Hong Kong will play host to a green and sustainable finance training event in June for several hundred policymakers, regulators and finance professionals in dozens of developing nations.
Year of the Dragon: Hong Kong banks line up fireworks dinners, lucky draws and boost deposit rates to entice new clients
Hong Kong banks have launched marketing campaigns to kick off the Year of the Dragon. The giveaways include fireworks dinners, lucky draws and air tickets to lock in new clients and entertain wealthy ...
‘Everyone looked real’: multinational firm’s Hong Kong office loses HK$200 million after scammers stage deepfake video meeting
Employee fooled after seeing digitally recreated versions of company's chief financial officer and others in video call Deepfake technology has been in the spotlight after fake explicit images of pop ...
Hong Kong: The Future Of Checking
Hong Kong Monetary Authority data indicated that in 2015, the cost to process each check locally was about HK$15, costing the banking sector about HK$2 billion a year. The territory’s banking ...
Hong Kong airport authority’s US$640 million retail bonds to fund new runway prove popular with investors in boost for city’s aviation hub ambitions
The 4.25 per cent, 2.5-year bonds were oversubscribed more than three times, totalling HK$15.69 billion (US$2 billion) from 175,178 applications 'The bonds have been allocated in accordance with the ...
HK banks keep prime rates unchanged
Hong Kong banks kept their prime rates unchanged on Thursday after the Hong Kong Monetary Authority (HKMA) held its base rate steady in line with ...
Hong Kong’s New Security Law Brings Anxiety to Finance Hub
Hong Kong’s leader John Lee has spent the past year trying to revive the city’s business environment that’s been battered by pandemic curbs and China’s economic slowdown. His decision to enact a ...
UPDATE 1-Hong Kong insurer FWD Group cuts around 50 jobs – sources
Hundreds of jobs have been cut among the major bulge bracket banks as Hong Kong IPO volumes fell to the lowest level in more than 10 years as the result of higher interest rates and ongoing global ...
Hong Kong insurer FWD Group said to have cut around 50 jobs, some in Singapore
SYDNEY - Asia-focused insurer FWD Group has cut around 50 jobs in its head offices this week, according to two sources with direct knowledge of the matter. Read more at straitstimes.com.
Hong Kong Stock Market May Extend Thursday’s Gains
The Hong Kong stock market on Thursday ended the two-day losing streak in which it had tumbled almost 600 points or 3.8 percent. The ...
Chinese mainland, Hong Kong move to promote financial cooperation, connectivity
BEIJING, Feb. 1 (Xinhua) -- China's central bank and the financial authority of the Hong Kong Special Administrative Region have jointly rolled out new measures to strengthen financial cooperation, ...
Hong Kong property deals surge to their highest since August as stable interest rates lure buyers
On Thursday, HSBC, Hong Kong’s largest lender, said it was keeping its prime rate unchanged at 5.875 per cent, while deposit rates were kept steady at 0.875 per cent per annum. Hang Seng Bank also ...
Stimulus Moves Give China And Hong Kong Stocks A Lift
Chinese and Hong Kong shares rallied again, propelling the Hang Seng another 545 points higher, a 3.6 percent jump from the previous close. Policy stimulus did not stop there. The central bank also ...
Hong Kong, Korea markets trade higher; India’s Paytm plunges 20%
Private PMI surveys show the worst of the slowdown in manufacturing activity in Asia, outside of China and Japan, could be over.