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Tag: banking

Posted on 13/02/2022

Hong Kong Surge; South Korea Cases Rise to Record: Virus Update

Hong Kong’s banks will suspend operations at one in every four local branches after a number of employees were infected, the South China Morning Post reported. HSBC Holdings Plc, Standard Chartered ... ( read original story ...)

Posted on 13/02/2022

Hong Kong food supplies may be disrupted as COVID-19 hits goods drivers: Authorities

HONG KONG: Hong Kong authorities said on Sunday (Feb 13) supplies of vegetables and chilled poultry into the global financial hub may be temporarily disrupted after some mainland goods vehicle drivers ... ( read original story ...)

Posted on 13/02/2022

Covid hits drivers, disrupts supply chain in Hong Kong – latest updates

disrupts supply chain in Hong Kong Hong Kong authorities have said supplies of vegetables and chilled poultry into the global financial hub may be temporarily disrupted after some mainland goods ... ( read original story ...)

Posted on 12/02/2022

Hong Kong to report record 1,510 COVID cases on Saturday

Hong Kong and mainland China are among few places in the world still aiming to suppress every COVID-19 outbreak instead of trying to live with the virus, but the Omicron variant has proven tough to ... ( read original story ...)

Posted on 12/02/2022

Covid-19: one in every four bank branches shut in Hong Kong, with 16 major lenders including HSBC, BOCHK adapting to worsening fifth wave

This is the most number of bank branches ever closed in Hong Kong, except when the city faces severe typhoons and all branches are shut 16 major banks are closing a total of 276 branches because of ... ( read original story ...)

Posted on 12/02/2022

Hong Kong Is Not Wuhan. It Can’t Afford a Lockdown

She previously worked for the Wall Street Journal. Local media is rife with speculation about Hong Kong leaning on the mainland to rein in the latest Covid-19 outbreak, with cases rising to record ... ( read original story ...)

Posted on 12/02/2022

Hong Kong extends ban on flights from eight countries, including Pakistan

Flights to Hong Kong are down 90 percent and hardly any are allowed to transit as the financial hub isolates itself from the world in the hope it can contain a coronavirus outbreak, even though new ... ( read original story ...)

Posted on 11/02/2022

China’s Cenbank to Keep Liquidly Ample, Step up Finance Support for Key Sectors

HONG KONG (Reuters) -China's central bank on Friday ... with concerns about the financial health of property developers and the rapid spread of the Omicron variant clouding the outlook. ( read original story ...)

Posted on 11/02/2022

Huitongda Poised to Price Hong Kong IPO at Bottom of Range

(Bloomberg) -- Huitongda Network Co., a Chinese e-commerce platform backed by Alibaba Group Holding Ltd., is set to price its Hong Kong initial public offering at the bottom of its marketed range ... ( read original story ...)

Posted on 11/02/2022

Tech stocks drag Hong Kong shares lower on U.S. rate hike concerns

New bank lending in China more ... touching a six-month high. ** Hang Seng Finance Index rose nearly 1%, with insurer Ping An and China Life up more than 3% each. ** Mainland property firms listed in ... ( read original story ...)

Posted on 11/02/2022

Hong Kong Risks Everything With ‘Impossible’ Covid-Zero Goal

(Bloomberg) -- Hong Kong is doubling down on a Covid-Zero strategy that has failed almost everywhere else, battering its economy and threatening its status as an international financial center just as ... ( read original story ...)

Posted on 11/02/2022

Bank of China (Hong Kong) Limited — Moody’s assigns Aa3 rating to green bonds to be issued by Bank of China (Hong Kong) Limited

Rating Action: Moody's assigns Aa3 rating to green bonds to be issued by Bank of China (Hong Kong) LimitedGlobal Credit Research - 10 Feb 2022Hong Kong, February 10, 2022 -- Moody's Investors ... ( read original story ...)

Posted on 11/02/2022

UPDATE 4-Hong Kong COVID infections surge, experts warn could near 30,000 a day

Hong Kong's leader, Carrie Lam, has said she is deeply sorry and anxious about long queues at coronavirus testing centres and isolation facilities after a record number of new cases left authorities ... ( read original story ...)

Posted on 10/02/2022

Hong Kong stocks reclaim 3-week high as gains in Alibaba, developers overcome setback caused by worst Covid-19 outbreak

Stocks erased losses to retake a three-week high as Chinese developers rallied on hopes of further policy loosening. Alibaba rebounded for a second day, recouping the bulk of losses since its February ... ( read original story ...)

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