Edmond Hui, Bright Smart Securities: "This wave of closings and layoffs affecting brokerage houses is the most severe we have ever seen"A historic drop of $4.6 trillion in the capitalization of the ...
Hong Kong’s smaller brokers seek support for listings on small-cap GEM board, launch body to lobby government for further reforms
Hong Kong’s beaten down stock market brokers and advisers have formed an association that wants the city’s government to come to the aid of its capital markets amid a free fall in share-trading values ...
Beijing needs to come up with a better strategy to defend Hong Kong’s status as an international financial centre
It would be difficult to find any Chinese household that is financially worse off now than in 1997, as China's per capita GDP has increased 15 times during the period Listed companies are lining up to ...
Hong Kong stocks slip toward 14-month low as China deflation creates ‘value trap’ while Li Ning sinks 14% on asset purchase plan
Stocks lost further traction after a government report showed China’s consumer prices fell last month by the most in three years. That makes Chinese stocks a value trap, according to BCA Research.
BOC Life’s outlook turns sour: Moody’s
Downgrade risks include failing profitability, capital adequacy, a downgrade of BOC Hong Kong's rating, and a decline in the ability or willingness of shareholders and affiliates to provide support.
Access Bank UK Granted Approval To Commence Operations In Hong Kong
"This license is a testament to our unwavering commitment, strategic foresight, and resilience over the past decade," said Herbert Wigwe.
Shooting hoops for charity: Hong Kong’s Dah Sing Bank hosts basketball tournament to raise funds for Operation Santa Claus
Young basketball enthusiasts and bank staff competed in 'Dah Sing Charity Score Challenge' Event raised money for 15 charitable projects supported by Operation Santa Claus (OSC), an annual fundraising ...
Moody’s Investors Service affirms Hongkong and Shanghai Banking Corporation (HSBC) at “Aa3” (LT- foreign currency credit rating); outlook stable
Moody's Investors Service affirmed the 'Aa3' LT- foreign currency credit rating of Hongkong and Shanghai Banking Corporation (HSBC) on December 8, 2023.
Global Impact: is the ‘economic centre of gravity’ moving towards Asia as Saudi ministers, executives descend on Hong Kong?
In this issue of the Global Impact newsletter, we look back at the Future Investment Initiative (FII) Institute’s first Asia conference that took place in Hong Kong.
Access Bank UK Receives Approval to Commence Operations in Hong Kong
In a significant milestone towards realising its five-year strategic plan, Access Bank UK, the wholly owned subsidiary of Access Bank PLC has received approval to commence operations in Hong Kong. The ...
Hong Kong stocks fall toward 14-month low as China deflation puts earnings at risk, turns market into value trap
Stocks lose further traction after a government report showed China’s consumer prices fell last month by the most in three years. That makes Chinese stocks a value trap, according to BCA Research.
Hong Kong home prices down 20% from historical peak, rebound hinged on US interest rate cuts
Investment banks are predicting a 5 to 10 per cent decline in Hong Kong home prices next year, providing buying opportunities for renters wanting to switch to home ownership, say agents.
Will Hong Kong’s tax tweaks end its real estate slump?
RESCUE measures intended to coax mainland Chinese to buy residential property in Hong Kong have failed to woo, as the financial hub’s property market slump deepens. Read more at The Business Times.
HSBC Reportedly Cuts Jobs in Greater China Commercial Banking
Bloomberg reported, citing people with the knowledge of the matter. The impact is mainly on commercial banks in ... At least four Hong Kong bankers have left HSBC HOLDINGS (00005.HK) +0.150 (+0.251%) ...