Tag: finance

Hong Kong banks could find their LIBOR transition more pressing than HIBOR’s by end-2021, when LIBOR and other key interbank offered rates are scheduled to be replaced. HIBOR wi ... ( read original story ...)

The yuan eased from five-month highs on Thursday as the struggling greenback regained some ground on hopes U.S. lawmakers will soon agree to an economic stimulus package, taking a breather after two ... ( read original story ...)

Hong Kong has shortlisted finalists to digitize its retirement funds system, according to people familiar with the matter, paving the way to lower fees for more than 4 million savers.The shortlist ... ( read original story ...)

Public investment to support Hong Kong’s most promising sectors is needed to help cushion the impact of the pandemic on an economy that was already struggling. If the EU can get 27 countries to agree ... ( read original story ...)

The Bureau of Customs is planning to auction off the limited-edition McLaren 620R super car that was confiscated on Monday at the Port of Manila, in a bid to raise funds for the government’s fight ... ( read original story ...)

Diving into media channels to better understand these attitudes, I found that most share similar themes and messages. ( read original story ...)

Jacobio Pharmaceuticals Co., a Chinese biotechnology company focusing on cancer treatments, is planning a Hong Kong initial public offering as soon as this year, according to people familiar with the ... ( read original story ...)

International banks in Hong Kong are caught in the crossfire of competing laws enacted by the United States and China as the superpowers clash over the city's future, with analysts warning businesses ... ( read original story ...)

The Hong Kong Institute of Bankers (HKIB), a not-for-profit institution that provides training programmes and certifies professional qualifications for local banking and financial practitioners, has b ... ( read original story ...)

The family behind Hong Kong’s largest property empire has seen its fortune shrink by almost $8 billion in the past 12 months, the steepest drop among Asian clans on Bloomberg’s ranking of the world’s ... ( read original story ...)

Asian equities rebounded overnight as NasdaqNDAQ reached a new high yesterday in the US. Hong Kong rebounded 2% as new coronavirus cases fell locally day over day, as growth stocks led the volume ... ( read original story ...)

Stocks in Asia Pacific mostly rose on Tuesday as the Reserve Bank of Australia’s (RBA) kept its policy settings unchanged. The Hang Seng index in Hong Kong led gains among the region’s major markets, ... ( read original story ...)

Hong Kong's most-famous billionaire Li Ka-shing has sent a top lieutenant to help rescue a cash-strapped developer in the first major blow-up and restructuring to unfold from the city's property ... ( read original story ...)

WeLab's founder and CEO Simon Loong discusses the opening of WeLab Bank, the latest subsidiary of the Hong Kong-based fintech firm amid the coronavirus pandemic. Got a confidential news tip? We want ... ( read original story ...)