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Tag: finance

Posted on 19/07/2023

China’s finance ministry to issue sovereign yuan bonds in Hong Kong next month

BEIJING, July 19 (Xinhua) -- China's finance ministry will issue 12 billion yuan (about 1.68 billion U.S. dollars) of yuan-denominated bonds in the Hong Kong Special Administrative Region next month, ...

Posted on 19/07/2023

China Names Ex-Intelligence Official as Hong Kong Security Chief

China named a former top official from its secret intelligence agency the new head of Beijing’s national security office in Hong Kong, as the finance hub continues to crack down on dissent.

Posted on 19/07/2023

Hong Kong’s security appointee signals resolve for tight control

China's appointment of a top intelligence official to run Hong Kong's national security regime underscores its determination to tighten its grip on the financial hub, according to diplomats and ...

Posted on 19/07/2023

China, Hong Kong stocks extend losses, focus on stimulus

China and Hong stocks extended losses on Wednesday, with frail economic data continuing to weigh on sentiment as investors wait for meaningful stimulus as the next catalyst.

Posted on 19/07/2023

HSBC Buys Back 4.74M Shrs for About $299M Ytd

HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 4.7464 million shares in the UK and Hong Kong markets yesterday (18th), involving a total of about HK$299 million. Of these, 2.2464 ...

Posted on 19/07/2023

Higher Open Projected For Hong Kong Stock Market

(RTTNews) - The Hong Kong stock market on Tuesday wrote a finish to the five-day winning streak in which it had surged almost 1,100 points or 6 percent. The Hang Seng Index now sits just above the ...

Posted on 19/07/2023

Hong Kong talent war means new bank hires get 30% jump in pay

Finance and technology professionals in Hong Kong typically command higher pay than in the rival hub of Singapore. Read more at straitstimes.com.

Posted on 18/07/2023

Boyu Capital to buy Hong Kong-based medical device maker Quasar from Longreach Group in US$600 million deal

Buyout firm beat out other suitors for the Longreach Group-owned firm, including companies in the industry and other private-equity firms, sources say.

Posted on 18/07/2023

Hong Kong stocks tumble 2%, dragged by property and tech; Asia markets mixed

Australia's central bank will release the minutes for its July meeting Tuesday, which will detail its rationale for holding rates and its future outlook.

Posted on 18/07/2023

Hong Kong-based global banks reject crypto transactions citing money laundering concerns

The China crypto narrative recently slowed down when banks raised concerns about the anti-money laundering procedures. Hong Kong’s government has been inviting crypto firms to China’s SAR, however, ...

Posted on 18/07/2023

China’s digital currency: Bank of China helps mainland tourists spend e-CNY in Hong Kong at select retailers

Bank of China Hong Kong kicked off a new e-CNY trial with 200 merchants on Tuesday with a new shopping festival for people travelling from the mainland It is the bank's third e-CNY trial in the city ...

Posted on 18/07/2023

Exclusive: China’s CITIC to move dozens of Hong Kong bankers to mainland to cut costs

China's CITIC Securities plans to move dozens of bankers from its offshore platform CLSA in Hong Kong to the mainland to cut costs and meet Beijing's call to bridge income inequality in the financial ...

Posted on 18/07/2023

Exclusive: China’s CITIC to move dozens of Hong Kong bankers to mainland to cut costs -sources

China's CITIC Securities plans to move dozens of bankers from its offshore platform CLSA in Hong Kong to the mainland to cut costs and meet Beijing's call to bridge income inequality in the financial ...

Posted on 18/07/2023

Brace for more mortgage pain as HSBC, Hong Kong peers seen lifting prime rates with the Fed odds-on to tighten policy again

The upshot is that it could help stem capital flight to higher-yielding US dollar assets. HSBC, Standard Chartered, Bank of China (Hong Kong) (BOCHK) and their peers are likely to bump up their prime ...

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