Tag: finance

But jobless rate expected to top out and gradually improve as long as pandemic continues to stabilise, financial secretary Paul Chan says. ( read original story ...)

Limited (OTCMKTS:BHKLY – Get Rating) was the target of a large increase in short interest in April. As of April 30th, there was short interest totalling 5,200 shares, an increase of 40.5% from the ... ( read original story ...)

The Hong Kong Monetary Authority dipped into its foreign-exchange reserves for the first time in three years to shore up the local currency against a surging greenback. ( read original story ...)

Officers arrest 17 men, five women in raids on various places, including call centre in Kwai Chung and two financial intermediaries in Mong Kok Division of work in the syndicate was 'sophisticated', ... ( read original story ...)

twice buying Hong Kong dollars to stop the local currency weakening and breaking its peg to the US dollar. The de facto central bank bought HK$1.586 billion (US$202 million) from the market in ... ( read original story ...)

While Hong Kong’s US$466bil (RM2 trillion) foreign-reserves stockpile and plentiful interbank liquidity suggest little chance of an imminent crisis, signs of financial stress are building. This week ... ( read original story ...)

Hong Kong's economy contracted by 4% in the first quarter from the same period a year earlier, government data showed on Friday, ending four quarters of recovery as the city imposed its most stringent ... ( read original story ...)

“We discovered that some of the accounts had 1,000 transactions involving more than HK$100,000, in a single day,” the senior inspector said. Tuen added that dividing a large sum of money into smaller ... ( read original story ...)

About 65% of HSBC’s of pretax profit last year came from Asia, and Hong Kong is the bank’s single largest market. However, HSBC has argued that while Asia appears to be the dominant source of its ... ( read original story ...)

Hong Kong's financial sector and universities are working together to equip the city's professionals with the knowledge and skills they need to tap the huge decarbonisation opportunities in China, an ... ( read original story ...)

Financial Secretary Paul Chan had already warned Sunday that pressures from Covid outbreaks and the US Federal Reserve’s interest rate hikes will inevitably push Hong Kong to cut its growth forecast ... ( read original story ...)

HSBC HOLDINGS (00005.HK) announced that it had repurchased a total of 1.7472 million shares in the London and Hong Kong markets yesterday (12th), involving approximately HKD81.0329 million. The group ... ( read original story ...)

The city’s de facto central bank stepped into the currency market again on Friday morning, its third intervention in two days to lift the local dollar from its weakest level in more than three years. ( read original story ...)

HSBC said on Thursday that it plans to lend US$1 billion to women-owned businesses through its newly launched Female Entrepreneur Fund in Hong Kong and 10 other markets over the next 12 months. The ... ( read original story ...)