Hong Kong stocks dropped extending last week’s decline ... stoking concerns of higher inflation and intensified geopolitical tensions. Meanwhile, the People’s Bank of China on Monday cut both the ...
China cuts short and long-term rates
China cut short and long-term rates by 10 basis points on Monday, with the central bank saying it was aiming to support growth. The move follows Beijing's release of a policy document on Sunday ...
Asia stocks skid as China trims rates; Biden bows out
Asian shares tread cautiously on Monday ahead of a packed week of corporate earnings that should test the sky-high valuations of tech stocks, while investors hope a key reading in U.S. inflation will ...
HSBC HOLDINGS (00005.HK) Buys Back Over 3.25M Shrs for $216M Last Fri
HSBC HOLDINGS (00005.HK) announced that it bought back 3.25 million shares on the Hong Kong Stock Exchange last Friday (19 July) at prices ranging from $66.3 to $66.8 per share, with a weighted ...
BBMSL Partners with PayMe by HSBC to Enhance Payment Options for Hong Kong Customers
BBMSL, a leading payment solutions provider in Hong Kong, announced a strategic collaboration with PayMe by HSBC today, becoming a payment acquirer for one of the territory's most popular digital ...
Exploring Three Undervalued Small Caps In Hong Kong With Insider Actions
Amidst a backdrop of fluctuating global markets, the Hong Kong small-cap sector presents a unique landscape for investors. While broader indices have shown mixed results, the resilience and potential ...
BOC Hong Kong (Holdings) Limited (BOF.F)
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China’s central bank battles perceptions that deflation is taking hold
HONG KONG -- China's economy faces growing deflationary pressure, and its central bank is trying to keep pessimism at bay by pushing up interest rates. This month, the People's Bank of China (PBOC) ...
First Hong Kong e-commerce festival to help city brands expand into mainland China to be held
Financial Secretary Paul Chan says ‘considerable room for growth’ in e-commerce and new festival will boost profile of city businesses on mainland.
HSBC names veteran Elhedery as CEO, signals continuity in strategy
HSBC Holdings Plc has appointed its Chief Financial Officer Georges Elhedery as its next CEO, the bank said on Wednesday, opting for continuity as it tries to kickstart growth. Elhedery, 50, who ...
Hong Kong stocks slide as China’s third plenum underwhelms, geopolitical angst weighs
Hong Kong stocks tumbled on Friday after China's third plenum announcement ... reflecting Beijing's concerns about risks in its financial system. Story continues Investment banks and fund managers ...
{Hot Stocks}HANG SENG BANK quoted at HK$99.2, down 2.9%
[ET Net News Agency, 19 July 2024] HANG SENG BANK (00011) fell 2.9% to HK$99.2, dipping below the 20-D SMA of HK$100.812. It hits an intra-day low of HK$99.1, and an intra-day high of HK$102.2. The ...
HANG SENG BANK Buys back 200K Shrs for $20.47M
HANG SENG BANK (00011.HK) announced that it repurchased 200,000 shares of the company today (18th) at $101.3-103 per share, involving $20.4708 million. Since the ordinary resolution was passed, the ...
Hong Kong paves way for UAE listings, recognising Dubai, Abu Dhabi stock exchanges
Move to attract more Gulf companies to list comes as government advisory body studies Islamic finance to align the city’s financial infrastructure with the needs of the Middle East.