Andrew Fennell of Fitch Ratings discusses Hong Kong's downgraded rating, citing the coronavirus pandemic as its "second major economic shock" in the last twelve months. The senior director of ... ( read original story ...)
SoFi Acquires Hong Kong’s 8 Securities in First Global Push
Social Finance Inc. acquired 8 Securities, a Hong Kong mobile investing startup, marking its first expansion outside of the U.S. ( read original story ...)
‘What better time than now?’ Fears China will use crises to cement grip on Hong Kong
Recent arrests and posturing signal a turbulent future amid calls from Beijing for national security legislation to be expedited ... ( read original story ...)
Hong Kong Increases Currency-Peg Defense to $560 Million
Hong Kong’s de-facto central bank intervened to defend its currency peg as the local dollar touched the strong end of its trading band for the second day running.The Hong Kong Monetary Authority ... ( read original story ...)
Hong Kong’s Currency Peg Defense Increases to $560 Million
Hong Kong is on the verge of selling local dollars for the first time since 2015 as the city’s exchange rate strengthens toward the limit of its band against the the greenback. ( read original story ...)
HSBC’s Dividend Shock Leaves Deep Marks in Hong Kong
HSBC Holdings Plc shocked investors by announcing it would scrap its dividend. For the Hong Kong Medical Association, a group in charge of community public health programs instrumental in the fight ... ( read original story ...)
Philly restaurant owner: My experience with pandemics in Hong Kong shows shut downs are safest | Opinion
In January of this year, I was in Hong Kong for a cousin’s wedding when news broke from Wuhan of a novel coronavirus. The streets emptied. Masked faces were everywhere, surgical ones supplanting the ... ( read original story ...)
SoFi CEO on FinTech’s role during crisis and acquiring Hong Kong trading service 8 Securities
Anthony Noto, SoFi CEO, joins "Squawk Box" to discuss FinTech's role in supporting small businesses during the crisis, the company's recently announced acquisition and more. ( read original story ...)
Asia-Pacific start-ups brace for coronavirus bruising
In 2013, Simon Loong launched Hong Kong fintech WeLab using a small loan — just four years later the business ... says Jonathan Woetzel, Asia-based director of the McKinsey Global Institute. “There ... ( read original story ...)
Hong Kong Market Risks Further Losses After Democracy Arrests
... policies have compounded the negative trends of the "reputational damage that anti-government protests were inflicting on international perceptions of Hong Kong's business environment and ... ( read original story ...)
Hong Kong Unemployment Rises to Highest in Nearly Decade
Hong Kong’s jobless rate rose for a sixth straight month in March to the highest level since October 2010 as restrictions to control the coronavirus outbreak continue to pressure the city’s battered ... ( read original story ...)
China, Hong Kong stocks firm as PBOC cuts key rate again
Chinese H-shares listed in Hong Kong rose 0.52% to 9,865.97, while the Hang Seng Index was up 0.16% at 24,419.99. ** The smaller Shenzhen index was up 0.65% and the start-up board ChiNext Composite ... ( read original story ...)
Hong Kong’s stock market is in bear territory – just don’t tell that to some of its superstars running up spectacular gains
For now, Wong advises, just avoid most companies with their business focused on Hong Kong in favour of Chinese ones, as well as those related to travel, cosmetics and clothing. This bear-bull phase of ... ( read original story ...)
Hong Kong Police Arrest at Least 14 Opposition Activists
Hong Kong police arrested at least 14 opposition activists on Saturday for allegedly holding unlawful protests last year, the South China Morning Post reported. ( read original story ...)