and Bank of China Hong Kong (BOCHK) – followed suit, trimming the cost of borrowing to the lowest level in two years. BOCHK, HSBC and its subsidiary Hang Seng Bank will trim their prime rate by a ...
Hong Kong’s base interest rate drops to 5% after Fed’s quarter-point cut
Hong Kong’s de facto central bank has cut its base interest rate ... economic and trade policies,” the HKMA said in a statement after the rate cut. “The risk of global financial market volatility ...
Hong Kong central bank cuts interest rate after Fed move, banks follow
Major Hong Kong banks followed with HSBC cutting its Hong Kong dollar best lending rate by 25 basis points and Bank of China (Hong Kong) also cutting its Hong Kong dollar prime rate by the same ...
HSBC cuts prime rate by quarter point in second round of tonic for Hong Kong economy
HSBC, the biggest commercial bank in Hong Kong, lowered its prime lending rate for a second time this year, trimming borrowing costs for consumers and businesses. Bank of China’s local unit matched ...
APT Electronics, Hong Kong’s second-hottest IPO, surges 16% in trading debut
IPO of Chinese auto-parts maker attracted 5,678 times in subscription from Hong Kong retail investors, trailing only Kwai Chung's 2018 offering APT Electronics, a Chinese lighting devices supplier, ...
Bank of China Hong Kong unveils AI chatbot to foster love of Tang dynasty poetry
Era is known as the golden age of Chinese literature; application allows users to create personalised poems in the traditional style.
Hong Kong’s base interest rate drops to 5 per cent after Fed’s quarter-point cut
Together with the half-percentage-point cut in September, Hong Kong's key rate has now fallen back to February 2023's level Hong Kong's de facto central bank has cut its base interest rate for the ...
HSBC HOLDINGS May Announce New Round of Layoffs within Weeks to Streamline Structure
Michael Roberts, head of HSBC HOLDINGS (00005.HK)'s newly established global wholesale banking unit, said the bank will seek to wrap up the ongoing restructuring very swiftly and may announce the ...
HSBC HOLDINGS Buys Back Total 8.81M+ Shrs for $638M Ytd
HSBC HOLDINGS (00005.HK) repurchased a total of 8.8119 million shares in the UK and Hong Kong markets yesterday (7th), involving a total amount of $638 million, according to HSBC HOLDINGS' ...
Hong Kong financial secretary highlights strategy to bolster regional insurance leadership
At the 2024 Insurance Summit held on Nov. 7, Financial Secretary Paul Chan highlighted Hong Kong’s key role in the insurance sector and outlined a range of initiatives aimed at strengthening its ...
Hang Seng Index Celebrates 55 Years of Market Leadership
The Pulse of Hong Kong's Markets for Over Half a Century HONG KONG, Nov. 7, 2024 /PRNewswire/ -- Hang Seng Indexes Company Limited ('HSIL'), a wholly- owned subsidiary of Hang Seng Bank, today ...
Nearly six in 10 Hong Kong employees expect year-end bonus: report
Nearly 60% of employees in Hong Kong are expecting a year-end bonus that they can save or use as travel funds, according to a new survey from the Standard Chartered Bank Ltd. The poll, which surveyed ...
HSBC can stand strong in a fragmenting world
When HSBC ,opened its doors in Hong Kong and Shanghai in 1865, Chinese trade flows were just bubbling up again after the Second Opium War between the ruling Qing dynasty and British and French ...
Hong Kong Shares Fall 0.6% Amid Fears of U.S. Tariffs
Hong Kong’s benchmark Hang Seng Index rose 1.0% to 20745.74 around midday, reversing earlier losses on hopes for large-size fiscal stimulus from China.