Tag: banking

Some of our imperial rulers seem to have overlooked a rather important point about Hong Kong’s future role. We all understand that we have now abandoned the ambition to be “Asia’s World City”, a ... ( read original story ...)

China's Communist Party has abandoned its tradition of working from the shadows in Hong Kong as authorities pursue a sweeping crackdown ... ( read original story ...)

A veteran observer of Hong Kong’s financial markets argues that the Chinese government’s moves this week against newly listed ride-hailing giant Didi Chuxing augur a Great Financial Decoupling that ... ( read original story ...)

Beijing has relaxed its monetary policy tone. The People’s Bank of China on Friday cut the amount of cash most banks are required to hold as reserves for the first time in over a year , releasing 1 ... ( read original story ...)

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.China’s central bank cut the amount of cash most banks must hold in reserve in order to boost lending ... ( read original story ...)

Nancy Lai and Tingting Guo of Baker McKenzie discuss recent Chinese developments relating to tax enforcement for HNWIs, PRC tax residency status of individual taxpayers, taxation of family trusts, and ... ( read original story ...)

The Hong Kong stock market has finished lower in eight straight sessions, plummeting more than 2,110 points or 7.3 percent along the ... ( read original story ...)

China’s central bank deputy governor has said that its central bank digital currency (CBDC) trial now involves 10 million people. ( read original story ...)

In terms of supporting the development of the Guangdong-Hong Kong-Macau Greater Bay Area (GBA), BOC Macau integrated and actively linked up with domestic institutions, promoted inter-regional ... ( read original story ...)

The chairman of HSBC has been accused of prioritising profit over upholding international law by a coalition of senior politicians after he refused to discuss calls for the bank to unfreeze the assets ... ( read original story ...)

There is a chance that China could become the leader in the global financial system, according to Charles Li, the former head of Hong Kong’s stock exchange operator. ( read original story ...)

China’s authorities signaled they may soon unleash more support for the economy, an unexpected shift in tone that suggests the world’s fastest pandemic recovery may be weaker than it appears. ( read original story ...)

Chinese tech stocks in Hong Kong took a beating on Thursday, contributing to hundreds of billions of dollars in losses that have ... ( read original story ...)

Hong Kong’s benchmark Hang Seng Index slid as much as 3% ... Adding to the bearish sentiment on Thursday was a surprise shift in policy from China’s central bank, which signalled to traders that the ... ( read original story ...)