Tag: banking

As Hong Kong prepares to launch yuan-denominated stocks in its markets, investors and analysts view it mainly as a test run for China's ambitions to internationalise the yuan. In the weeks since Hong ... ( read original story ...)

Stocks in Hong Kong and mainland China overturned earlier losses to close with marginal gains on Monday. Market confidence is turning from bearish to ‘neutral and contrarianly positive’, one ... ( read original story ...)

Hong Kong stocks kicked off Tuesday morning on a strong note following a global rally, helped by the UK government's decision to scrap a ... ( read original story ...)

The Hong Kong Hang Seng Index opened lower Monday and sagged in trading, but rallied in the final hour to finish up 0.2%. Property issues gained, as did bank and oil stocks. The broad gauge Hang Seng ... ( read original story ...)

Hong Kong start-up Allinfra, which recently teamed up with ADM Capital and Ultimate Carbon, aims to eventually list carbon credit products on the city’s stock exchange. ( read original story ...)

Asian stock markets mostly slipped lower Monday on the outlook for slowing global economic growth and higher interest rates. Tokyo declined, although Hong Kong and Shanghai edged higher. Other ... ( read original story ...)

Chinese conglomerate Fosun halted stock trading in Hong Kong on Monday ahead of an upcoming announcement in what Bloomberg News reported would be the sale of its stake in a steel company to raise much ... ( read original story ...)

The Hong Kong stock market on Friday halted the six-day losing streak in which it had plummeted more than 1,700 points or 9.5 percent to an 11-year closing low. The Hang Seng Index now sits just above ... ( read original story ...)

Hong Kong wants to become an international center for virtual assets as the city seeks to bolster its status as a global financial hub following the disruptions caused by the pandemic. The government ... ( read original story ...)

Hang Seng Bank Limited (OTCMKTS:HSNGY – Get Rating) reached a new 52-week low during trading on Friday . The stock traded as low as $14.87 and last traded at $15.07, with a volume of 219252 shares ... ( read original story ...)

Fijian rugby fans have been a stronghold of tournaments in the Sevens Series because of Fiji’s dominance in the series. Picture: FIJITIMES/FILE has confirmed the HSBC Sevens Series 2023 schedule ... ( read original story ...)

Hong Kong remains undaunted by growing competition with Singapore as support from mainland China gives the city a unique advantage and makes it stand out as an international economic hub, a top ... ( read original story ...)

HSBC sends out letter, seen by Post, saying lender unable to provide investment services to Russian nationals who are not European Union residents While HKMA notes local banks can ignore unilateral ... ( read original story ...)

From Li Ka-shing’s empire to an office tower bought by James Tien Pei-chun’s Manhattan Garments Group, the whipsawing British pound could draw blood from some of Hong Kong and China’s biggest ... ( read original story ...)