Insights: Hong Kong wrestles with the need for a central bank digital currency. Technician's take: BTC's current price action is similar to what occurred in 2018-2019. Catch the latest episodes of ... ( read original story ...)
Internet Bank Market May See a Big Move: Major Giants Axis Bank, HSBC HK, BNZ, ANZ, CBI Bank
Some of the key players profiled in the study are Kiwibank, BNZ, ANZ, Heartland Bank, CBI Bank, Axis Bank, HSBC HK, NAB, Leaders Credit Union, Sandhills Credit Union, Leader Bank & Swissquote. Get ... ( read original story ...)
Hongkongers stay ‘financially fit’ despite Covid-19 pandemic, new HSBC FinFit Study shows
HSBC’s research shows most people in city control spending and pay bills, but those ranked ‘very fit’ have greater financial resilience and save faster for down payment on property ... ( read original story ...)
Hong Kong exports plunge 8.9 per cent as Covid-19 pandemic disrupts flow of goods over mainland China border
Figure for March marks first decline since October 2020, as trade hit by scores of city’s drivers becoming infected ... ( read original story ...)
HSBC: Mixed Q1 Results
Mixed results. Limited, HSBC is currently heavily investing in Asia with the wealth management being a key division to monitor. Concern on CET1, buyback suspended. Neutral rating. We prefer other ... ( read original story ...)
Standard Chartered’s first-quarter profit rises 3 per cent as it overcomes weaker Hong Kong performance
The bank’s pre-tax profit of US$1.49 billion in the first quarter beat a consensus estimate of US$1.04 billion even as its business in Hong Kong took a battering from Covid-19 restrictions. ( read original story ...)
Hong Kong watchdog warns stablecoins could undermine HKD in CBDC paper
The Hong Kong Monetary Authority has invited public feedback about its central bank issued digital currency, known as e-HKD. ( read original story ...)
Hong Kong publishes CBDC discussion paper
Hong Kong is pushing ahead with its exploration of a retail central bank digital currency, launching a discussion paper on the policy and design aspects of a potential e-HKD. ( read original story ...)
First virtual bank in Hong Kong to offer digital wealth advice
Welab Bank, a virtual bank licensed by the Hong Kong Monetary Authority, will launch its Goweath Digital Wealth Advisory for some of its customers. The bank is the first virtual bank in Hong Kong ... ( read original story ...)
Hong Kong takes another step on e-HKD as HKMA seeks feedback on benefits, pitfalls of digital currency
The HKMA first announced a plan to study the potential introduction of a digital form of the Hong Kong dollar in June last year The authority has not yet committed to introducing e-HKD, saying it will ... ( read original story ...)
Hong Kong Monetary Authority Invites Views on Retail CBDC
The authority is studying design considerations such as issuance, interoperability with other payment systems, privacy and data protection. ( read original story ...)
Hong Kong’s New Travel Easing Leaves Business Still Wanting More
Hong Kong’s latest moves to ease travel into the financial hub are getting a lukewarm reception from the business community and airlines. After months of criticism, the government is loosening a ... ( read original story ...)
When Journalists Capitulated to Autocracy in Hong Kong
When Allan Au didn’t post his Wordle score on Facebook one morning this month, his friends began to worry. For Au, a longtime journalist and media trainer in Hong Kong, the ritual was less about ... ( read original story ...)
Zacks Investment Research Upgrades Hang Seng Bank (OTCMKTS:HSNGY) to “Hold”
Hang Seng Bank (OTCMKTS:HSNGY – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks.com ... ( read original story ...)