Economic diversification is certainly a key component to reach sustainable economic development. Diversification is very important for both Hong Kong and Ma ... ( read original story ...)
HSBC ramps up Asia pivot as pandemic hammers profits
HSBC on Tuesday vowed to accelerate its Asia pivot despite spiralling tensions between China and the West after it reported a 30% plunge in profits for 2020 caused by the coronavirus pandemic. ( read original story ...)
Hong Kong stocks lead rally in Asia as traders bet to old-economy firms on reflation outlook, HSBC extends win
Hong Kong stocks are leading a rally in Asian markets as traders bet on old-economy favourites amid outlook for faster rebound in growth, and sell recent tech winners. HSBC jumps on dividend hopes. ( read original story ...)
HSBC profit down 30 percent, resumes dividend
HSBC makes 90 percent of its profit in Asia, with China and Hong Kong being the major drivers of growth. As a result, it has found itself more vulnerable than most to the crossfire caused by the ... ( read original story ...)
Hong Kong budget: more than 250,000 jobless workers to be offered 1 per cent interest loans in unprecedented measure
Unemployed Hongkongers will be offered low-interest bank loans – capped at HK$80,000 – under an unprecedented budget measure targeting more than 250,000 jobless workers, the Post has learned. Mo-po ... ( read original story ...)
Hong Kong’s Record Budget Deficit Limits Room for Stimulus
Hong Kong is heading for a record budget deficit, leaving little room for the kind of cash handouts and stimulus Financial Secretary Paul Chan doled out in 2020 during the coronavirus outbreak. Chan ... ( read original story ...)
Hong Kong Homes Ranked World’s Least Affordable for 11th Year
Hong Kong remained the world’s least affordable housing market for the 11th year, underscoring the income disparity in the financial city. ( read original story ...)
Hong Kong leader gets China’s Sinovac vaccine to bolster public confidence
Hong Kong’s leader Carrie Lam received China’s Sinovac vaccine on Monday together with top officials at a live televised event to bolster public confidence ahead of the vaccine’s rollout in the global ... ( read original story ...)
Hong Kong budget: more than 250,000 jobless workers to be offered low-interest loans in unprecedented measure
According to a source, HK$10 billion will be set aside for the loans, which will have an annual interest rate of 1 per cent. ( read original story ...)
Hong Kong budget will be a difficult balancing act
The budget to be delivered by Paul Chan Mo-po tomorrow will be one of the most challenging. It has to take into account the economic hardships facing the city, the government's dwindling reserves and ... ( read original story ...)
China and the UK test HSBC’s divided loyalties in Hong Kong
When Ted Hui arrived in the UK last December after fleeing Hong Kong, he had a rude shock: not only was his HSBC bank account frozen, but his bank balance was at zero. The opposition lawmaker couldn’t ... ( read original story ...)
HSBC is facing dueling loyalty tests it can only fail
When Ted Hui arrived in the UK last December after fleeing Hong Kong, he had a rude shock: not only was his HSBC bank account frozen, but his bank balance was at zero. The opposition lawmaker couldn’t ... ( read original story ...)
HSBC mulls sending senior executives back to Hong Kong roots
HSBC is considering the return of some global leaders to the bank’s original hometown, reinforcing Asia’s role as its centre of gravity. A cadre of senior executives is set to relocate in coming ... ( read original story ...)
HSBC’s top executives following the money prepare Asia moves
A cadre of senior executives is set to relocate in coming months to Hong Kong from HSBC’s Canary Wharf headquarters, say people familiar with the plans, as Europe’s biggest bank pares its ... ( read original story ...)