The Hong Kong dollar (USD/HKD) has done relatively well this year even as the US dollar index (DXY) jumped to the highest level in months. It has also performed well even as many emerging market ...
Hong Kong’s affluent become millionaires at an average age of 33, HSBC Premier survey suggests
A study by HSBC suggests that about six per cent of respondents have already hit the HK$10 million mark by the age of 45. The bank’s wealth management services can help individuals meet their ...
Hong Kong Shares May Open In The Red
The Hong Kong stock market on Tuesday wrote a finish to the two-day losing streak in which it had tumbled almost 800 points or 4 ...
Survey: HK Affluent Class People Become Millionaires at Age of 33 on Average
According to a survey conducted by HSBC, affluent class people in Hong Kong become millionaires at the age of 33 on average, and they are also confident that they can earn $10 million at the age of 62 ...
Chinese PE Firm Cherami Considers Hong Kong IPO in 2024, Sources Say
Chinese private equity firm Cherami is considering an initial public offering in Hong Kong as soon as next year, according to people familiar with the matter, potentially joining peers such as Tian Tu ...
Hongkong Land named global sector leader despite stiffer Gresb competition
HONGKONG Land Holdings topped a well-tracked environmental, social and governance (ESG) benchmark for the real estate sector for the first time this year, despite stiffer competition all around. Read ...
Hong Kong’s Currency Peg Is Aging—But Not Done Yet
Hong Kong’s currency peg is now 40 years old. That means aches, pains and some questions about an early retirement. The city started pegging its currency against the U.S. dollar on Oct. 17, 1983.
Two Hong Kong banks facing record fines for short-selling in Korea: report
South Korea’s FSS said they made short-selling deals worth KRW40b and KRW16b, respectively. Two Hong Kong-based investment banks are being fined by South Korea’s Financial Supervisory Service for ...
After 40 years of stability, Hong Kong’s US dollar peg is here to stay
It is fair to say I have established a long-lasting and strong relationship with this important part of Hong Kong’s financial regime. The linked exchange rate system is a good one. It is the ...
Tencent-Backed Logistics Company Seeks To Bag $500M With Hong Kong IPO
J&T Global Express, a logistics firm backed by Tencent, is planning a share offering worth 3.92 billion Hong Kong dollars ($500.80 million) in Hong Kong. As The Wall Street Journal reported, the ...
Hong Kong’s Fight Against Online Banking Fraud: A Multifaceted Approach
In the bustling metropolis of Hong Kong, a silent and insidious crime wave is threatening the security of its digital banking sector. The Hong Kong Monetary Authority (HKMA), the city’s main financial ...
Small investors demand tougher action against BNP Paribas, HSBC for illegal short selling
Small individual investors, angered by the recent illegal short selling practices of BNP Paribas and HSBC, have called for more stringent measures to prevent a recurrence, even in the face of ...
As Hong Kong’s currency peg marks 40th birthday with little fuss, some traders dither over its future
Hong Kong’s currency is marking the anniversary of its peg to the US dollar this week with little fuss. Swinging between a loss of 0.01 per cent and a gain of 0.05 per cent on its 40th birthday, the ...
Indonesian courier J&T Global aims to raise US$500 million via Hong Kong’s second biggest IPO of the year
Jakarta-based J&T will sell some 300 million shares at HK$12 per share, according to a filing on the Hong Kong Exchanges and Clearing Based on that valuation, J&T will have a post-issue market ...