Tag: banking

BOC’s Poloz will testify before the Senate Committee on National Finance on 21:00 GMT. USD/CAD drops to the intraday low of 1.3956 amid the initial Asian session on Tuesday. In doing so, the Loonie ... ( read original story ...)

China’s decision to impose a national security law on Hong Kong has spurred speculation of capital flight and an erosion of the city’s status as an international financial center. As a venue for share ... ( read original story ...)

Fears that capital could flee Hong Kong are visible just about everywhere in the currency market, testing the local dollar’s resilience to economic recession. ( read original story ...)

HSBC's digital payment platform PayMe is enjoying a surge in popularity during the coronavirus pandemic, hitting a new milestone since its introduction in 2017, as consumers go online to pay for ... ( read original story ...)

The Google search results for Hong Kong often consist of countless modern skyscrapers and the colourful city lights that never seem to turn off, ever. Engraved in most people’s minds is the very ... ( read original story ...)

Wumei Holdings Inc., the Chinese retail group that owns one of the country’s biggest supermarket chains, is considering an initial public offering in Hong Kong, people with knowledge about the matter ... ( read original story ...)

China announced a new national security law on Friday, which, if implemented, would give Beijing more control over Hong Kong ... ( read original story ...)

Indexes in Japan and Australia led regional gains on Monday, with a nearly 1.5% increase. South Korea’s Kospi Composite advanced more than 0.5%. ( read original story ...)

Among the actives, Sino Land plummeted 10.30 percent, while New World Development plunged 9.80 percent, AIA Group tanked 9.41 percent, BOC Hong Kong cratered 7.80 percent, AAC Technologies surrendered ... ( read original story ...)

Hong Kong’s stock exchange was having a good week until Beijing crashed the party. Seen as one of the potential big winners from a bill last week by the U.S. Senate to limit listings of Chinese ... ( read original story ...)

Hong Kong is not part of the top three listing venues globally for the first time in six years, as a slow start to 2020 has weighed on initial public offering activity. ( read original story ...)

The most unsettling aspect of Friday’s 5.6 per cent plunge in Hong Kong’s Hang Seng index was not its scale or its suddenness but its implications for the coming days and weeks. The drop — the ... ( read original story ...)

China’s proposed national security legislation will help quell concerns about political unrest in Hong Kong, the main threat to confidence in the city’s financial sector, according to Financial ... ( read original story ...)

The law will extend to Hong Kong the legal system and security regulations that prevail elsewhere in China. The Hong Kong announcement upended the expectations of many China watchers who expected a ... ( read original story ...)