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Tag: banking

Posted on 28/02/2022

HSBC, Standard Chartered, Hang Seng Bank and BEA set aside a combined US$1.02 billion to cover for Chinese property sector risks

The provisions at HSBC, Hang Seng Bank, Standard Chartered and Bank of East Asia, revealed during results announcements over the past two weeks, hint at the impact the developers’ credit crunch has ... ( read original story ...)

Posted on 28/02/2022

Hong Kong Arbitration Remains Resilient Despite Detractors

A question of confidence Peter Burnett, a senior managing director at Standard Chartered Bank in Hong Kong, was bullish over the city’s prospects as both a finance and dispute resolution capital. He ... ( read original story ...)

Posted on 28/02/2022

Hong Kong Monetary Authority Announces Enhancements to SME Financing Guarantee Scheme

The Hong Kong Monetary Authority (HKMA) notes that they have made enhancements to the SME Financing Guarantee Scheme. ( read original story ...)

Posted on 27/02/2022

Distressed Hong Kong mothers bemoan long waiting times, delayed treatment at public hospitals’ emergency wards

Advice from netizens had one common point: ‘don’t go to public hospitals even if your children become very ill’. ( read original story ...)

Posted on 27/02/2022

Hong Kong reports record daily COVID cases and 83 deaths

Hong Kong health authorities on Sunday reported a record 26,026 daily COVID-19 infections, as an outbreak of the highly transmissible Omicron variant overwhelms healthcare facilities and proves ... ( read original story ...)

Posted on 27/02/2022

Coronavirus Hong Kong: finance chief calls for ‘solidarity’ as he asks big landlords to offer rental aid to struggling tenants

Financial Secretary Paul Chan's appeal comes one day after city's leader asks developers to relieve rental 'burden' placed on tenants Chief Executive Carrie Lam and Chan highlight example of Swire ... ( read original story ...)

Posted on 27/02/2022

OPINION – A prudent and progressive budget for Hong Kong in difficult time

Judging from the content of the 2022-23 budget speech delivered by the Hong Kong Financial Secretary Paul Chan on February 23, the Hong Kong government not only maintains the principle of financial ... ( read original story ...)

Posted on 26/02/2022

Hong Kong bankers plot escape from zero-Covid nightmare

Annie left Hong Kong to spend Christmas with her family in Britain and never went back. With flights from the UK banned in early 2020, the finance executive who lived in the territory for almost four ... ( read original story ...)

Posted on 26/02/2022

Covid-19: 12 banks, including HSBC, Standard Chartered and BOCHK to suspend services on Saturdays

Twelve Hong Kong banks, including note-issuing lenders HSBC, Standard Chartered and Bank of China (Hong Kong), will suspend all banking services on Saturdays starting this week and the next until ... ( read original story ...)

Posted on 26/02/2022

Cash-strapped small Hong Kong landlords to be offered interest-free loans as part of new government policy for delayed rent collection

Financial Secretary Paul Chan says authorities will offer small commercial property owners three months’ worth of rent on their tenants’ behalf, of up to HK$100,000. ( read original story ...)

Posted on 26/02/2022

Covid-19: 11 banks, including HSBC, Standard Chartered and BOCHK to suspend services on Saturdays

Eleven Hong Kong banks, including note-issuing lenders HSBC, Standard Chartered and Bank of China (Hong Kong), will suspend all banking services on Saturdays starting this week and the next until ... ( read original story ...)

Posted on 26/02/2022

Coronavirus: residents of Hong Kong’s subdivided flats forced to sleep on rooftops or streets after catching Covid-19

One construction worker and his wife camped on rooftop of their tenement building out of fear they would infect six other loved ones living in 200 sq ft unit ... ( read original story ...)

Posted on 26/02/2022

New World Development says lower income in Hong Kong under rent deferral plan will be offset by strong revenue in mainland China

Hong Kong property developer New World Development (NWD) said lower rent income following a government plan allowing small firms to defer payments for up to six months will be offset by strong revenue ... ( read original story ...)

Posted on 26/02/2022

Bank of America executive to leave Hong Kong in Covid exodus

Bank of America’s co-head of global capital markets in Asia-Pacific is leaving Hong Kong after less than two years as harsh pandemic restrictions prompt an exodus of ... ( read original story ...)

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