CNY for cross-boundary settlement of RM24m (approximately US$5.13m), the first-time that BOCHK did so. To do this, BOCHK set up an e-CNY wallet on its corporate internet banking platform iGTB NET ...
HK Corporate Governance Tumbles to Decades Low
Hong Kong’s corporate governance ranking in Asia tumbled to the lowest level in decades, falling behind those of Japan and Singapore, amid concerns about the deterioration of minority shareholder ...
Hong Kong keeps base rate steady at 5.75% as Fed holds fire before holidays in 2023’s final meeting
The Hong Kong Monetary Authority (HKMA) maintained its base rate at 5.75 per cent on Thursday Analysts believe the Fed has reached its peak rate level, but the US central bank is unlikely to lower ...
Hong Kong’s Ocean Park posts HK$118.5 million surplus after years of running deficits
Park chairman Paulo Pong attributes better performance to reopening of city’s borders and company’s strategies.
China’s finance ministry officials meet Hong Kong and global bankers on boosting city’s finance-hub role: sources
The officials are soliciting views from the city’s three note-issuing banks and foreign bankers on how Hong Kong can increase its competitiveness as a financial centre, sources say.
Hong Kong, mainland China to launch scheme this month to make sharing of personal data easier in Greater Bay Area, first phase to cover banking, healthcare sectors
Hong Kong and mainland China will launch a pilot scheme this month to enable easier cross-border data transfers in the Greater Bay Area in an unprecedented move aimed at breaking down information ...
HSBC looks to mergers to expand footprint, serve wealthy customers in Asia, bank chief says
HSBC Asset Management agreed to buy Singapore-based SilkRoad Property Partners this week to enter into real estate business The lender's Asia-Pacific head said its acquisitions, including that of ...
Hong Kong stocks slide as China offers no fresh stimulus, omits mention on property market in key policy meeting
Stocks slip, reflecting disappointment over the lack of fresh stimulus from Beijing, or new measures to revive the housing market. The city’s equity market is heading for an unprecedented fourth year ...
Hong Kong’s property pain may soon get real
HONG KONG, Dec 13 (Reuters Breakingviews ... It raises the pressure to act on the issue and it means property prices in the financial hub could fall a lot further. A bigger apartment is one of the ...
China policymakers visit Hong Kong to boost finance hub
CHINA’S financial policymakers are in Hong Kong this week meeting bankers to seek ways to bolster the city’s status as a hub for investments, deals and talent. Read more at The Business Times.
Hong Kong stocks drop as China offers no fresh stimulus, omits mention on property market in key policy meeting
Stocks slip, reflecting disappointment over the lack of fresh stimulus from Beijing, or new measures to revive the housing market. The city’s equity market is heading for an unprecedented fourth year ...
Hong Kong professionals should expect salaries to remain static next year, Robert Walters survey finds
Hong Kong professionals should expect salaries to remain static in 2024, with 81 per cent of employers saying increments will be below 6 per cent, according to Robert Walters Group.
JPMorgan to outsource $500B custody business in Hong Kong, Taiwan
JPMorgan Chase is set to outsource the operations of its local custody business in Hong Kong and Taiwan with Citigroup, HSBC and Standard Chartered in the race for the mandate, two sources with ...
Chinese billionaire Wang Jianlin loses control of Hong Kong IPO candidate in deal to avert US$5.3 billion crunch
Chinese billionaire Wang Jianlin will relinquish control of his key shopping-mall management unit under a deal with investors just in time to avoid a 38 billion yuan (US$5.3 billion) redemption before ...