HSBC and Bank of China (Hong Kong) trimmed their prime lending rates by a quarter percentage point, leading the first rate cut among Hong Kong lenders since 2019.
Hong Kong’s financial officials warn borrowers to brace for a delay in the cost of funding
The pace of cuts in the prime rate used by commercial banks “may be slower” than those in the United States, warned the Financial Secretary Paul Chan.
Hong Kong probe reveals Cathay Airbus engine failure due to ruptured fuel hose
A probe by Hong Kong's aviation accident investigation agency revealed Cathay Pacific's Airbus A350 engine failed in-flight due to a damaged fuel hose which also showed signs of a fire, the agency's ...
Hong Kong stocks waver as traders weigh prospect of more Fed easing
Hong Kong stocks fluctuated between gains and losses after the Fed hinted it was in no hurry to engage in more aggressive policy easing.
What will drive Hong Kong’s insurance market to reach $127b in 2032?
Chronic diseases and ageing population are driving the demand for life insurance. The Hong Kong insurance market was valued at $72.31b in 2023 and is projected to grow to $127.02b by 2032, with a ...
2 cases have put mental health in focus so how does Hong Kong handle psychiatric patients?
A Hong Kong police officer fatally shot a knife-wielding man on Sunday when he allegedly ignored repeated warnings after attacking his wife and mother in North Point. It was later revealed the man had ...
Hong Kong Bourse May See Profit Taking On Thursday
Ahead of Wednesday's holiday for the Mid-Autumn Festival, the Hong Kong stock market had moved higher in four straight sessions, ...
Maggie Cheung turns 60: from beauty queen, Hong Kong film icon and global stardom to DJing with Aaron Kwok and Nicholas Tse at a recent Gucci party
Her last major roles were 20 years ago – since then, she’s been busy with her music and philanthropic work, and was named Unicef ambassador to China One of the most renowned names in Hong Kong cinema, ...
Hong Kong cuts base rate by half point in lockstep with US Fed’s aggressive bid on economy
Hong Kong cut its base rate cut by 50 basis points for the first time in four years, kicking off a cycle that would help businesses and homeowners Hong Kong's de facto central bank cut its base ...
Hong Kong Cuts Rates for First Time in Four Years as Fed Eases
The Hong Kong Monetary Authority cut its base interest rate for the first time since 2020 after the Federal Reserve eased policy, in a move that should help loosen borrowing conditions in the ...
Hong Kong cuts interest rates for the first time in four years after Fed easing
The cut in Hong Kong will be welcome relief for businesses and consumers, who have faced years of steep borrowing costs.
Hong Kong central bank cuts interest rate, tracks Fed move
The Hong Kong Monetary Authority (HKMA) on Thursday cut its base rate charged via the overnight discount window by 50 basis points to 5.25 per cent, tracking a move by the U.S. Federal Reserve.Hong Ko ...
Hong Kong democracy tycoon’s son warns time running out
US lawmakers on Wednesday vowed to keep up pressure to free Hong Kong pro-democracy media tycoon Jimmy Lai, whose son warned that time was running out. Lai, the founder of the now-shuttered popular ...
Hong Kong Stocks Surge on U.S. Rate Cut Hopes and Midea Group’s Upbeat Debut
Hong Kong stocks climbed in a holiday-thinned trade, driven by local property giants and an optimistic listing of Chinese home appliances maker Midea Group. The Hang Seng index increased by 237.90 ...