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Tag: banking

Posted on 16/02/2022

China’s Xi says Hong Kong needs to stabilise and control COVID surge -media

HONG KONG, Feb 16 (Reuters) - China's President Xi Jinping has told Hong Kong's government to stabilise and control a deepening COVID-19 outbreak in the global financial hub as soon as possible, ... ( read original story ...)

Posted on 16/02/2022

Xi orders Hong Kong to tackle virus surge ‘by all means’

isolation and quarantine measures that so far have largely kept the city safe – even while leaving the once-proud financial hub more cut off from the world. On Saturday, a delegation of Hong Kong ... ( read original story ...)

Posted on 16/02/2022

Hong Kong Tries to End Covid Without Resorting to Lockdown

(Bloomberg) -- It’s becoming clear Hong Kong will do everything short of a citywide lockdown as the financial hub battles to control a rapidly escalating omicron outbreak. Most Read from Bloomberg ... ( read original story ...)

Posted on 16/02/2022

Manulife Hong Kong reports strong fourth quarter and full-year 2021 results

Manulife Hong Kong's Results Overview: Core earnings - Core earnings of HK$7.4 billion in 2021, up 17% from 2020, and HK$2.1 billion in 4Q 2021, up 18% from 4Q 2020 NBV Yahoo Finance Video ... ( read original story ...)

Posted on 16/02/2022

China’s Inflation Slows, Giving Central Bank Room to Ease

While the People’s Bank of China refrained from cutting interest rates this ... Greater China economist at Societe Generale SA in Hong Kong. “Weak core consumer price pressures, as well as the ... ( read original story ...)

Posted on 16/02/2022

Coronavirus: 1 in 4 bank branches shut in Hong Kong, with 16 major lenders including HSBC, BOCHK adapting to worsening fifth wave

This is the most number of bank branches ever closed in Hong Kong, except when the city faces severe typhoons and all branches are shut 16 major banks are closing a total of 276 branches because of ... ( read original story ...)

Posted on 16/02/2022

Standard Chartered HK says it has qualified as direct CIPS offshore participant

SHANGHAI, Feb 14 (Reuters) - Standard Chartered Bank (Hong Kong) Ltd said on Monday that it has become the first foreign bank qualified as a direct participant in China's Cross-border Interbank ... ( read original story ...)

Posted on 15/02/2022

Hong Kong Tries to End Covid Without Nightmare-Scenario Lockdown

“A total lockdown of the entire Hong Kong territory would not be feasible and would do great harm to our status as an international financial center,” Tong said. “But would there be a district ... ( read original story ...)

Posted on 15/02/2022

Remembering Hong Kong now that its long good-bye as a bastion of liberalism has accelerated

This suggests that Asian countries could make the most progress by strengthening their banking and investment institutions, perhaps by enhancing transparency and corporate governance. Hong Kong is ... ( read original story ...)

Posted on 15/02/2022

EV Maker Hozon Picks Banks for $1 Billion Hong Kong IPO

Hozon New Energy Automobile Co., a startup that makes affordable electric vehicles, has picked banks including China International Capital Corp. and Citic Securities Co. for an initial public offering ... ( read original story ...)

Posted on 15/02/2022

Hong Kong Plans to Issue First Green Bond for Retail Investors

Retail investors in Hong Kong will soon be able to buy green bonds for as little as HK$10,000 ($1,281) as the city looks to expand its role as a sustainable finance hub. The Hong Kong government is ... ( read original story ...)

Posted on 15/02/2022

Hong Kong singer arrested for allegedly acting with seditious intent and money laundering

The Security Bureau froze around HK$140,000 worth of assets in connection to the case citing the Implementation Rules for Article 43 of the Beijing-imposed security legislation. The amount frozed ... ( read original story ...)

Posted on 15/02/2022

In a first, Hong Kong to issue green bonds worth US$768 million to city’s retail investors

The bonds, which will have a tenor of three years, guarantee a minimum payment of 2 per cent Hong Kong identity card holders will be able to subscribe in HK$10,000 increments starting March 1 Hong ... ( read original story ...)

Posted on 15/02/2022

Is the Banking Sector Adequately Supporting the LGBTQ+ Community?

With the banking industry legally requiring customers to prove their ... A recent study—conducted by Denise Tse-Shang Tang, an assistant professor at Hong Kong’s Lingnan University, and Celine Tan, ... ( read original story ...)

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