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 ...)
Hong Kong’s economic recovery, consumer spending could suffer as base lending rate rises by the most in 22 years, analysts warn
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 ...)
Why the wind appears to be going out of SPACs’ sails in Singapore and Hong Kong
... 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 ...)
Breaking Up HSBC Wouldn’t Solve its Political Woes
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 ...)
Is Hong Kong’s global financial center status weakening?
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 base rate rises by the most in 22 years, ushering in era of faster, bigger increases in borrowing costs even as economy slumps
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 ...)
Hong Kong police arrest 7 after dozens of victims are cheated in scams involving bogus low-interest loans
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 ...)
Why Chinese insurer Ping An is calling for a break-up of HSBC
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 ...)
Is Hong Kong’s global financial center status being weakened?
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 Hikes Benchmark Rate Again After U.S. Fed Tightens
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 ...)
Hong Kong Stock Market Tipped To Reverse Wednesday’s Losses
Hong Kong also will provide March data for retail sales ... a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the ... ( read original story ...)
HSBC Split Is a Surefire Way to Destroy Value
The illuminated HSBC Holdings Plc headquarters, center, at night in Hong Kong, China, on Friday, Feb. 18, 2022. HSBC is scheduled to release earnings results on Feb. 22. (Photographer: ... ( read original story ...)
De Well Files for Hong Kong IPO, Flush With New Ties to Cainiao
When it comes to logistics, China-focused investors already have plenty to choose from in a crowded field filled with names like S.F. Holding (002352.SZ), ZTO (NYSE: ZTO) and JD Logistics (2618.HK). ( read original story ...)
Huafang Hopes ‘Internet Bad Boy’ Backing Will Bring Investors Streaming to Its IPO
Now the second-tier player is seeking stardom in the capital market by applying for a Hong Kong IPO to fund an accelerated expansion. This isn’t Huafang’s first ride on the Hong Kong IPO ... ( read original story ...)