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Tag: finance

Posted on 23/03/2024

Didi Global’s Revenue Jumps Ahead of Its Planned Hong Kong IPO

Didi Global Inc.’s fourth-quarter revenue rose 55% from a year earlier, sustaining the Chinese ride-hailing leader’s gradual recovery ahead of a planned listing in Hong Kong this year.

Posted on 23/03/2024

Hong Kong’s new national security law comes into force

The law took effect days after Hong Kong's pro-Beijing lawmakers passed it unanimously, fast-tracking legislation to plug what authorities called national security loopholes.

Posted on 23/03/2024

BOC Aviation Completes Repossession Of Russian AirBridgeCargo Boeing 747s

AirBridgeCargo in Russia at the start of the full-scale invasion of Ukraine. The last aircraft, a nine-year-old 747-8F, flying with its Bermudan registration of VQ-BFU, arrived at Shanghai’s Pudong ...

Posted on 22/03/2024

Hong Kong stocks jump after US Federal Reserve’s dovish signals, property sector outperforms on rate cut hopes

Hong Kong stocks made a firm start after the US Federal Reserve’s dovish outlook brightened the prospects of lower funding costs in the months ahead.

Posted on 21/03/2024

Hong Kong central bank flags e-HKD investment scams

The Hong Kong Monetary Authority (HKMA) has issued a public warning about certain organizations. These groups falsely claim an association with its e-HKD pilot projects. The central bank’s advisory ...

Posted on 21/03/2024

Group allegedly financed by Hong Kong media mogul Jimmy Lai prepared ‘sanctions list’ for US, court hears

An activist group allegedly financed by media mogul Jimmy Lai prepared a list of proposed sanctions targets – including Hong Kong’s leader and top officials – which was intended for presentation to ...

Posted on 21/03/2024

Hong Kong tycoon Victor Li says city must do whatever it takes to maintain financial hub status

There are only a few [international financial centres], and Hong Kong is one of them. It is hard-won. We must not lose this place,' CK Hutchison and CK Asset chairman says CK Hutchison posted a 9 per ...

Posted on 21/03/2024

Hong Kong holds base rate at 5.75% after Fed’s unanimous vote to keep watching for signs of slowing US inflation

Hong Kong kept its key interest rate unchanged in lockstep with the Federal Reserve’s overnight decision, as sticky US inflation forced global investors to push back bets on a rate cut to mid-June.

Posted on 21/03/2024

Hong Kong Central Bank Raises Red Flag on Deceptive Digital Currency Trial Entities

Hong Kong's central bank cautioned the public Wednesday about schemes falsely claiming association with its e-HKD pilot projects.

Posted on 21/03/2024

HSBC leaves prime lending and deposit rates unchanged as borrowers eye interest relief later this year

HSBC is keeping its prime lending rate unchanged at 5.875 per cent, paying 0.875 per cent per annum for deposits Other lenders will announce their decisions later today Hong Kong's biggest lender HSBC ...

Posted on 21/03/2024

Hong Kong holds base rate steady at 5.75% after Fed’s unanimous vote to keep watching for signs of falling US inflation

Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access information on a device and to provide personalised ads and content, ad and ...

Posted on 21/03/2024

HSBC HOLDINGS Buys back 7.53M+ Shrs for HKD443M Ytd

HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 7.5334 million shares of the company yesterday (12th) in the UK and Hong Kong markets for a total of HKD443 millio... HSBC HOLDINGS ...

Posted on 20/03/2024

Bank of America cuts back on office space in Hong Kong amid impending new supply

US banking giant Bank of America plans to relinquish a big chunk of prime office space in Hong Kong as part of cost-saving measures in response to the headwinds facing the financial industry. Bank of ...

Posted on 20/03/2024

Woori Bank to discuss proactive compensation for HK-tied ELS losses

Woori Bank is expected to proactively compensate investors who have suffered financial losses from equity-linked securities (ELS) tied to the performance of the Hang Seng China Enterprises Index, ...

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