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Tag: banking

Posted on 18/04/2022

China’s economy had a good first quarter. Lockdowns leave it ‘in distress’

China's economy made a solid start to the year, recording first quarter growth that surpassed expectations. But a recent slump in consumer spending and rising unemployment suggest much tougher months ... ( read original story ...)

Posted on 18/04/2022

S’porean man, 73, arrested for robbing bank with toy gun in Hong Kong

The man had reportedly robbed a bank along Nathan Road in Hong Kong on Apr. 14 at around 3:30pm, and made away with about HK$14,000 (S$2,429) in cash, according to ... ( read original story ...)

Posted on 18/04/2022

China Merchants Bank suffers US$11 billion sell-off on news report top executive is assisting unspecified probe

China’s third-largest lender fell by the most since August 2015 amid a local media report that a top executive is assisting with an unspecified government probe. ( read original story ...)

Posted on 18/04/2022

Hong Kong landlords offer deep discounts on short-term retail leases, hope to raise rents in the next market rebound

Leasing terms suggest individual retail landlords are banking on recovery in sales once Hong Kong reopens its border Retail sales shrank 14.6 per cent in February, the worst since a 23 per cent slump ... ( read original story ...)

Posted on 17/04/2022

Economy set to rebound if Covid-19 situation stabilises: Hong Kong’s finance chief

Paul Chan made the remarks on his blog on Sunday, a day after city's daily infection numbers fell below 800 for first time in nine weeks 'If this trend continues and we head towards the dynamic ... ( read original story ...)

Posted on 17/04/2022

Hang Seng, STI returns similar previously, but diverged in first quarter

The long-term returns of both Singapore and Hong Kong stock indexes have been quite similar. . Read more at straitstimes.com. ( read original story ...)

Posted on 17/04/2022

Hong Kong chief executive election 2022: John Lee calls financial industry double-edged weapon, legal system ‘polluted by politics’

Candidate John Lee calls financial system ‘sharp tool’ to be used by or against city during meeting with Election Committee members. ( read original story ...)

Posted on 15/04/2022

Hong Kong plans to regulate crowdfunding activities

The Hong Kong government is considering regulating crowdfunding campaigns in a bid to prevent money being used for activities that endanger national security or other illegal purposes. ( read original story ...)

Posted on 15/04/2022

Hong Kong’s first retail green bond offer to finally launch on April 26 after Covid-19 delay

The government has more than tripled the maximum offer size to HK$20 billion (US$2.56 billion) for the three-year bond Interest will be paid every six months based on the inflation rate over that half ... ( read original story ...)

Posted on 15/04/2022

Hong Kong’s finance chief Paul Chan to lead vetting committee for would-be election candidates as chief secretary post stays vacant for now

Financial Secretary Paul Chan a natural successor for the post vacated by former chief secretary John Lee, says pro-Beijing heavyweight Rita Fan Others in the same camp say the appointment hints that ... ( read original story ...)

Posted on 15/04/2022

Can Chinese EV battery makers CALB, Tianqi Lithium recharge Hong Kong’s appetite for IPOs?

China Aviation Lithium Battery (CALB) and Tianqi Lithium, two key players in the world’s biggest electric vehicle battery market, are keen on expanding capacity amid a bottle neck in the global supply ... ( read original story ...)

Posted on 15/04/2022

Oil and Forex Analysis – Hawkish Fed Williams, Oil prices soar, Hong Kong as a Petri Dish and the Procession to Recession

With US yields bouncing to the drumbeat of a hawkish Fed, we could expect stock markets to rejoin the procession to recession. ( read original story ...)

Posted on 14/04/2022

Hong Kong crowdfunding activities to be regulated so they do not endanger national security

Platforms might be required to be licensed and registered, and fundraisers expected to conduct due diligence prior to campaigns. ( read original story ...)

Posted on 14/04/2022

Hong Kong’s finance chief Paul Chan to lead vetting committee for election hopefuls as chief secretary post stays vacant for now

says pro-Beijing heavyweight Rita Fan Others in the same camp say the appointment hints that Chan has the central government's trust and is highly likely to remain in the next administration serving ... ( read original story ...)

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