HONG KONG (Reuters) -China's central bank has accepted Ant Group's application to set up a financial holding company, three people with knowledge of the matter said, a key step in finishing a year ... ( read original story ...)
Bank of China HK’s BoC Pay features Dodo Cheng and Chantel Yiu
Bank of China Hong Kong (BOCHK)’s BoC Pay has launched a new campaign featuring local artists, in support of the introduction of the second phase of the Consumer Voucher Scheme (CVS). The campaign ... ( read original story ...)
Most Asian markets on recession fears, Bank of Japan in focus
Asian markets mostly fell on Friday (Jun 17) after another hefty drop in New York and Europe as central bank interest rates hikes to counter soaring inflation fan fears of a recession. All eyes are ... ( read original story ...)
Hong Kong should make no mistake, high interest rates are here to stay
As the US Fed raises the cost of borrowing again and warns there may be more to come, the city must brace for pressure on its currency, more market volatility and mortgages pain As the US Federal ... ( read original story ...)
Hong Kong’s Hang Seng index leads losses in mixed Asia trade as investor sentiment remains fragile
The Federal Reserve raised benchmark interest rates 75 basis points on Wednesday in a move that equates to the most aggressive hike since 1994. ( read original story ...)
Win Streak May Continue For Hong Kong Stock Market
The Hang Seng Index now rests just beneath the 21,310 ... Henderson Land fell 0.17 percent, Hong Kong & China Gas skidded 1.29 percent, Industrial and Commercial Bank of China lost 0.22 percent, ... ( read original story ...)
Hong Kong at 25: Retrospectives, Reflections and the Future
Our reporting has closely documented how Hong Kong has changed in profound ways as it struggled to solve affordable housing and livelihood issues, as well as social inequality and ... ( read original story ...)
Hong Kong braces for capital outflow after 75-basis point base rate increase in lockstep with US Fed
The Hong Kong Monetary Authority (HKMA) increased the city's cost of money in lockstep with the Federal Reserve's biggest one-time increase in 28 years, taking a step to follow global central banks in ... ( read original story ...)
Hong Kong raises key rate by 75 basis points in lockstep with Federal Reserve hike as finance chief warns of capital flight
Financial Secretary Paul Chan says the US rate rise will lead to more capital outflow from Hong Kong, but the city's banking system has enough liquidity to defend the stability of the local financial ... ( read original story ...)
Hong Kong Sells More U.S. Dollars to Defend Currency Peg
Hong Kong has sold more foreign-exchange reserves to maintain its longstanding peg to the U.S. dollar, taking its total outlay this year to $7.24 billion. ( read original story ...)
HSBC leaves its best lending rate unchanged after HK central bank rate hike
will leave its prime lending rate unchanged in Hong Kong at 5% even after Hong Kong's central bank raised its base interest rate, Reuters reported Thursday. The Hong Kong Monetary Authority ... ( read original story ...)
Hong Kong c.bank raises base rate following Fed, banks stand pat
The Hong Kong Monetary Authority (HKMA) raised on Thursday its base rate charged through the overnight discount window by 75 basis points to 2%, hours after the U.S. Federal Reserve delivered a rate ... ( read original story ...)
Bank of China HK dishes out sponsorship support for HK Palance Museum to promote Chinese culture
The Hong Kong Palace Museum (HKPM), which is set to open on 2 July 2022, has partnered with Bank of China Hong Kong (BOCHK). HKPM will launch a series of arts and cultural activities supported by ... ( read original story ...)
Hong Kong Cuts Isolation Period for Handover Events, SCMP Says
Top Hong Kong officials will only do a three-day hotel quarantine ahead of the city’s July 1 celebrations, according to the South China Morning Post, casting fresh doubt over President Xi Jinping’s ... ( read original story ...)