Tag: banking

Observers are watching to see if Mr Lee's housing outcomes will be any different. 3. Restoring world status Hong Kong's status as a global financial hub has taken a hit from the 2019 unrest and ... ( read original story ...)

With gross domestic product shrinking sharply by 4 percent in the first quarter and the economy battling a slump, the last thing Hong Kong needs is a rise in interest rates that will hurt households ... ( read original story ...)

The Hong Kong stock market has finished lower in two straight sessions, sinking more than 300 points or 1.5 percent along the way. The Hang Seng now rests just beneath the 20,800-point plateau and ... ( read original story ...)

And yet, sometimes, we financial economists get it right. In October 2020, I forecast in my Post column that "it would be unsurprising if the Hong Kong and China operations of HSBC developed a ... ( read original story ...)

Hong Kong's next leader John Lee is inheriting a once vibrant Asian business hub mired in its third year of pandemic isolation but he may prioritise security over an economic reboot, business leaders ... ( read original story ...)

Finance chief Paul Chan says trend of rate hikes for rest of the year could reach cumulative increase of 2.5 per cent or more Hongkongers who borrowed for mortgages may be exposed to higher payments ... ( read original story ...)

... Acquisition Corp. on March 18 becoming the first SPAC to list on the Hong Kong Stock Exchange (HKEX).This came after Hong Kong adopted new listing rules on Jan. 1 that opened the door to IPO ... ( read original story ...)

Two different HSBCs—each with different, clearly defined constituencies— might find life easier in some ways. But a split wouldn’t defuse the biggest political land mines. ( read original story ...)

Over the past few years, speculation has been rife over whether Hong Kong can maintain its global financial center status against the backdrop of rising tensions between China and the U.S. ( read original story ...)

Hong Kong's cost of money soared by the most in 22 years as the city's de facto central bank followed the US Federal Reserve to usher in an era of faster, bigger rate increases, even while the local ... ( read original story ...)

The suspects, six men and a woman, aged 20 to 38, were holders of bank accounts that were used to collect the proceeds of crime, police said. ( read original story ...)

HONG KONG/LONDON (FINANCIAL TIMES) - Two decades ago, HSBC made a bold gamble to recapitalise an ailing Chinese insurance firm, paying US$600 million (S$825 million) for 10 per cent of Ping An. The ... ( read original story ...)

Over the past few years, speculation has been rife over whether Hong Kong can maintain its global financial center status against the backdrop of the rising geopolitical tensions between China and the ... ( read original story ...)

Hong Kong has accelerated its re-opening by lifting ... The benchmark rate hikes will not affect the city’s financial and monetary stability, HKMA Chief Executive Eddie Yue said at a press ... ( read original story ...)