Tag: finance

Moody’s Investors Service’s decision to downgrade Hong Kong’s debt rating last week was based on “shallow” evidence, Hong Kong Financial Secretary Paul Chan wrote in a blog on Sunday. “The evidence on which the ratings company mechanically ... ( read original story ...)

... s debt rating based on the very close economic relationship between Hong Kong and the mainland is shallow,” Chan wrote in a blog on the official website of the financial secretary. Enhancing cooperation with the mainland cannot be considered ... ( read original story ...)

HSBC, Standard Chartered, Bank of China (Hong Kong) and Hang Seng Bank all announced raising their Hibor-linked mortgage rates by 10 basis points to 1.4 per cent above the city’s interbank offered rate, or Hibor. The new rates at HSBC and Standard ... ( read original story ...)

Hong Kong and Macau have launched simultaneous shake-ups of the systems they have in place to tackle the growing menace of money laundering, financial crime and the funding of terrorist groups. In separate yet starkly similar announcements issued late ... ( read original story ...)

BOC International invested via its fund unit, Bohai Zhongsheng. China Everbright Ltd's Guangkong Zhongying Capital, SBCVC, and Hong Kong-based Radiant Venture Capital also participated in the round. Founded in 2015 in Beijing, G-banker allows users to ... ( read original story ...)

the better," said Hong Kong resident Ho Sui-kit, a freelancer in his 40s who hoped to help his son pay the downpayment to buy a three-bedroom apartment. Ho said he would choose a mortgage plan promoted by the developer, where its subsidiary finance company ... ( read original story ...)

HONG KONG BOC Aviation Ltd on Friday said it would buy six new aircraft from Airbus for an aggregate list price of $1.05 billion as the aircraft lessor builds its balance sheet by investing in modern, efficient and in-demand aircraft. The Hong Kong-listed ... ( read original story ...)

The subsidiary of BOC Aviation (Cayman) Ltd. has entered into an agreement with Airbus to buy two new A320neo aircraft, two new A321neo aircraft and two new A330-900 planes, the Hong Kong-listed company said in a stock exchange filing on Friday. ( read original story ...)

HONG KONG, May 26 (Reuters) - BOC Aviation Ltd on Friday said it would buy six new aircraft from Airbus for an aggregate list price of $1.05 billion as the aircraft lessor builds its balance sheet by investing in modern, efficient and in ... ( read original story ...)

namely DBS Hong Kong, BOC Hong Kong, Citibank and Dah Sing Bank.Samsung Pay directly challenges Apple Pay, launched last year in partnership with some of the SAR's largest banks - HSBC, ... The global battle between Apple and Samsung shifts to Hong Kong ... ( read original story ...)

BOC Credit Card, a unit of Bank of China Hong Kong, said customers who pay with Samsung Pay using its Visas or Mastercards will be eligible for discounts at retailers Mannings and 7-Eleven. Citi is offering customers free Samsung Galaxy S8s and a cash ... ( read original story ...)

Payments through AlipayHK, which handles mobile payments in Hong Kong dollars, will be accepted at more than 2,000 stores in the city from Thursday, said Ant Financial Services Group, an Alibaba Group affiliate that runs the platform. "Introducing local ... ( read original story ...)

HONG KONG May 24 WuXi Biologics (Cayman) Inc, a Chinese contract drug research and development company, plans to launch on Thursday an initial public offering of up to $513 million in Hong Kong, IFR reported, citing people close to the deal. The company is ... ( read original story ...)

“The BoC can take some comfort in the cautious tone delivered ... with the loonie worth just about 74 cents (U.S.). Tokyo’s Nikkei gained 0.7 per cent, while Hong Kong’s Hang Seng and the Shanghai composite each rose by about 0.1 per cent. ( read original story ...)