On Friday, the Hong Kong dollar experienced a sudden, sharp spike, which some market watchers attributed to expectations of a rise in bank lending rates and tight cash supply. Facing shrinking ... ( read original story ...)
Speech by FS at 10th Hong Kong Institute of Bankers Banking Conference (English only) (with photo/video)
Following is the speech by the Financial Secretary, Mr Paul Chan, at the 10th Hong Kong Institute of Bankers (HKIB) Banking Conference today (September 27): Patrick (Chairman of the Executive Committe... ( read original story ...)
Hong Kong raises base lending rate, striking the final nail for more than a decade of cheap funds
The base lending rate was raised by 25 basis points to 2.5 per cent, the Hong Kong Monetary Authority said on its website, effective immediately. The de facto central bank’s chief executive officer No... ( read original story ...)
Hong Kong’s de facto central bank raises base rate after Fed hike
The move comes as officials in Hong Kong, which tracks U.S. rate moves because its currency is pegged to the greenback, have warned of the impact of rising interest rates on the city's homeowners. Lat... ( read original story ...)
Hong Kong IPO Roulette Has Top Money Managers in a Spin
Some of the world’s largest asset managers took a spin on Hong Kong’s IPO roulette wheel, and now they’re stuck. Shares of Meituan Dianping dipped below their offering price on Wednesday, barely one w... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) Washington reiterates stance on trade
That doesn’t make any sense at all,” he told the U.S. Chamber of Commerce. In Greater China markets, Hong Kong’s Hang Seng index traded higher by 1.24 percent as of 3:15 p.m. HK/SIN. Hotpot chain Haid... ( read original story ...)
Hong Kong business schools face China threat
Its education was, too. Mainland Chinese students began flocking to Hong Kong universities after economic reforms were instituted, particularly in business and finance. Non-Chinese foreigners also beg... ( read original story ...)
Cryptocurrency giant Bitmain chooses Hong Kong for IPO
HONG KONG (Reuters) - Bitmain Technologies, the world’s largest designer of products used for mining cryptocurrencies, confirmed it was bringing its IPO to Hong Kong in what will be an important ... ( read original story ...)
4 unique electronics startups to meet in Hong Kong this October
As a trading hub, Hong Kong often plays host to the world’s businesses and investors. With more than 80 exhibitions each year, the port city attracted some 72,000 exhibiting companies and 2.4 million ... ( read original story ...)
Hong Kong Launches First High Speed Rail Service
Hong Kong's bullet train allows visitors to travel quickly and conveniently between Hong Kong and several cities across Mainland China. (Photo: Business Wire) Hong Kong's bullet train allows visitors ... ( read original story ...)
Hong Kong retailers filling up empty shops, sending vacancy rates in tourist areas to 3-year low as landlords cut rents
Business sentiment has been on the upswing this year. More tourists are helping boost sales for street-level retailers in tourist hot spots, property analysts note. Tourist arrivals to Hong Kong incre... ( read original story ...)
Hong Kong property firms scramble to lure buyers as rate hikes loom
HONG KONG (Reuters) - Spooked by the prospect of rising interest rates, a slowing economy and a mounting supply of new apartments, Hong Kong developers are going all out to woo buyers, offering bigger ... ( read original story ...)
Hong Kong stocks slammed as China calls off planned trade talks with Washington
Hong Kong stocks tumbled on Monday ... Lin said that the Hang Seng Index could dive below 26,000. Mainland Chinese financials led the decline. Shares of China Construction Bank, one of the four big st... ( read original story ...)
Hong Kong Interbank Rates Jump to Decade Highs After Currency Surge
Hong Kong’s Hang Seng Index fell about 1.6%, led by property stocks. Markets in Japan, South Korea, mainland China and Taiwan were closed for holidays. Monday’s Big Theme Some of the short-term rates ... ( read original story ...)