Chair Jerome Powell said the US central bank was not likely to ease in March, adding that it needed greater confidence that ensure inflation is slowing sustainably towards its mandate of 2 per cent.
Plutus Finance Files for IPO
By Ben Glickman Financial-services firm Plutus Financial Group on Wednesday filed for an initial public offering with the Securities and Exchange ...
Kayou Rides Collectible Toy Boom To Hong Kong IPO
Collectible toymaker Kayou has filed for a Hong Kong IPO, with CICC, Morgan Stanley and JPMorgan as underwriters The market for collectible toys in China is growing fast, catering to consumers from th ...
Hong Kong Regulator Accepts First Application For A Spot Bitcoin ETF
A local financial firm is reportedly in the advanced stages of planning to launch funds in the first quarter of 2024.
Hong Kong Q4 GDP Expands 4.3% Y/y, Slower Than Forecast
HONG KONG (Reuters) - Hong Kong's economic growth accelerated in the fourth quarter to 4.3% from a year earlier, official advance estimates showed on Wednesday, with inbound tourism and private ...
Hong Kong Economy Rebounds To Expand 3.2% In 2023
Hong Kong's economy rebounded to record 3.2 percent growth in 2023, benefiting from a rise in inbound tourism and private consumption but weighed down by China's lacklustre post-pandemic recovery.
Hong Kong’s banks report a bumper year in 2023 as record interest rates bloat margins and fatten pre-tax profits
Hong Kong banks’ net interest margin – the gap between the rate charged on loans and the interest paid for deposits – widened last year to the fattest in four years at 1.68 per cent, the HKMA’s data ...
How HSBC became the world’s most accident-prone bank
The Bank of England’s Prudential Regulation Authority (PRA), which keeps Britain’s finance system on an even keel, fined HSBC £57.4m for filing to flag thousands of customers accounts as being ...
BOC Hong Kong (Holdings) Ltd. ADR
No significant news for in the past two years. Key Stock Data P/E Ratio (TTM) The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing ...
CN VP Meets with HSBC Chair, Hoping to Deepen Mutually Beneficial Cooperation
Chinese Vice President Han Zheng met with HSBC HOLDINGS (00005.HK) Chairman Mark Tucker in Beijing today (22nd), Xinhua News Agency reported. Han said that China is promoting Chine... Chinese Vice ...
Hong Kong banks should play ‘long con’ to reap 2025 growth benefits
Expect lower loan growth in 2024 as economic sentiment remains muted, KPMG experts said. The reduced financial activity will also reportedly have an impact on the fees and commissions earned by banks, ...
Floki Team Responds to Hong Kong Regulator Warning
Hong Kong's Securities and Futures Commission labeled Floki and its staking program a suspicious investment product.
China small-bank take private offers big relief
Delisting might be the easy way out for China to keep its troubled, small lenders out of the public eye. Bank of Jinzhou , which was rescued by a $1.7 billion bailout from the central bank and local ...
Hong Kong to expand e-CNY pilot
HKMA and the PBOC to further support the expansion of use cases of the digital yuan in Hong Kong, targeting local consumers and travellers.