It is now inviting customers to participate in the pilot. Bank of China (Hong Kong) (BOCHK) is expanding its hypothetical e-HKD prepaid pilot services to 50 prepaid service products and is inviting ...
Hong Kong stocks hold at 11-month low as HSBC, ICBC lead slump among banks on earnings, property risks
China’s major lenders slumped amid concerns about earnings, with Bank of China and HSBC both missing market consensus in their report cards. BYD erased a 2 per cent drop before its expected record ...
Alibaba, BYD, HSBC lead losses in Hong Kong stocks on surprise drop in Chinese manufacturing
The city’s stock benchmark is set to complete a third month of losses. A surprise drop in manufacturing this month means it’s too early to call the bottom in the Chinese economic slowdown, Nomura says ...
Popularity and use of Hong Kong’s virtual banks is on the rise, finds survey by industry body HKAB
As the public's understanding of virtual banks deepens, the popularity of such lenders will continue to increase, further promoting fintech development in Hong Kong, HKAB says Increased acceptance 'is ...
Hong Kong to help finance Northern Metropolis project with land exchange scheme
Owners can keep land earmarked for new town and build according to zoning uses, but they will be required to pay premium, development chief Bernadette Linn says.
A journey through Hong Kong: Explore the city’s top cultural and financial highlights
Join us as we check out Hong Kong's cultural and financial top spots, taking in the sights and experiences the city has to offer.
Hong Kong Monetary Authority drops major hints on CBDC potential — What you need to know now
The Hong Kong Monetary Authority (HKMA) has released a report elucidating its initial findings after the completion of phase 1 of its pilot program, Project e-HKD. The project was initiated to examine ...
HSBC launches $3-B buyback, profit disappoints on rising costs
HSBC on Monday reported a fresh $3-billion share buyback and a more than doubling of third-quarter profit that nonetheless missed forecasts as spending on technology and operations grew and inflation ...
HSBC doubled its profits and is giving shareholders $3 billion in buybacks but the bank’s troubles haven’t ended just yet
London-listed HSBC's profits soared, thanks to elevated interest rates. But high costs and pains in Chinese real estate continue to put pressure on it.
HSBC takes $500 million hit on Chinese real estate and warns of risk of ‘further deterioration’
HSBC warned Monday that China’s property market has “potential for a further deterioration” as it reported profits that fell short of expectations, partly because of a $500 million charge to cover ...
Analyst discusses HSBC’s third-quarter results
Manyi Lu of DBS Bank in Hong Kong discusses HSBC's third-quarter results and the outlook for its share prices. What Your November Horoscope Has In Store For Your Zodiac Sign Can you refreeze thawed ...
Hong Kong to help finance Northern Metropolis project with land exchange scheme, but conservation plans may change
Owners can keep land earmarked for new town and build according to zoning uses, but they will be required to pay premium, development chief Bernadette Linn says Minister also stresses former plan for ...
Retail CBDC Could Add Unique Value, but Further Investigation Is Needed, Hong Kong Central Bank Says
Hong Kong’s Monetary Authority has published a report on phase 1 of its CBDC pilot. The report said an e-HKD could add unique value to the payments ecosystem, but further investigation is needed. A ...
HKMA says Hong Kong digital currency pilot points to ‘tremendous impact’ on banking, financial services
HKD, Hong Kong’s central bank digital currency, could help to settle payments quicker and be more cost effective for businesses, a pilot trial has shown.