Tag: banking

China’s central bank has accepted an application by Ant Group to set up a financial holding company, a key step toward finishing a year-long overhaul of Alibaba founder Jack Ma’s fintech business and ... ( read original story ...)

IPO activity gained pace in Russia in 2021 and at least 10 firms had been planning listings in 2022 before Feb. 24 when Moscow despatched troops in Ukraine, triggering Western sanctions that have hurt ... ( read original story ...)

HONG KONG (Reuters) -China's central bank has accepted Ant Group's application to set up a financial holding company, three people with knowledge of the matter said, a key step in finishing a year ... ( read original story ...)

Bank of China Hong Kong (BOCHK)’s BoC Pay has launched a new campaign featuring local artists, in support of the introduction of the second phase of the Consumer Voucher Scheme (CVS). The campaign ... ( read original story ...)

Asian markets mostly fell on Friday (Jun 17) after another hefty drop in New York and Europe as central bank interest rates hikes to counter soaring inflation fan fears of a recession. All eyes are ... ( read original story ...)

As the US Fed raises the cost of borrowing again and warns there may be more to come, the city must brace for pressure on its currency, more market volatility and mortgages pain As the US Federal ... ( read original story ...)

The Federal Reserve raised benchmark interest rates 75 basis points on Wednesday in a move that equates to the most aggressive hike since 1994. ( read original story ...)

The Hang Seng Index now rests just beneath the 21,310 ... Henderson Land fell 0.17 percent, Hong Kong & China Gas skidded 1.29 percent, Industrial and Commercial Bank of China lost 0.22 percent, ... ( read original story ...)

Our reporting has closely documented how Hong Kong has changed in profound ways as it struggled to solve affordable housing and livelihood issues, as well as social inequality and ... ( read original story ...)

The Hong Kong Monetary Authority (HKMA) increased the city's cost of money in lockstep with the Federal Reserve's biggest one-time increase in 28 years, taking a step to follow global central banks in ... ( read original story ...)

Financial Secretary Paul Chan says the US rate rise will lead to more capital outflow from Hong Kong, but the city's banking system has enough liquidity to defend the stability of the local financial ... ( read original story ...)

Hong Kong has sold more foreign-exchange reserves to maintain its longstanding peg to the U.S. dollar, taking its total outlay this year to $7.24 billion. ( read original story ...)

will leave its prime lending rate unchanged in Hong Kong at 5% even after Hong Kong's central bank raised its base interest rate, Reuters reported Thursday. The Hong Kong Monetary Authority ... ( read original story ...)

The Hong Kong Monetary Authority (HKMA) raised on Thursday its base rate charged through the overnight discount window by 75 basis points to 2%, hours after the U.S. Federal Reserve delivered a rate ... ( read original story ...)