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Tag: finance

Posted on 12/08/2024

Hong Kong stocks dip as casino, property sectors weigh; Asian markets advance

Signs of easing from China’s central bank failed to overturn the mood. The People’s Bank of China pledged to “create a favourable monetary and financial environment for achieving the full-year ...

Posted on 12/08/2024

China’s treasury market rattled as central bank squares off with bulls

Chinese government bonds fell sharply on Monday following a turbulent week in which the central bank started intervening heavily to stem a plunge in long-dated yields even as the economy is struggling ...

Posted on 12/08/2024

HSBC’s Wealth Push Is a Good Story Only Half Told

Georges Elhedery, the incoming CEO, needs to prove that managing money can replace income from units squeezed by interest-rate declines.

Posted on 12/08/2024

Hong Kong Top Court Upholds Jimmy Lai’s Protest Conviction

Hong Kong’s highest court upheld former media mogul Jimmy Lai’s conviction for joining a banned pro-democracy protest, a move that comes as the city’s judiciary faces increased scrutiny due to a ...

Posted on 12/08/2024

Payment Asia Becomes Exclusive Payment Gateway Partner of Hong Kong FinTech Week 2024

In an exciting advancement for the fintech community, Payment Asia has become the Exclusive Payment Gateway Partner for Hong Kong FinTech Week 2024, marking its second consecutive year in this role.

Posted on 12/08/2024

China’s bond market rattled as central bank squares off with bond bulls

China's bond market, the world's second largest, is on edge following a turbulent week in which the central bank started intervening heavily to stem a plunge in yields even as the economy is ...

Posted on 12/08/2024

Crypto firms in Hong Kong face banking hurdles, says LegCo member

Johnny Ng has called on the government and banks to ease restrictions on banking services for crypto and Web3 companies.

Posted on 12/08/2024

Hong Kong’s fintech body eyes bigger plans in Greater Bay, stronger links with Shenzhen

The city’s fintech association wants to expand its programmes in the Greater Bay Area and strengthen ties with its Shenzhen counterpart, says newly appointed chair Lareina Wang.

Posted on 12/08/2024

Hong Kong must be ‘3 centres, 1 hub’ under plan from China’s third plenum: Paul Chan

City must position itself as international centre for finance, shipping and trade, and a major talent hub, finance chief says in blog post.

Posted on 11/08/2024

Hong Kong must be ‘3 centres and 1 hub’, as stated in China’s third plenum: Paul Chan

City must position itself as international centre for finance, shipping and trade, and a major talent hub, finance chief says in blog post.

Posted on 11/08/2024

Stanchart HK Puts HKD Best Lending Rate On Hold

Limited announced that its HKD Best Lending Rate remains unchanged at 6.125% per annum. There is also no change to its rates for the HKD savings... Standard Chartered Bank (Hong Kong) Limited ...

Posted on 11/08/2024

MIDAS SHARE TIPS: £116bn giant HSBC could help to bolster YOUR bank account

My friend is not alone. Millions of people are signing up to so-called 'challenger' banks, those technically savvy, online-only businesses that offer new accounts in minutes and plenty of ...

Posted on 09/08/2024

After Fleeing Repression, Hong Kongers in Exile Face Financial Blockades

The denial of Hong Kongers’ savings is just one piece of the puzzle of transnational repression against the Hong Kong diaspora.

Posted on 09/08/2024

Hong Kong virtual banks eye Web3 growth despite regulatory hurdles

Hong Kong’s virtual banks are reportedly at a critical juncture. They currently capture only a small fraction of the financial market and hold 0.3% of the assets of all retail banks. According to the ...

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