ZA Bank, one of a handful of regulated digital-only banks in Hong Kong, has announced a new promotion to increase users. ZA Bank has launched “Millionaire PowerDraw” to “bring joy to HongKongers.” The ... ( read original story ...)
FY2023 Earnings Estimate for BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY) Issued By Jefferies Financial Group
Analysts at Jefferies Financial Group increased their FY2023 earnings per share estimates for BOC Hong Kong in a note issued to investors on Thursday, June 30th. Jefferies Financial Group analyst now ... ( read original story ...)
Chinese mainland, Hong Kong expand financial cooperation with Swap and ETF connects
In a sign of deepening financial cooperation between the Chinese mainland and the Hong Kong Special Administrative Region (HKSAR) amid the 25th anniversary of Hong Kong's return to the motherland, ... ( read original story ...)
Hong Kong gets a shot in the arm as China’s offshore financial hub with new products and deeper yuan pool in expanded Connect scheme
Hong Kong and China will develop a Swap Connect programme for bonds this year, after formally kicked off the ETF Connect programme The PBOC upgraded Hong Kong's yuan settlement programme into a ... ( read original story ...)
China, Hong Kong to launch rate ‘Swap Connect’ in boost to financial integration
China and Hong Kong will launch a new "Swap Connect" scheme, allowing mutual access to interest rate swaps trading to promote financial derivatives markets. ( read original story ...)
China to Start Swap Connect With Hong Kong in Six Months
China will allow international investors to access its interest-rate derivatives market through Hong Kong, bolstering the city’s status as a financial gateway to Asia’s largest economy while giving ... ( read original story ...)
FY2022 EPS Estimates for Hang Seng Bank Limited Reduced by Jefferies Financial Group (OTCMKTS:HSNGY)
Analysts at Jefferies Financial Group decreased their FY2022 earnings per share estimates for Hang Seng Bank in a research report issued on Thursday, June 30th. Jefferies Financial Group analyst now ... ( read original story ...)
China and Hong Kong to launch rate ‘Swap Connect’ toward financial integration
The move, announced on the same day China and Hong Kong launched ETF Connect, and came after similar schemes facilitating cross-border stock and bond investments, represents the latest efforts toward ... ( read original story ...)
Rising interest rates to be Hong Kong banks’ saving grace
NIMs are expected to rise and outweigh asset quality deterioration in the near term. Hong Kong banks are expected to benefit from a rise in interest rates, which would in turn expand their net ... ( read original story ...)
Hong Kong’s Dry Spell for IPOs Set to End
Along with several other mid- to large-sized deals in the pipeline, they are poised to revive a dormant market where firms raised a paltry $2.6 billion between January and June. That's a 92% slump ... ( read original story ...)
China to Start Interest-Rate Swap Connect With Hong Kong
The People's Bank of China, the Hong Kong Monetary Authority and Hong Kong's Securities and Futures Commission are working to develop swap connect that would enable offshore investors to execute ... ( read original story ...)
HSBC Buys back 4.8M Shrs in HK, London Last Thu, Fri for $247M
HSBC HOLDINGS (00005.HK) announced that it had repurchased a total of 4.8 million shares in London and Hong Kong last Thursday (30 June) and Friday (1 July), involving a total of approximately HKD247 ... ( read original story ...)
Hong Kong investors gain access to US$89.6 billion in China-based ETFs as expansion of Stock Connect scheme kicks in
The ETF Connect is being hailed as part of a "gift package" that marked the 25th anniversary of the city's handover to Chinese sovereignty Move further entrenches Hong Kong as a global financial ... ( read original story ...)
Could Chinese demand soften the blow of a US recession on Hong Kong, South Korea and Singapore?
Analysts say even a marginal acceleration of Chinese demand could cushion the growth drag on Asia from slower shipments from the US. But China’s economy faces numerous headwinds that threaten to throw ... ( read original story ...)