Tag: banking

Asian currencies came under renewed pressure on Wednesday forcing central banks in Indonesia and Hong Kong to take action and marking an escalation in the fallout across emerging markets from the fina... ( read original story ...)

Canaan Inc., a maker of crypto mining gear that’s also working on AI applications, has already filed for a Hong Kong IPO. The company will aim to raise about $1 billion, people with knowledge of the m... ( read original story ...)

The High Court on Tuesday dismissed an application by ousted lawmaker Baggio Leung and activist Kwok Cheuk-kin to halt the joint checkpoint arrangement of the Express Rail Link, which is expected to s... ( read original story ...)

Canaan Inc., a maker of crypto mining gear that’s also working on AI applications, has already filed for a Hong Kong IPO. The company will aim to raise about $1 billion, people with knowledge of the m... ( read original story ...)

Hong Kong came off the sidelines to defend its currency for the ... which lost a fifth of its value last week amid trade tension with the US and concern over the country’s financial stability. The lir... ( read original story ...)

Stocks in Hong Kong continued to advance today ... or 54.3 points, at 10,920.4. Shares in Hang Seng Bank (0011) continued to climb after its interim results announcement yesterday, rising by 2 percent ... ( read original story ...)

China Merchants Port Holdings and Bank of East Asia, long term constituents of Hong Kong’s benchmark Hang Seng Index, will be replaced by Sino Biopharmaceutical and Shenzhou International Group Holdin... ( read original story ...)

... Hong Kong’s interest rates are set to rise. Home loan rates had their biggest jump in five years after major lenders including HSBC Holdings Plc. and BOC Hong Kong Holdings Ltd. lifted the cap for ... ( read original story ...)

Under a Sino-British accord, Hong Kong kept its legal system, currency and civic freedoms, famously guaranteed for 50 years under the "one country, two systems" formulation. The city is a major global ... ( read original story ...)

which has often hosted talks by Chinese and Hong Kong officials, as well as dissidents, and has among its members many journalists from international media organisations, including the Financial Times ... ( read original story ...)

Finance and real estate are major sectors in Hong Kong's estimated $340 billion economy. Close economic and business ties with China will also have a huge impact on its economic outlook, especially si... ( read original story ...)

But Hong Kong’s Hand Seng fell 0.7 per cent as financials dropped 0.3 per cent and technology stocks shed 2.5 per cent, while the CSI 300 index of major Shanghai and Shenzhen-listed stocks fell 0.5 pe... ( read original story ...)

All three of Hong Kong’s banks will be issuing new $500 and $1,000 notes this year. The Standard Chartered Bank’s $500 note is shown here. Original images courtesy of Hong Kong Monetary Authority. The ... ( read original story ...)

Open APIs, in this context, refer to APIs that allow third-party access to systems belonging to a bank, while ensuring adequate security and consumer protection measures. Hong Kong, however, seemed to ... ( read original story ...)