Tag: finance

Hong Kong’s markets have been flooded with cash over the past decade as heavy money printing by global central banks, led by the U.S. Federal Reserve, directed large flows of new cash to the territory, whose financial centre serves as the main gateway to ... ( read original story ...)

The lawyer defending finance chief Paul Chan Mo-po and his wife in a defamation case on Wednesday said allegations they made of two schoolchildren cheating at school tests are protected by the law, because the couple genuinely believed them. Benjamin Yu SC ... ( read original story ...)

HONG KONG (Reuters) - The Hong Kong Monetary Authority said on Thursday it had no immediate plans to issue bills to prop up the local dollar until it hit the limits of its trading band but warned that it had sufficient firepower to defend the currency. ( read original story ...)

Chinese internet giant Tencent Holdings Ltd. may soon have another opportunity to cash in on one of its investments. Tongcheng-Elong Holdings Ltd., a travel company backed by Tencent and China’s largest travel website Ctrip.com International Ltd., is ... ( read original story ...)

Hong Kong’s de facto central bank probably would not take additional steps - such as issuing extra Exchange Fund bills - to soak up the abundant liquidity to curb depreciation pressure. While the stock market becomes more volatile this year, demand for ... ( read original story ...)

Hong Kong’s central bank will probably take steps to tighten liquidity in the financial system as the city’s currency approaches the weak end of its peg against the greenback. That’s according to 15 of 19 analysts surveyed by Bloomberg from March 2 ... ( read original story ...)

The top gainer on Hang Seng was China Resources Power Holdings Co Ltd, up 6.21 percent, while the biggest loser was BOC Hong Kong Holdings Ltd with a 0.13 percent fall. ** As of the previous trading session, the Hang Seng index was up 0.93 percent this yea ... ( read original story ...)

The Hong Kong Monetary Authority (“HKMA”) has recently released two fintech-related consultation papers. Consultation Paper on Open API Framework for the Hong Kong Banking Sector – released on 11 January 2018 (the “Open API Paper”). Public ... ( read original story ...)

China Mobile dipped 0.28 percent and BOC Hong Kong was unchanged. The lead from Wall Street is murky as stocks opened lower Wednesday before climbing off their worst levels of the day, although only the NASDAQ managed to close in positive territory. ( read original story ...)

Howard Lee, deputy chief executive at the HKMA, Hong Kong’s de facto central bank, was speaking at a press conference called to provide updates about the city’s progress in its attempts to move into what it has called a “new era of smart banking”. ( read original story ...)

Standard Chartered Bank, which invested US$400 million in its digital banking operations globally in 2017, will pour more money into developing fintech services in the coming year, according to its boss in Hong Kong. Mary Huen Wai-yi, the lender’s chief ... ( read original story ...)

HONG KONG, March 5, 2018 /PRNewswire/ -- The leading cross-border investment platform with integration of industry and finance -- OP Financial Investments Limited ("OP Financial" or "the Company", stock code: 01140.HK) is pleased to announce that the ... ( read original story ...)

Hong Kong has announced plans for a green bond programme with a borrowing ceiling of HKD100bn (US$12.8bn) as part of its budget for 2018/19, in a bid "to demonstrate the government's commitment to promoting green finance". The scale of issuances surpasses ... ( read original story ...)

“People are selling Hong Kong dollars to position for an interest-rate increase by the US Federal Reserve in March,” said Jasper Lo Cho-yan, senior vice-president at iBest Finance in Hong Kong. “As Hong Kong’s banking system is flooded with ample ... ( read original story ...)