Tag: finance

As Asian currencies started plunging one after another, starting with the Thai baht in July 1997, the attention soon turned to Hong Kong, the financial hub of Asia, barely months after sovereignty had been handed by the British colonial government back to ... ( read original story ...)

Europe’s largest international financial institution, HSBC (Hong Kong and Shanghai Banking Company) has made a major announcement today. The worlds seventh largest lender said it will no longer finance any new developments dealing with Canada’s tar ... ( read original story ...)

Hong Kong’s retail investors trust their financial advisers the least among 12 global financial markets surveyed, which the head of the CFA Institute in Asia Pacific describes as a “wake up call” for the city. The finding was based on a poll of 3,127 ... ( read original story ...)

Among these are: Hong Kong-Zhuhai-Macau bridge (26 per cent), Kai Tak district ... According to a previous study by the same Legco unit, for much of his tenure, former finance chief John Tsang Chun-wah’s budget giveaways and handouts mostly benefited ... ( read original story ...)

NEW DELHI: After moving the insolvency authority in the US, Punjab National Bank (PNB) has raised heat by approaching Hong Kong Court against billionaire jeweller Nirav Modi, who is accused of a Rs 13,000-crore fraud. The bank plans to approach other ... ( read original story ...)

As Asian currencies started plunging one after another, starting with the Thai baht in July 1997, the attention soon turned to Hong Kong, the financial hub of Asia, barely months after sovereignty had been handed by the British colonial government back to ... ( read original story ...)

Europe’s largest financial institution, HSBC (Hong Kong and Shanghai Banking Company) has made a major announcement today. The worlds seventh largest lender said it will no longer finance projects dealing with coal in developed countries, Arctic drilling ... ( read original story ...)

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for ... ( read original story ...)

The Hong Kong Monetary Authority, the city’s de facto central bank, has since Thursday bought HK$51 billion of its own currency by selling US$6.54 billion worth of US dollars to defend the Hong Kong dollar, a move that its deputy chief executive said was ... ( read original story ...)

Hong Kong’s central bank is buying Hong Kong dollars for the first time since 2005. And lots of them, too. It follows a long slide in the local currency that took it to the lower end of its trading band against the U.S. dollar. In the first week alone of ... ( read original story ...

A 14-year HSBC veteran in Hong Kong has left for an expanding Asian bank in the city. https://news.efinancialcareers.com/sg-en/313325/morgan-stanley-jobs-asian-2018/ Mizuho has hired a 14-year HSBC veteran as a Hong Kong-based chief operating officer. ( read original story ...)

Stocks in Hong Kong rallied at mid day today, backed by oil shares as well as mainland banks. The benchmark Hang Seng Index spiked by 1.28 percent ... added 2.93 percent. Mainland bank shares gained broadly, with China Construction Bank (0939) up by ... ( read original story ...)

HONG KONG (Reuters) - Hong Kong’s central bank said on Thursday it has confidence in the financial hub’s more than three-decade old peg to the U.S. dollar, even as it continued to intervene to prop up the currency and as interbank rates jumped to a 10 ... ( read original story ...)

The Hong Kong Monetary Authority, the city’s de facto central bank, has since Thursday bought HK$51 billion of its own currency by selling US$6.54 billion worth of US dollars to defend the Hong Kong dollar, a move that its deputy chief executive said was ... ( read original story ...)