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 percent, tracking a move by the US Federal Reserve.
Stock market today: Wall Street joins a global market rally after the Fed’s big rate cut
Wall Street is roaring toward records as a delayed reaction of jubilation sweeps markets worldwide following the Federal Reserve’s big cut to interest rates. The S&P 500 was 1.6% higher in early trading Thursday and above its all-time closing high set in July.
FS calls on Ministry of Finance
Mr Chan thanked the Ministry of Finance for its staunch support to Hong Kong in various areas. He then had in-depth exchanges with Mr Lan on the economic and financial situations of the Mainland, Hong ...
Hong Kong Makes First Rate Cut Since 2020, Boosting Economy
Hong Kong’s beleaguered real estate market looked set for some relief after the city cut its base interest rate for the first time since 2020, mirroring the Federal Reserve’s policy easing.Most Read ...
Hong Kong-listed CSPC Pharmaceutical to buy back shares worth $640 million
Hong Kong-listed CSPC Pharmaceutical said on Thursday it would buy back shares worth up to HK$5 billion ($640 million) in the next two years.The drugmaker, which has already spent about HK$773 million under its ongoing HK$1 billion buyback programme,
Hong Kong’s property market set to revive gradually as rate cuts buoy sentiment, demand
The first rate cut should lure more homebuyers back to showrooms, and prices are appealing after a 25 per cent slump from peak, analysts say.
Midea’s Shares Jump on Hong Kong Debut After Raising $4 Billion
Shares of Chinese appliance maker Midea Group Co. rose in their debut after Hong Kong’s biggest listing in three years, reviving hopes of a turnaround for the city’s struggling market.
Two Hong Kong men jailed for seditious acts under new security law
A Hong Kong judge on Thursday jailed two men in the city's first sedition cases under a new national security law - one for wearing a shirt with a protest slogan and another for writing similar ...
First people are sentenced under Hong Kong’s tough new security law
A Hong Kong court has sentenced the first two people under a tough new Hong Kong national security law, including a man who was given 14 months in prison for wearing a T-shirt with a protest slogan.
Undiscovered Gems in Hong Kong to Watch This September 2024
As global markets navigate a complex landscape marked by interest rate cuts from the ECB and anticipated actions by the Fed, Hong Kong's market has shown resilience, with its benchmark Hang Seng Index recently giving up only 0.
Asia’s super rich prefer single-family offices to multi-family ones for tighter control of wealth
Smaller single-family offices may seek to consolidate to mitigate higher operating costs. Read more at straitstimes.com.
Hong Kong investigators say Cathay Pacific’s A350 engine defect could cause ‘extensive’ damage
Hong Kong aviation investigators say an engine problem that caused Cathay Pacific to ground its entire fleet of Airbus A350 jets for inspection earlier this month could have escalated into “extensive ...
Hong Kong-listed CSPC Pharmaceutical to buy back shares worth $640 mln
Hong Kong-listed CSPC Pharmaceutical said on Thursday it would buy back shares worth up to HK$5 billion ($640 million) in the next two years.
Hong Kong man jailed for ‘seditious’ T shirt
A Hong Kong man has been sentenced to 14 months in jail after pleading guilty to sedition for wearing a T-shirt with a protest slogan on it.The jail term is the first handed down by the city's court under a new local national security law that was passed in March.