Tag: banking

Asian markets edged lower on Friday as investors weighed concerns over economic growth and virus outbreaks and risk aversion set in following dovish comments from the Federal Reserve chief. Fed Chair ... ( read original story ...)

The Hang Seng Index now rests just ... Henderson Land climbed 1.66 percent, Hong Kong & China Gas gathered 1.63 percent, Industrial and Commercial Bank of China perked 1.59 percent, Longfor ... ( read original story ...)

Chinese regulators want property developers to disclose details of rapidly growing commercial paper issuance in their monthly reports, said three sources, as part of Beijing's move to rein in ... ( read original story ...)

The offshore loan from HSBC for Nutifood is the first of its kind in Vietnam and ASEAN and is expected to promote bilateral trade between Vietnam and Italy. ( read original story ...)

Rent control is a contentious issue and perhaps nowhere more so than in capitalist and laissez-faire Hong Kong. The city holds the unenviable crown of being the world's most expensive for renters, ... ( read original story ...)

At closing bell, the benchmark Hang Seng Index added 0.75%, or 208.81 points, to 27,996.27. The Hang Seng China Enterprises Index rose 1.08%, or 109.20 points, to 10,174.27. ( read original story ...)

Hong Kong customs officials have announced the uncovering and dissection of a major cryptocurrency money laundering operation. ( read original story ...)

Hong Kong authorities arrested four men for a suspected money-laundering syndicate involving HK$1.2 billion ($155 million) with virtual currency. Operation “Coin Breaker” was launched on July 8, and ... ( read original story ...)

The tailwinds lifting the Hong Kong bourse’s prospects are blowing from east and west: China is applying heavy scrutiny on overseas listings as well as its homegrown exchanges, sending companies to ... ( read original story ...)

Hong Kong stocks rose to the highest in almost two weeks as China injected liquidity to ease a crunch in the system amid reports showing the economy lost some growth momentum last quarter. The Hang ... ( read original story ...)

Hong Kong shares ended higher on Thursday, with banks and property firms leading gains, buoyed by hopes for more government policy support after the economic growth in the second quarter missed ... ( read original story ...)

HSBC has made a number of senior hires to its Asian business. Jackie Mau has been named as head of global private banking for mainland China, while Victor Wang becomes Europe, the Middle East & Africa ... ( read original story ...)

Hong Kong stocks rose as traders weighed China's slowing economic growth momentum even as data on factory production and retail sales data beat market estimates. Alibaba Group Holding and Tencent ... ( read original story ...)

China's yuan inched higher against the dollar on Thursday, to reflect some weakness in the greenback in global markets, but gains were capped by a slightly weaker-than-expected second quarter growth ... ( read original story ...)