HSBC HOLDINGS (00005.HK) announced that it had repurchased a total of 1.7472 million shares in the London and Hong Kong markets yesterday (12th), involving approximately HKD81.0329 million. The group ... ( read original story ...)
Hong Kong sells US$1 billion in two days to defend currency peg as traders seeking higher US yields spark capital outflows
The city’s de facto central bank stepped into the currency market again on Friday morning, its third intervention in two days to lift the local dollar from its weakest level in more than three years. ( read original story ...)
HSBC to lend US$1 billion to women-led businesses over next 12 months
HSBC said on Thursday that it plans to lend US$1 billion to women-owned businesses through its newly launched Female Entrepreneur Fund in Hong Kong and 10 other markets over the next 12 months. The ... ( read original story ...)
Can China-choice John Lee Reboot Hong Kong Business with Law and Order?
"I think people will follow the trend of where they can make money," John Lee said, "where they can develop and follow their dreams." ... ( read original story ...)
China Scrutiny Stymies JD.Com Fintech Unit’s $2 Billion Hong Kong IPO – Sources
JD Technology, the fintech arm of Chinese e-commerce company JD.Com, has been forced to delay an up to $2 billion Hong Kong IPO because domestic regulatory approval for the listing has not been ... ( read original story ...)
Hong Kong Intervenes to Defend Dollar for First Time Since 2019
Hong Kong intervened to defend its currency for the first time since 2019, putting further upward pressure on interest rates in an economy already reeling from strict pandemic border controls and a ... ( read original story ...)
Coronavirus: 1 in 5 Hong Kong families unhappy, with mothers suffering more, as overall happiness index of households slips in new survey
Survey finds 81.1 per cent of 1,633 people interviewed scored six and above on family happiness, but overall index of 6.98 is lowest since 2019 Mothers found to have been affected more negatively by ... ( read original story ...)
Hong Kong cardinal Joseph Zen arrested under China’s security law
One of the Catholic Church's most senior members has been arrested in Hong Kong for breaking China's national security law, police ... ( read original story ...)
China scrutiny stymies JD.Com fintech unit’s $2 bln Hong Kong IPO -sources
JD Technology, the fintech arm of Chinese e-commerce company JD.Com, has been forced to delay an up to $2 billion Hong Kong IPO because domestic regulatory approval for the listing has not been ... ( read original story ...)
Hong Kong Dollar Defense to Drain Billions as Economy Sputters
(Bloomberg) -- Hong Kong’s beleaguered economy faces the ... Such spending would drain liquidity from the financial system, driving up borrowing costs at a time when the economy is contracting ... ( read original story ...)
A Catholic cardinal and others are arrested on Hong Kong security law
The White House and U.S. politicians join others around the world in calling for the release of a retired archbishop, singer and others in the Chinese territory. ( read original story ...)
Hong Kong Spends $202 Million to Defend Currency Peg
The Hong Kong Monetary Authority dipped into its foreign-exchange reserves for the first time in three years to shore up the local currency against a surging greenback. ( read original story ...)
Hong Kong central bank steps in to support weakening currency, first intervention since Oct. 2020
bought HK$1.586 billion ($202 million) from the market on Thursday to stop the local currency weakening and breaking its peg to the U.S. dollar, the de-facto central bank's first intervention in 18 ... ( read original story ...)
HKMA buys HK$1.6 billion from market as currency hits weak end of trading band
Hong Kong's de-facto central bank bought HK$1.586 billion ($202 million) from the market on Thursday to stop the local currency weakening and breaking its peg to the U.S. dollar, the first time it has ... ( read original story ...)