HSBC Holdings will raise its mortgage rates in Hong Kong by a maximum of 50 basis points, a spokesperson for the bank said on Monday, as it tries to maintain its profit margin amid higher interest ...
Alibaba stock slides after ex-CEO abruptly quits cloud unit ahead of IPO
Alibaba's stock lost more than 4% in Hong Kong on Monday after ex-group CEO Daniel Zhang quit just two months after concentrating his focus on cloud computing, raising concern over the unit's spin-off ...
Freshippo reportedly delays planned IPO due to low valuation
Alibaba’s grocery unit Freshippo has postponed its Hong Kong IPO amid weak consumer share sentiment, according to Bloomberg. The unit was originally ...
China Citic Bank eyes mobile banking increase in Hong Kong, aims to save 1 million sheets of paper a year
China Citic Bank aims to turn its 24 Hong Kong branches paperless within the next year as it promotes mobile banking Wider acceptance of mobile banking gives smaller lenders that lack branch networks ...
Hong Kong Builders Sink on Sun Hung Kai Earnings, HSBC Rate Plan
Hong Kong property stocks suffered their biggest selloff in seven months, hit by disappointing earnings at the city’s top builder and a major bank’s reported plan to raise mortgage rates. The Hang ...
HSBC to Raise HK Mortgage Rates in Added Pressure on Economy
HSBC Holdings Plc, the dominant lender in Hong Kong, is set to raise mortgage rates for borrowers in the Chinese territory, adding pressure on the city’s slumping property market. The lender is ...
China stocks gain on fresh stimulus measures; property, tech drag HK lower
SHANGHAI/HONG KONG Sept 11 (Reuters) - China stocks rose on Monday ... for insurance companies to channel more resources into the capital market,” OCBC Bank analyst Tommy Xie wrote. ** From Monday, ...
Hong Kong Widens Testing of China’s Digital Yuan to Additional Banks
Hong Kong has entered the second phase of technical testing for China's digital yuan, expanding the trial to include more Hong Kong banks.
Hong Kong Shares May Stop The Bleeding On Monday
The Hong Kong stock market has moved lower in four straight sessions, tumbling almost 650 points or 3.6 percent along the way. The ...
China’s Abrupt Trading Tax Cut Forces Hong Kong Into Hard Choice
China’s unexpected move to cut its stock trading tax is adding pressure on Hong Kong to follow suit, creating a dilemma for the city’s finance chief over the potential hit to government income.
Standard Chartered HK to maintain good loan quality, profitability
The non-performing loan (NPL) ratio will likely increase as well, however. Modest economic recovery in Mainland China and Hong Kong will support the soundness of Standard Chartered Hong Kong’s asset ...
Investors should look to Hong Kong as financing platform for belt and road infrastructure projects, city’s Paul Chan says
Finance chief touts Hong Kong as key player in China's plan to grow global trade, pointing to city's ample fiscal products and sound legal system 'As the country's international financial centre, Hong ...
Hong Kong Extends Shutdown After Record Rain Overwhelms City
Hong Kong's heaviest rainstorm since records began in 1884 flooded the financial hub's streets and sent torrents of water rushing through subway stations, bringing much of the city to a standstill and ...
Hong Kong migrants revel in Cantopop concerts, films from home as tears flow, emotions high in ‘collective healing’ at venues in Canada, UK
Emotional scenes as migrants who left in recent years flock to see RubberBand concerts and other Cantopop groups.