "extreme ... ( read original story ...)
Hong Kong Dollar Jumps Into Strong Half of Band, Hurting Shorts
That’s killing the Hong Kong dollar carry trade by making money more expensive in the city. Rates are likely to remain elevated in July, according to Carie Li, an economist at OCBC Wing Hang Bank Ltd. ... ( read original story ...)
Hong Kong Protests Are Giving Banks a Headache
One may say this is just a sign that the Hong Kong Monetary Authority is doing its job. A shrinkage in the central bank’s aggregate balance causes interbank rates to rise: This is the mechanism that ... ( read original story ...)
Hong Kong protesters storm legislature over extradition bill on China handover anniversary
The extradition legislation has also drawn opposition from the legal profession, commercial groups and foreign countries, reflecting Hong Kong’s status as an international business centre with a ... ( read original story ...)
Asian banks face threat from profit plunge, digital rivals: McKinsey
HONG KONG (Reuters) - Asia-Pacific banks must radically reform ... as rapidly increasing competition from technology firms moving into banking transforms the sector, consultancy McKinsey said. Asian ... ( read original story ...)
You Bank Global Start-up Ceremony Concludes Perfectly in Hong Kong; Its Global Layout Officially Accelerates
Jul 01, 2019 (AB Digital via COMTEX) -- The 1000-personel event of the "World Digital Economy Summit and You Bank Global Start-up Ceremony Hong Kong" was successfully concluded on the afternoon of ... ( read original story ...)
Protesters swarm into Hong Kong legislature, deface chamber
The extradition legislation has also drawn opposition from the legal profession, commercial groups and foreign nations, reflecting Hong Kong's status as an international business centre with a strong ... ( read original story ...)
Calm falls on Hong Kong after protests erupt into extraordinary violence
Police cleared roads near the heart of the financial center, paving the way for business to return to normal following extraordinary violence on the anniversary of Hong Kong's 1997 return to Chinese ... ( read original story ...)
Protesters in Hong Kong break into legislature, paint logos
The extradition legislation has drawn opposition from the legal profession, commercial groups and foreign nations, reflecting Hong Kong's status as an international business centre with a strong ... ( read original story ...)
Hong Kong protesters storm legislature on anniversary of China handover
The extradition legislation has drawn opposition from the legal profession, commercial groups and foreign nations, reflecting Hong Kong’s status as an international business centre with a strong ... ( read original story ...)
Why Hong Kong Is Protesting (and May Do So Again)
1. Isn’t Hong Kong part of China? Yes, but it’s a semi-autonomous region. The city was an outpost of the British Empire for 156 years, during which time it developed into a global business hub. In a ... ( read original story ...)