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Tag: banking

Posted on 27/02/2022

OPINION – A prudent and progressive budget for Hong Kong in difficult time

Judging from the content of the 2022-23 budget speech delivered by the Hong Kong Financial Secretary Paul Chan on February 23, the Hong Kong government not only maintains the principle of financial ... ( read original story ...)

Posted on 26/02/2022

Hong Kong bankers plot escape from zero-Covid nightmare

Annie left Hong Kong to spend Christmas with her family in Britain and never went back. With flights from the UK banned in early 2020, the finance executive who lived in the territory for almost four ... ( read original story ...)

Posted on 26/02/2022

Covid-19: 12 banks, including HSBC, Standard Chartered and BOCHK to suspend services on Saturdays

Twelve Hong Kong banks, including note-issuing lenders HSBC, Standard Chartered and Bank of China (Hong Kong), will suspend all banking services on Saturdays starting this week and the next until ... ( read original story ...)

Posted on 26/02/2022

Cash-strapped small Hong Kong landlords to be offered interest-free loans as part of new government policy for delayed rent collection

Financial Secretary Paul Chan says authorities will offer small commercial property owners three months’ worth of rent on their tenants’ behalf, of up to HK$100,000. ( read original story ...)

Posted on 26/02/2022

Covid-19: 11 banks, including HSBC, Standard Chartered and BOCHK to suspend services on Saturdays

Eleven Hong Kong banks, including note-issuing lenders HSBC, Standard Chartered and Bank of China (Hong Kong), will suspend all banking services on Saturdays starting this week and the next until ... ( read original story ...)

Posted on 26/02/2022

Coronavirus: residents of Hong Kong’s subdivided flats forced to sleep on rooftops or streets after catching Covid-19

One construction worker and his wife camped on rooftop of their tenement building out of fear they would infect six other loved ones living in 200 sq ft unit ... ( read original story ...)

Posted on 26/02/2022

New World Development says lower income in Hong Kong under rent deferral plan will be offset by strong revenue in mainland China

Hong Kong property developer New World Development (NWD) said lower rent income following a government plan allowing small firms to defer payments for up to six months will be offset by strong revenue ... ( read original story ...)

Posted on 26/02/2022

Bank of America executive to leave Hong Kong in Covid exodus

Bank of America’s co-head of global capital markets in Asia-Pacific is leaving Hong Kong after less than two years as harsh pandemic restrictions prompt an exodus of ... ( read original story ...)

Posted on 26/02/2022

Coronavirus: Hong Kong finance chief Paul Chan to work from home after helper at official residence tests positive for Covid-19

Helper at the financial secretary's residence test preliminarily-positive, while swab tests on Chan, his family members and other workers returned negative results Spokesman says helper, who last ... ( read original story ...)

Posted on 25/02/2022

Hong Kong Virus Cases Set to Surge as Record Outbreak Worsens

Hong Kong is set to report almost 22,000 virus cases on Friday, local media said, as officials struggle to contain the city’s worst ever outbreak and residents prepare for mandatory mass testing next ... ( read original story ...)

Posted on 25/02/2022

Strong fiscal reserves reflect underlying strength of Hong Kong’s economy

KPMG welcomes the Hong Kong SAR government's budget (the "Budget") which will provide assistance to industries and individuals affected by the ongoing COVID-19 pandemic. Despite the forecasted budget ... ( read original story ...)

Posted on 25/02/2022

Chinese firm to build COVID facilities as Hong Kong infections spiral

HONG KONG (Reuters) -Hong Kong has contracted a Chinese firm to build eight isolation and treatment facilities to help fight a worsening COVID-19 outbreak, as the government said on Friday daily cases ... ( read original story ...)

Posted on 25/02/2022

Hong Kong’s First SPAC Wins Exchange Approval for IPO, Sources Say

A blank-check company backed by China Merchants Bank Co.’s overseas asset management arm has become the first to win approval for an initial public offering in Hong Kong, according to people familiar ... ( read original story ...)

Posted on 25/02/2022

Hong Kong budget: Paul Chan’s forecast of a quick recovery from Omicron is just not realistic

The financial secretary acknowledged the impact of the Omicron wave but expected a swift recovery in the rest of the year With a zero-Covid policy in place, can Hong Kong really reopen to the mainland ... ( read original story ...)

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