Tag: finance

The People's Bank of China will cut fees, extend operating hours and introduce more trading platforms to the 'Bond Connect' scheme that allows global investors a way into its vast market via Hong Kong ... ( read original story ...)

HSBC Holdings pledged to boost investments in China to capture more wealth and retail clients even as political tension escalates after Beijing launched sweeping new security legislation to crack down ... ( read original story ...)

As US passes legislation targeting Chinese officials, banks face question of ‘which side their bread is buttered’ ... ( read original story ...)

"We will not stand still and silent and do nothing while they crack down on freedom in Hong Kong," he said on the Senate floor. In a legislative fast-track move that does not require a full vote, the ... ( read original story ...)

Hong Kong’s small and medium enterprises (SMEs) have emerged as a new battleground for the city’s banking sector, which has been revitalised by the launch of eight virtual lenders that do not have any ... ( read original story ...)

The bank publicly backed China last month – so after 370 arrests in one day, ‘no comment’ is unlikely to cut it ... ( read original story ...)

British Foreign Secretary Dominic Raab reprimanded HSBC and other banks on Wednesday for supporting China's new security law, saying the rights of Hong Kong should not be sacrificed for bankers' ... ( read original story ...)

It is "too soon" to say that Hong Kong has lost its standing as a financial hub, says Dr Tim Summers from Chatham House. He adds that while there may be "some reduction" in the city's freedom of ... ( read original story ...)

Asia’s global financial hub, top of the rankings for IPOs for much of the past decade, woke up on July 1 with a new national security law that gives China broad powers to clampdown on political ... ( read original story ...)

Hong Kong police fired water cannon on Wednesday to break up the first protest since China introduced sweeping security legislation and they made their first arrests under it, warning of punishment ... ( read original story ...)

Tokyo may have a chance to realize a long-held dream of becoming a global financial hub if it can attract people fleeing a Chinese clampdown on Hong Kong, according to a senior Japanese ruling party ... ( read original story ...)

The lost revenue, equivalent to 11.1 per cent of the government’s 2020-2021 income from rates, comes as Hong Kong’s economy was driven into its worst recession on record by the US-China trade war, ... ( read original story ...)

Frank Partnoy, an architect of the collateralized debt obligations (CDOs) that precipitated the 2008 financial crisis, now believes another systemic banking col ... ( read original story ...)

Hong Kong's BOC Aviation said on Tuesday it had cancelled an order for 30 of Boeing Co's 737 MAX planes, the model that was involved in two fatal crashes. ( read original story ...)