Hong Kong stocks rose for a third day after China’s biggest lenders cut deposit rates in a move to protect margins and spur consumption in the struggling economy. The central bank also pledged to keep ...
BOC HONG KONG (02388.HK) Strengthens Authentication for High Risk Transaction
BOC HONG KONG (02388.HK) announced that in order to strengthen the protection of its credit card customers, it will further enhance its "High Risk Transaction Authentication&q... BOC HONG KONG ...
Operation Santa Claus: Morgan Stanley racks up new fundraising record, banking HK$5.5 million for Hong Kong charities
Over its 27-year partnership with OSC, Morgan Stanley has donated nearly HK$60 million, benefiting more than 310 charity projects.
Hong Kong identifies yuan trading, talent growth and green finance as areas for cooperation with Vietnam and Laos
Hong Kong sees yuan trading, talent development and green finance as three potential areas of cooperation to boost its ties with Vietnam and Laos, top treasury official Christopher Hui says in a blog ...
With a $3.8 Million Investment, You Can Gain Residency in Hong Kong
The Asian metropolis has decided to grant residency to those who invest 30 million Hong Kong dollars ($3.8 million) into it, Bloomberg reported on Tuesday. The Capital Investment Entrant Scheme, as ...
Hong Kong banks to share account data to ‘improve efficiency, lower costs’ under HKMA pilot scheme
HSBC, Bank of China (Hong Kong), China Citic Bank and DBS Bank, are among the lenders participating. Some of the city's digital banks such as Livi Bank, Welab Bank and ZA Bank, will also take part in ...
China’s Huawei could be the surprise IPO of 2024
Huawei’s CEO Ren Zhengfei always insisted that the telecoms giant he founded will never become a publicly traded company and that it would instead focus on working for the bigger ideals of society. An ...
Mox Invest: Standard Chartered’s HK-based Mox Bank launches fractional trading platform
Mox Invest allows customers to easily trade Hong Kong equities and create U.S. stock equity portfolios, including through U.S. fractional securities trading. Additionally, Mox Invest allows customers ...
Hong Kong’s problems trace back to China. And also America
The high cost of capital may have encouraged firms to run down their inventories, contributing to the sharp slowdown in growth in the second quarter, argues Goldman Sachs, a bank. The currency peg has ...
Hong Kong unveils new capital investment entrant scheme
HONG KONG -- The Hong Kong Special Administrative Region (HKSAR) government has announced the details of the new capital investment entrant scheme (CIES), with a view to further enriching the talent ...
Hong Kong economy, property market to benefit from rate-cut cycle as early as March, analysts say
Analysts expect the Federal Reserve to start cutting interest rates next year, with one expecting the first salvo in March. Lower rates would benefit Hong Kong’s property and capital markets, and ...
Hong Kong set to reduce sellers threshold for old buildings to as low as 65% in 7 areas under urban renewal bid
Proposed legal amendment to be submitted to Legislative Council for first reading in January and expected to take effect in first half of 2024, development authorities say 'We would like to encourage ...
Hong Kong’s MPF assets rebound as global markets rally
Hong Kong’s Mandatory Provident Fund assets grew 4.5% month-on-month to HK$1.11 trillion (US$141 billion) in November as global markets rebounded, according to local investment firm GUM. The gain was ...
New capital investment scheme could bring in HK$120 billion annually to Hong Kong, financial services chief says
Financial services chief Christopher Hui reveals details of New Capital Investment Entrant Scheme and expresses confidence in its appeal to talent.