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 ...)
Hong Kong Turns an Old Airport Into Billions Worth of Luxury Condos
Now, the transformation is just one of the many ways Hong Kong is freeing up land in order to boost housing supply and tackle runaway property prices.The government is also considering converting ... ( read original story ...)
Shorting Hong Kong’s Dollar Has Suddenly Turned Unprofitable
It all added up to a rally that pushed the Hong Kong dollar to its strongest in seven months. With interbank liquidity remaining low after the city’s de facto central bank spent billions defending the ... ( read original story ...)
Hong Kong group FWD buys Thai bank Siam’s insurance business
BANGKOK -- Siam Commercial Bank, Thailand's largest lender by assets, has agreed to sell its life insurance business to a Hong Kong-based FWD Group Financial Services after nearly four months of ... ( read original story ...)
Hong Kong IPOs surge 40% in first half despite political turmoil
TOKYO/HONG KONG -- Initial public offerings in the Hong Kong market surged during the first six months of 2019, despite concerns about the city's relationship with mainland China and the outbreak ... ( read original story ...)