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
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world ...
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 ...
Major Hong Kong banks to roll out additional anti-malware measures, block unauthorised access to banking apps, HKAB says
and had collaborated with the Hong Kong Police Force to issue guidance on strengthening security measures, according to a statement by the city’s de facto central bank on Thursday. “The HKMA welcomes ...
100 minibuses repossessed in Hong Kong after owners failed to repay bank loans: operators
Chairman Chow Kwok-keung of the Taxi and Public Light Bus Association on Thursday said banks had not requested early payments but some owners' minibuses were taken away because of overdue instalments.
Hong Kong stocks waver near 7-week high on mixed corporate earnings signals while developers trim speculative rally
Hong Kong stocks wavered near a seven-week high amid mixed corporate earnings signals, as lender HSBC underwhelmed and travel platform operator Trip.com beat consensus. Property developers pared gains ...
HSBC Profits Plummet 80% After Chinese Losses
HSBC’s quarterly profit plunged 80 percent as it took a $3 billion charge on the value of its stake in a Chinese bank and a further write-down on commercial real estate, underlining how a slowdown in ...