Asian markets tracked a record day on Wall Street Thursday, with Shanghai and Hong Kong supported by a Chinese central bank move to boost liquidity for major stock-buyers. The gains led a rally across ...
Hong Kong stocks rebound from sell-offs on PBOC’s US$70 billion stock buying facility
The Chinese central bank’s liquidity boosting tool sparks a 2.5 per cent surge in Hong Kong’s Hang Seng Index.
2024 HKGFA Annual Forum – Financing Asia’s Net Zero Transition
Hong Kong Green Finance Association ("HKGFA") hosted its Seventh Annual Forum in Hong Kong today, with the theme "Financing Asia's Net Zero Transition." Over 1,500 participants from Hong Kong, ...
Hong Kong Shares Fall; Markets Await Details on China Fiscal Measures
The Hang Seng closed 1.4% lower after a choppy trading session, with investors now focused on the Chinese finance ministry’s media briefing on Saturday for further fiscal measures.
HSBC appoints Global Chief Investment Officer and Head of Investments for Global Insurance
HSBC has appointed William Chan as Global Chief Investment Officer and Head of Investments for Global Insurance with immediate effect.
China Finance Ministry Calls Press Briefing, Firing Up Stimulus Hopes
China’s finance ministry is set to hold a media briefing Saturday, reigniting expectations that Beijing is readying fiscal stimulus to boost the economy.
Hong Kong consumers struggle with bills and loans despite rising incomes, TransUnion says
Rising incomes in Hong Kong are not easing financial stress, with 25 per cent of people unable to pay bills fully.
DBS head of institutional banking group in Hong Kong to depart
DBS Group Holdings’ head of institutional banking group Hong Kong, Wallace Lam, will be leaving South-east Asia’s biggest lender, according to a spokesperson. Read more at The Business Times.
HSBC appoints William Chan as investment head for global insurance
He leads a team of investment specialists in Hong Kong. HSBC has appointed William Chan as global chief investment officer and head of investments for global insurance, effective immediately. Chan is ...
Should Hong Kong banks pay you back if you are the victim of a financial scam?
About HK$4.5 billion in losses have been incurred from scam and fraud cases in the city in the first six months of 2024.
Hong Kong stocks crash, oil prices retreat on fading China boost
Mainland Chinese markets rallied Tuesday but were well off their morning highs, while Hong Kong tumbled as traders were left disappointed by a lack of detail on Beijing's raft of economic stimulus ...
Stock market today: Wall Street holds firmer after Hong Kong stocks fall to worst day since 2008
Shares soared Tuesday in Shanghai as Chinese markets reopened after a weeklong holiday but then gave up a chunk of their initial gains as officials in Beijing outlined details of plans to revive the ...
Hong Kong Market Sentiment Improves as Local Banks Follow U.S. Fed Interest Rate Cut
The Hong Kong Grade A office market witnessed positive net absorption for the fourth consecutive quarter in Q3 2024 to reach 324,100 sq ft, bringing the overall availability rate down to 19.3%.
Hang Seng Drowns By Over 2,100 Points; Washes Away Gains Made After Chinese Stimulus
The Hong Kong-based Hang Seng has had a tumultuous day of trading on October 8. The marquee index, based in the financial powerhouse of the Asian continent, collapsed in the intraday trade amid an ...