The Hong Kong Monetary Authority (HKMA) on Wednesday said the city's banking system does not have high exposure to the debt-ridden developer China Evergrande, but noted the current challenging credit ...
Chinese-owned Amer Sports’ IPO faces weak U.S. investor appetite
HONG KONG -- Amer Sports, the Chinese-owned sports equipment and apparel maker whose brands include Wilson and Louisville Slugger, will begin trading in New York on Thursday in a listing that is set ...
HSBC keeps prime rate unchanged
HSBC kept its prime rate unchanged on Thursday after the Hong Kong Monetary Authority (HKMA) held its base rate steady in line with the US Federal ...
Hong Kong central bank leaves interest rate unchanged, tracks US Fed
THE Hong Kong Monetary Authority (HKMA) on Thursday (Feb 1) left its base rate charged through the overnight discount window unchanged at 5.75 per cent, in line with the US Federal Reserve’s decision ...
Amer Sports discounts IPO as investors fret about its reliance on China
It priced its IPO at US$13 per share, below its US$16 to US$18 per share indicated range Read more at straitstimes.com.
Hong Kong stocks waver near 1-week low as Fed damps March rate-cut bets, Alibaba, Tencent rebound while developers slip
Chair Jerome Powell said the US central bank was not likely to ease in March, adding that it needed greater confidence that ensure inflation is slowing sustainably towards its mandate of 2 per cent.
Plutus Finance Files for IPO
By Ben Glickman Financial-services firm Plutus Financial Group on Wednesday filed for an initial public offering with the Securities and Exchange ...
Kayou Rides Collectible Toy Boom To Hong Kong IPO
Collectible toymaker Kayou has filed for a Hong Kong IPO, with CICC, Morgan Stanley and JPMorgan as underwriters The market for collectible toys in China is growing fast, catering to consumers from th ...
Hong Kong Regulator Accepts First Application For A Spot Bitcoin ETF
A local financial firm is reportedly in the advanced stages of planning to launch funds in the first quarter of 2024.
Hong Kong Q4 GDP Expands 4.3% Y/y, Slower Than Forecast
HONG KONG (Reuters) - Hong Kong's economic growth accelerated in the fourth quarter to 4.3% from a year earlier, official advance estimates showed on Wednesday, with inbound tourism and private ...
Hong Kong Economy Rebounds To Expand 3.2% In 2023
Hong Kong's economy rebounded to record 3.2 percent growth in 2023, benefiting from a rise in inbound tourism and private consumption but weighed down by China's lacklustre post-pandemic recovery.
Hong Kong’s banks report a bumper year in 2023 as record interest rates bloat margins and fatten pre-tax profits
Hong Kong banks’ net interest margin – the gap between the rate charged on loans and the interest paid for deposits – widened last year to the fattest in four years at 1.68 per cent, the HKMA’s data ...
How HSBC became the world’s most accident-prone bank
The Bank of England’s Prudential Regulation Authority (PRA), which keeps Britain’s finance system on an even keel, fined HSBC £57.4m for filing to flag thousands of customers accounts as being ...
BOC Hong Kong (Holdings) Ltd. ADR
No significant news for in the past two years. Key Stock Data P/E Ratio (TTM) The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing ...