HSBC will raise its Hong Kong dollar best lending rate from 5.625% to 5.75% with effect from Friday, the bank said in a statement on Thursday, following the territory's central bank hiking its base ...
Born in Asia but Based in Britain, HSBC Fights to Stay in One Piece
The global bank’s biggest shareholder, the giant Chinese insurer Ping An, wants HSBC to spin off its profitable Asian operation.
It’s time HSBC’s top owner calms down or sells up
Ping An Insurance , will soon be left with just two good options at HSBC , : sell up or calm down. The Chinese company's push to split up the $150 billion lender is going nowhere. Sticking around as a ...
Hong Kong dismantles grassroots direct elections
Hong Kong Chief Executive John Lee said: "We must prevent those who opposed China and stirred up chaos in Hong Kong from hijacking, manipulating, paralysing the District Councils."
“Hello Hong Kong” Mega FAM Trip organized for Indian Travel Trade
The Hong Kong Tourism Board (HKTB) had successfully concluded the Hello Hong Kong mega familiarisation trip for 35 professionals
Hong Kong Stocks Open Slightly Up
Hong Kong stocks opened slightly higher on Thursday after a losing session on Wall Street that followed yet another Federal Reserve interest rate hike.
Hong Kong mirrors Fed rate hike, banking liquidity at fresh 2008 lows
The Hong Kong Monetary Authority (HKMA) raised its main policy rate on Thursday, following the U.S. Federal Reserve's move, even as weakness in its pegged currency forced the de facto central bank to ...
HSBC pivots away from Asia at just the wrong time
HSBC Holdings Plc made a clear and compelling case for hanging on to its Asian business when its biggest shareholder Ping An Insurance Group started calling for a breakup of the London- and Hong ...
Consumer watchdog says dedicated funds should be set up to finance maintenance and repairs at Hong Kong private housing developments
Disputes over management fees top list of disputes taken to watchdog, study finds Council says about 75 per cent of 85 management firms involved in 249 development projects examined linked to builders ...
Hong Kong central bank raises interest rates after Fed hike
The Hong Kong Monetary Authority (HKMA) on Thursday raised its base rate charged through the overnight discount window by 25 basis points to 5.50%, hours after the U.S. Federal Reserve delivered a ...
Hong Kong’s TOP Financial stock has gained 1,150% over past week
Hong Kong brokerage TOP Financial (NASDAQ:TOP) stock rallied again Wednesday, with shares up 1,150% since last Wednesday's close. Shares of TOP recently changes hands at $84, up 60% from Tuesday's ...
Hong Kong has not suffered capital outflows during current US rate rise cycle, with total bank deposits up, HKMA boss says
Hong Kong has not seen capital outflows during current interest rate rise cycle, with total deposits at local banks increasing during period, says HKMA CEO Eddie Yue Wai-man.
Ropes & Gray abandons Hong Kong restructuring practice as leader departs
U.S. law firm Ropes & Gray is shutting down its business restructuring practice in Hong Kong, with its Asia restructuring group leader Daniel Anderson taking his practice to Freshfields Bruckhaus ...
Russian gold is now flooding the UAE, Turkey and Hong Kong after facing sanctions in the West
Russia lost key Western buyers like JPMorgan and HSBC after its gold supplies were sanctioned by the G-7 and EU last year.