Tag: finance

On Friday, the Hong Kong dollar experienced a sudden, sharp spike, which some market watchers attributed to expectations of a rise in bank lending rates and tight cash supply. Facing shrinking ... ( read original story ...)

Following is the speech by the Financial Secretary, Mr Paul Chan, at the 10th Hong Kong Institute of Bankers (HKIB) Banking Conference today (September 27): Patrick (Chairman of the Executive Committe... ( read original story ...)

The base lending rate was raised by 25 basis points to 2.5 per cent, the Hong Kong Monetary Authority said on its website, effective immediately. The de facto central bank’s chief executive officer No... ( read original story ...)

The move comes as officials in Hong Kong, which tracks U.S. rate moves because its currency is pegged to the greenback, have warned of the impact of rising interest rates on the city's homeowners. Lat... ( read original story ...)

Some of the world’s largest asset managers took a spin on Hong Kong’s IPO roulette wheel, and now they’re stuck. Shares of Meituan Dianping dipped below their offering price on Wednesday, barely one w... ( read original story ...)

That doesn’t make any sense at all,” he told the U.S. Chamber of Commerce. In Greater China markets, Hong Kong’s Hang Seng index traded higher by 1.24 percent as of 3:15 p.m. HK/SIN. Hotpot chain Haid... ( read original story ...)

Its education was, too. Mainland Chinese students began flocking to Hong Kong universities after economic reforms were instituted, particularly in business and finance. Non-Chinese foreigners also beg... ( read original story ...)

HONG KONG (Reuters) - Bitmain Technologies, the world’s largest designer of products used for mining cryptocurrencies, confirmed it was bringing its IPO to Hong Kong in what will be an important ... ( read original story ...)

Hong Kong stocks tumbled on Monday ... Lin said that the Hang Seng Index could dive below 26,000. Mainland Chinese financials led the decline. Shares of China Construction Bank, one of the four big st... ( read original story ...)

Hong Kong’s Hang Seng Index fell about 1.6%, led by property stocks. Markets in Japan, South Korea, mainland China and Taiwan were closed for holidays. Monday’s Big Theme Some of the short-term rates ... ( read original story ...)

Asia-Pacific equities were broadly higher on Wednesday, led by a solid gain for energy stocks in Hong Kong. The Hang Seng index climbed 1.6 per cent, boosted by a 4.3 per cent advance for the energy s... ( read original story ...)

Hong Kong’s Hang Seng Index closed down 1.6%, with financial and real-estate companies bearing the brunt of losses. Also pressuring markets, the Hong Kong Interbank Offered Rate — short-term rates tha... ( read original story ...)

Other winners include HelloToby, Hung Hing Printing Group Limited, Hang Seng Bank, Lan Kwai Fong Group, McDonald’s Hong Kong, Lane Crawford, Gammon Construction Limited, and Airport Authority Hong Kon... ( read original story ...)

... who focuses on accessibility issues The Hong Kong Association of Banks put new guidelines in place in March to encourage its members to adopt best practices for “barrier free” access to banking se... ( read original story ...)