Stocks rally with regional markets following overnight gains in US equities as programme-buying said to kick in after a major sell-off this year Almost all of the 73 Hang Seng Index members rose, ... ( read original story ...)
Hong Kong, Singapore offer best mobile banking experience in Asia, fifth globally, study shows
Hong Kong mobile banking apps scored 18 per cent more on average than a year earlier, reflecting better user experience and more functions, Sia Partners' study shows Hong Kong's ZA Bank, Mox Bank and ... ( read original story ...)
Bank of China: Digital yuan transactions volume crossed $14B mark
China’s central bank digital currency (CBDC) project has reached the mark of 100.04 billion yuan, making e-CNY the most widely adopted CBDC in the world. ( read original story ...)
Investors keep dumping Alibaba, HSBC as Hong Kong stocks limp, Beijing hardens zero-Covid stance and UK roils global markets
Stocks find no support at home and abroad even after a major rout this week as risk-off sentiment pervades local and regional markets. ( read original story ...)
Hong Kong hopes China Congress could revive economy, reverse IPO slump
Hong Kong dealmakers expect China's 20th Party Congress next week to herald a shift in focus in Beijing back towards business and economic issues that could help revive the city's IPO issuance from ... ( read original story ...)
Hong Kong eyes property tax cut, visa moves to reverse Covid brain drain
Hong Kong is considering easing property taxes and visa restrictions as authorities seek to curb a pandemic brain drain that’s threatened the city’s status as an international financial hub. ( read original story ...)
Hong Kong’s commitment to E, S and G: the three letters that spell out a more equitable tomorrow
Pick up any quality media in 2022 and the reader will increasingly see three bold letters jumping from the business sections. The conspicuous E, S and G stand for “Environmental, Social and Governance ... ( read original story ...)
Hang Seng stocks drop more than 2% in mixed Asia trade amid fears of slowing growth
Japan was near the flatline to +0.02%.China -1.23%, and the Shenzhen Component dipped 1.36%.Banks in China extended ¥2.47T of new loans in September, compared with ¥1.25T in ... ( read original story ...)
Investors keep dumping Alibaba, Tencent, HSBC as Hong Kong stocks limp, Beijing hardens zero-Covid stance and UK roils global markets
Alibaba Group Holding fell 4.5 per cent to HK$72.60, and Tencent lost 2.4 per cent to HK$248.40 while HSBC slid 2.8 per cent to HK$38.60. Restaurant operator Haidilao slumped 7.3 per cent to HK$13.28, ... ( read original story ...)
BOC Hong Kong Ltd. (BHKLY) Could Find Support Soon, Here’s Why You Should Buy the Stock Now
Shares of BOC Hong Kong Ltd. (BHKLY) have been struggling lately and have lost 5.5% over the past two weeks. However, a hammer chart pattern was formed in its last trading session, which could mean ... ( read original story ...)
Sick IPO? Clifford Medical Eyes Listing Despite Huge Reliance on Single Hospital
Clifford Medical has filed for a Hong Kong IPO, even though its financials have been volatile in recent years and a single hospital contributes 94% of its revenue The company has a high debt burden du ... ( read original story ...)
Hong Kong nixes U.S. sanctions on Russian-owned superyacht
The $500-million superyacht Nord moored in Hong Kong’s harbor on Wednesday following a weeklong journey from the Russian city of Vladivostok. ( read original story ...)
HSBC expands China private banking network, adds two new branches
HSBC Global Private Banking said on Tuesday it has opened two new branches in the large Chinese cities of Chengdu and Hangzhou, in a push to capture a bigger share of China's wealth market.The bank ... ( read original story ...)
Hang Seng slumps to sub-17,000 finish
Hong Kong stocks sank again Tuesday as traders remained spooked by central bank interest rate hikes to tame inflation, with many fearing they will ... ( read original story ...)