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Tag: finance

Posted on 14/06/2024

Hang Seng Index opens lower ahead of BOJ decision

Hong Kong stocks slipped at the opening of trading on Friday morning as investors awaited a key policy decision by the Bank of Japan later in the ...

Posted on 14/06/2024

US sanctions Hong Kong companies for alleged support of Russia’s ‘war economy’

The US Department of Treasury sanctioned Hong Kong companies under Executive Order (EO) 14024 on Wednesday in response to the companies' alleged support of Russia's economy amid the War in Ukraine.

Posted on 14/06/2024

Hong Kong rule of law ‘profoundly compromised’, says British judge who quit post there

The rule of law in Hong Kong is "profoundly compromised" in areas of the law where the government has strong opinions, a British judge who recently resigned from the top Hong Kong appeals court said ...

Posted on 14/06/2024

Chinese tech stars Alibaba, JD fuel convertible bond surge, likely ‘precursor’ to IPO rush

“Our hope is that this would be a precursor or a preview for eventually the IPO market to come back,” he said. Funds raised by new listings on the Hong Kong stock exchange fell 32 per cent in the ...

Posted on 14/06/2024

Six Hong Kong banks stand pat on rates as wait for borrowing-cost relief extends

HSBC, Hong Kong’s biggest note-issuing bank, and DBS Hong Kong will keep their key lending and deposit rates unchanged, meaning mortgage borrowers and companies face a longer wait for relief.

Posted on 13/06/2024

Climate change: Budget, stakeholder engagement are ‘main challenges for Hong Kong firms’

The availability of financial support and engagement with stakeholders are the top decarbonisation challenges faced by Hong Kong firms even as they report substantial reductions in harmful emissions, ...

Posted on 13/06/2024

Developing | Hong Kong keeps rate steady for 7th time as traders shift hope of cuts to later this year

The prime rate at BOCHK, HSBC and its subsidiary Hang Seng Bank is set at 5.875 per cent. The rate at Standard Chartered, Bank of East Asia, Citigroup, CCB Asia and other lenders stands at 6.125 per ...

Posted on 13/06/2024

Hong Kong keeps rate steady for seventh time as traders shift hope of cuts to later this year

Hong Kong's de facto central bank kept its base rate unchanged for the seventh time - with local lenders following suit - as traders in the financial markets shift their attention to later this year ...

Posted on 13/06/2024

QuantumPharm soars in Hong Kong trading debut as traders bet on AI-backed drug researcher

QuantumPharm’s shares soared on their trading debut in Hong Kong, as traders piled into the stock even before the AI-powered pharmaceuticals researcher posted any profit. Trading under the stock code ...

Posted on 13/06/2024

Hong Kong lenders HSBC, DBS stand pat on rates as wait for borrowing-cost relief extends

HSBC, Hong Kong’s biggest note-issuing bank, and DBS Hong Kong will keep their key lending and deposit rates unchanged, meaning mortgage borrowers and companies face a longer wait for relief from high ...

Posted on 13/06/2024

Hong Kong Pop Star-Backed Esports Firm NIP Group Files for US IPO

NIP Group Inc., an esports company that counts Hong Kong singer Jackson Wang among its backers, has filed for an initial public offering in the US.Most Read from BloombergHunter Biden Was Convicted.

Posted on 13/06/2024

HSBC, DBS Hong Kong stand pat on interest rates as wait for borrowing-cost relief extends

HSBC, Hong Kong’s biggest note-issuing bank, and DBS Hong Kong will keep their key lending and deposit rates unchanged, meaning mortgage borrowers and companies face a longer wait for relief.

Posted on 13/06/2024

HSBC Buys back ~4.96M Shrs for HKD336M in Total Ytd

HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 4.9557 million shares of the company for a total of HKD336 million yesterday (12th) in the UK and Hong Kong markets. Among which, HSBC ...

Posted on 13/06/2024

QuantumPharm rises in Hong Kong trading debut as traders bet on AI-backed drug researcher

QuantumPharm is the first company to list under Chapter 18C, a new regime introduced more than a year ago for pre-revenue specialist technology firms.

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