Wall Street is roaring toward records as a delayed reaction of jubilation sweeps markets worldwide following the Federal Reserve’s big cut to interest rates. The S&P 500 was 1.6% higher in early trading Thursday and above its all-time closing high set in July.
FS calls on Ministry of Finance
Mr Chan thanked the Ministry of Finance for its staunch support to Hong Kong in various areas. He then had in-depth exchanges with Mr Lan on the economic and financial situations of the Mainland, Hong ...
Hong Kong Makes First Rate Cut Since 2020, Boosting Economy
Hong Kong’s beleaguered real estate market looked set for some relief after the city cut its base interest rate for the first time since 2020, mirroring the Federal Reserve’s policy easing.Most Read ...
Midea’s Shares Jump on Hong Kong Debut After Raising $4 Billion
Shares of Chinese appliance maker Midea Group Co. rose in their debut after Hong Kong’s biggest listing in three years, reviving hopes of a turnaround for the city’s struggling market.
Two Hong Kong men jailed for seditious acts under new security law
A Hong Kong judge on Thursday jailed two men in the city's first sedition cases under a new national security law - one for wearing a shirt with a protest slogan and another for writing similar ...
India IPO frenzy continues as NTPC Green Energy plans $1.2 bn listing
The IPO boom comes as India's rapid economic expansion makes it a bright spot amid challenges facing peers such as China ...
HSBC to cut best lending rate in Hong Kong by 25 bps to 5.625%
HSBC Holdings said it was cutting its best lending rate in Hong Kong by 25 basis points to 5.625% from 5.875% effective Sept. 20. That followed a 50 basis points cut in the base rate charged through ...
HSBC cuts key rate in Hong Kong for the first time since 2019
HSBC Holdings cut its key benchmark rate in Hong Kong for the first time since 2019, a move likely to hit margins while bringing relief to homeowners and borrowers in the Asian financial hub. Read ...
Hong Kong banks cut prime rates by a quarter point in first drop in funds cost in 5 years
HSBC and Bank of China (Hong Kong) trimmed their prime lending rates by a quarter percentage point, leading the first rate cut among Hong Kong lenders since 2019.
Hong Kong’s financial officials warn borrowers to brace for a delay in the cost of funding
The pace of cuts in the prime rate used by commercial banks “may be slower” than those in the United States, warned the Financial Secretary Paul Chan.
Hong Kong cuts base rate by half point in lockstep with US Fed’s aggressive bid on economy
Hong Kong cut its base rate cut by 50 basis points for the first time in four years, kicking off a cycle that would help businesses and homeowners Hong Kong's de facto central bank cut its base ...
Hong Kong Cuts Rates for First Time in Four Years as Fed Eases
The Hong Kong Monetary Authority cut its base interest rate for the first time since 2020 after the Federal Reserve eased policy, in a move that should help loosen borrowing conditions in the ...
HK Govt to Announce Details of New Batch of Silver Bonds at 3 pm w/ Guaranteed Interest Rate Expected to be ~4%
The Hong Kong government announced that a press conference on the silver bonds will be held at 3 pm today (10th), and will be chaired by the Secretary for Financial Services and th... The Hong Kong ...
Midea sees its stock soar after US$4bil IPO
Shares in Chinese electronic appliance maker Midea surged more than 9% on its Hong Kong debut yesterday, having raised around US$4bil in the city’s biggest initial public offering (IPO) for more than three years.