Tag: banking

the mainland's financial capital, plans to reopen in phases starting next month Hong Kong stocks rose to their highest level in almost two weeks after JPMorgan Chase upgraded its recommendation on ... ( read original story ...)

Hong Kong's de-facto central bank bought HK$5.888 billion ($750 million) from the market to stop the local currency weakening and breaking its peg to the U.S. dollar.The Hong Kong dollar is pegged to ... ( read original story ...)

Christina Ong, HSBC head of Hong Kong business banking, rightly says small and medium-sized businesses will continue to be the bedrock on which economies and local communities are built, and there is ... ( read original story ...)

Innovo Property Group’s $855 million deal to purchase the HSBC tower in Midtown could come apart for lack of financing. ( read original story ...)

Calb Co., a Chinese battery supplier for electric vehicle makers, has added more banks to arrange its planned Hong Kong initial public offering, which could raise as much as $1.5 billion, according to ... ( read original story ...)

Hong Kong stocks fluctuated between gains and losses as investors weighed the prospect of more policy loosening against official data showing that China’s economy contracted in April. ( read original story ...)

HSBC HOLDINGS (00005.HK) announced that it had repurchased a total of 1.7496 million shares in London and Hong Kong last Friday (13th), involving a total of approximately HKD83.7341 million. HSBC ... ( read original story ...)

HSBC HOLDINGS (00005.HK) is preparing to caution its shareholder that splitting the bank's operations in Asia and other parts of the world would be highly costly and create sig... HSBC HOLDINGS (00005 ... ( read original story ...)

But jobless rate expected to top out and gradually improve as long as pandemic continues to stabilise, financial secretary Paul Chan says. ( read original story ...)

Limited (OTCMKTS:BHKLY – Get Rating) was the target of a large increase in short interest in April. As of April 30th, there was short interest totalling 5,200 shares, an increase of 40.5% from the ... ( read original story ...)

The Hong Kong Monetary Authority dipped into its foreign-exchange reserves for the first time in three years to shore up the local currency against a surging greenback. ( read original story ...)

Officers arrest 17 men, five women in raids on various places, including call centre in Kwai Chung and two financial intermediaries in Mong Kok Division of work in the syndicate was 'sophisticated', ... ( read original story ...)

twice buying Hong Kong dollars to stop the local currency weakening and breaking its peg to the US dollar. The de facto central bank bought HK$1.586 billion (US$202 million) from the market in ... ( read original story ...)

While Hong Kong’s US$466bil (RM2 trillion) foreign-reserves stockpile and plentiful interbank liquidity suggest little chance of an imminent crisis, signs of financial stress are building. This week ... ( read original story ...)