Tag: banking

HKMA used its reserves to sell US$104m and buy HK$816m from the market, representing the first time the currency has triggered the weak side of the trading band since it was established 13 years ago. The de facto central bank intervened again in early Asia ... ( read original story ...)

HONG KONG, April 13 (Reuters) - Hong Kong’s central bank intervened in the market for the first time since 2015 after its currency hit the weaker end of its trading range, nudging up a key lending rate that could pressure borrowing costs. “I reiterate ... ( read original story ...)

The last time the HKMA bought Hong Kong dollars was in 2005, shortly before the new band was implemented to curb funds flowing into the Asian financial hub to bet on a stronger Chinese yuan. But inflows continued after the financial crisis, encouraged by ... ( read original story ...)

Ping An Healthcare and Technology, China’s largest health care and online medical platform, is to raise US$1 billion from an initial public offering in Hong Kong and will be traded in early May, after it got a verbal go-ahead by the city’s bourse ... ( read original story ...)

It stood at 7.8499 at 5:30pm. Hong Kong’s de facto central bank, the Hong Kong Monetary Authority (HKMA), said it will not necessarily step in to prop up the currency. The city’s dollar, pegged at 7.8 per US dollar since October 1983, with the trading ... ( read original story ...)

Samruk-Kazyna, Kazakhstan’s sovereign wealth fund, is planning initial public offerings (IPOs) for three of its major assets this year, and Hong Kong is being viewed as a strong choice as the potential venue. Nurlan Rakhmetov, its managing director for ... ( read original story ...)

Hong Kong’s de facto central bank, the Hong Kong Monetary Authority (HKMA), said it will not necessarily step in to prop up the currency. The city’s dollar, pegged at 7.8 per US dollar since October 1983 with a trading band of 7.75 to 7.85 introduced ... ( read original story ...)

The gap between the two has widened since the 2008 financial crisis, as the U.S. central bank has started raising interest rates. Making matters tricky for Hong Kong policy makers, local money market remains awash with liquidity thanks to equity market ... ( read original story ...)

Contracting jobs are booming in Singapore and Hong Kong banking, but think carefully before you take one. Here’s what to weigh up. https://news.efinancialcareers.com/sg-en/241344/junior-singapore-finance-jobs-with-10k-monthly-salaries/ Contract jobs in ... ( read original story ...)

Financial Secretary Paul Chan Mo-po and his wife are to face a retrial in a long-running defamation case brought against them by two students and their father for accusing the youngsters of cheating in a test, Hong Kong’s top court ruled on Tuesday. ( read original story ...)

For the Hong Kong-Shanghai and the Hong Kong-Shenzhen stock links ... China wants to embrace the world, not take it over, Xi says at Boao Forum for Asia I would say with financial and service industries opening up, the US in the future would have more ... ( read original story ...)

China’s central bank has unveiled a slew of market opening measures in the financial sector on Wednesday, including the removal of foreign ownership caps of banks, as Beijing tries to paint itself as an open economy and a key backer of free trade and ... ( read original story ...)

SHANGHAI, April 11 (Reuters) - China and Hong Kong stocks rose on Wednesday, led by financial firms, as the market welcomed Beijing’s pledge to further open the country’s financial sector to foreign investors. On the mainland, the CSI300 index advanced ... ( read original story ...)

Foreign ownership restrictions in Chinese banks and financial asset management firms also will be ... Commission said the allowable daily two-way trading volume between Hong Kong and mainland China's two exchanges would each be increased fourfold to ... ( read original story ...)