Under the plan, recently approved by China’s State Council, or cabinet, the banks will use the PBoC loans along with their own funds, lent at market rates, to refinance stalled real estate projects. ( read original story ...)
China Targets $148 Billion in Financing for Cash-Strapped Developers – FT
China will help property developers by issuing 1 trillion yuan ($148.2 billion) in loans for stalled developments, the Financial Times said on Thursday, as it tries to revive the debt-stricken sector ... ( read original story ...)
Hong Kong Chronicles Institute Debuts First Volume of English Edition of Hong Kong Chronicles on 7,000 Years of Local History in a Dedicated Ceremony
Mr John Lee Ka-chiu and Mr Liu Guangyuan deliver keynote speeches in the presence of over 40 consuls based in Hong Kong ... ( read original story ...)
Hong Kong Financial Secretary Paul Chan says global rate rises, recession will hurt exports, but consumption vouchers will offset impact
City's exports will 'naturally be affected', as interest rates rise in developed economies and the external economic situation continues to worsen, Chan says Private consumption will gain momentum in ... ( read original story ...)
Why betting against the Hong Kong dollar peg is a fool’s errand
The Hong Kong dollar has once again come under pressure, with the Monetary Authority forced to step in and defend the local currency Despite criticism of the peg to the US dollar, the city's ... ( read original story ...)
New York-listed Chinese cloud services provider Kingsoft Cloud files to go public in Hong Kong
Beijing-based Kingsoft Cloud will seek a dual primary listing in Hong Kong, the latest US-listed mainland firm to seek to go public closer to home. ( read original story ...)
HSBC to leave best lending rate in Hong Kong unchanged at 5%
HSBC Holdings said on Thursday it would leave its best lending rate in Hong Kong unchanged at 5%, despite a rise in the base rate of the city's central bank, charged through its overnight discount ... ( read original story ...)
Hong Kong property tycoon accuses US of intending to destroy city’s financial status and mainland China
Hang Lung Group chairman Ronnie Chan says city must not underestimate 'madness with which the US wants to destroy mainland China', and Hong Kong Property tycoon and ex-head of securities watchdog also ... ( read original story ...)
Hong Kong stocks rise after Fed raises rates
Hong Kong stocks opened slightly higher on Thursday morning after the head of the Federal Reserve indicated the bank's pace of interest rate hikes ... ( read original story ...)
Sell Hong Kong stocks when the likes of HSBC raise prime rates, historical data suggests
All four industry groups within the Hang Seng Index posted losses in the one month after HSBC last raised its best rates in September 2018 The HKMA raised its base rate to the highest level since 2019 ... ( read original story ...)
Hang Seng Expected To Bounce Higher Again On Thursday
The Hang Seng finished sharply lower on Wednesday following losses from the technology, casino and oil companies. For the day, the index slumped 235.84 points or 1.13 percent to finish at 20,670.04 ... ( read original story ...)
Hang Seng Bank Ltd – Stock Quote 00011
As previously noted, the Hong Kong COVID-19 lockdown in the first quarter of 2022 may hurt Hang Seng Bank’s loan growth and fee income, and we think the positive impact on net interest margins ... ( read original story ...)
HSBC Set to Face Hong Kong Shareholders Amid Ping An Battle
HSBC Holdings Plc executives and directors will do something next week that they haven’t done in three years: meet their Hong Kong shareholders face-to-face. The Tuesday meeting could be a tense one, ... ( read original story ...)
Hong Kong central bank raises rates, warns of higher interbank rates
The Hong Kong Monetary Authority (HKMA) on Thursday (Jul 28) raised its base rate charged through the overnight discount window by 75 basis points to 2.75 per cent, hours after the US Federal Reserve ... ( read original story ...)