Structural change in fiscal reserves suggests government more likely to dip into Future Fund earlier than expected, economists say Fund must be used prudently or it will be in danger, academic warns ...
Hong Kong banks to see bumpier year
HONG KONG: While Hong Kong banks have reaped the benefits of rising interest margins in 2023, experts are warning of tough times ahead for the sector, as economic uncertainties are expected to lead to ...
Hong Kong prepares transition finance framework to support development as an international green finance hub
The city will refer to what others are doing so that there are not too many differences in the transition taxonomy between banks in different jurisdictions: HKMA deputy CEO Darryl Chan Prototype will ...
New fraud victim every 13 minutes: Hong Kong police Scameter app upgraded to send pop-up alerts amid HK$5.5 billion in tech-related losses
Reported scam losses hit HK$5.49 billion last year with fraudsters changing methods to trick victims Police hope people will report suspicious numbers and web links to help expand Scameter app ...
BOC Hong Kong (BHKLY) Price Target Increased by 9.17% to 53.31
The average one-year price target for BOC Hong Kong (OTCPK:BHKLY) has been revised to 53.31 / share. This is an increase of 9.17% from the prior estimate of 48.84 dated January 18, 2024. The price ...
Hong Kong budget 2024-25: government should cut property cooling measures gradually rather than all at once, tax expert and lawmaker say
Authorities urged to refrain from scrapping stamp duties in one go to avoid triggering real estate market volatility, in contrast to views from top political parties Calls among those made to finance ...
Hang Seng Bank Slashes China Property Exposure by 33% in 2023Hang Seng Bank Slashes China Property Exposure by 33% in 2023
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How infrastructure borrowing can benefit Hong Kong for decades to come
Debt financing is more efficient and equitable, with cutting spending and raising taxes unpalatable given the city’s current sluggish growth.
HSBC commitment to Asia welcome as it profits from region
Hong Kong banks report strong earnings but rates uncertainty signals risks ahead With the Fed expected to start cutting interest rates before the end of the year, margins for lenders will narrow, ...
BOC HONG KONG To Appoint 2 Deputy Chief Executives: Report
BOC HONG KONG (02388.HK) will make a new round of senior appointments to fill vacancies and adjust its division of labor, Hong Kong media quoted sources as saying. Li Tong, who was the chief ...
Hong Kong financial affairs chief vows to move ahead with regulating stablecoins, over-the-counter crypto trading
The Hong Kong government is committed to regulating stablecoins and over-the-counter (OTC) crypto exchanges, according to the city’s financial affairs chief, as regulators in the Asian financial hub ...
Hong Kong’s BEA expected to withstand asset quality strain in 2024: analyst
Hong Kong’s Bank of East Asia (BEA) should be able to withstand asset quality strain in 2024 thanks to its adequate capitalisation and reduction of China commercial real estate (CRE) exposure, reports ...
Hang Seng Bank: Hold Rating with Cautious Strategy Amidst Profit Growth and CRE Concerns
The analyst notes Hang Seng Bank’s cautious balance sheet expansion strategy, as evidenced by an 8.5% year-over-year decline in gross loan balance, which exceeds the general drop in Hong Kong loans.
Assessing Hong Kong’s Big Bet On Crypto
Since its return to China in 1997, Hong Kong has become the country’s indispensable offshore financial center, with considerable international links. It has engaged in financial innovation, such as ...