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Tag: finance

Posted on 30/05/2023

Banks Tap Hong Kong’s Discount Window for Most Funds Since 2021

Banks in Hong Kong borrowed the largest amount of short-term cash in over two years from the authorities, suggesting there was sudden demand for liquidity.

Posted on 30/05/2023

HSBC: CN Econ Recovery Bodes Well for HK Biz Prospect; Yr-end HSI Targeted at 22,490

Herald van der Linde, Chief Asia Equity Strategist at HSBC, separately opined that Mainland China's economic recovery bodes well Hong Kong's business prospect, with an HSI target of 22,490 by the year ...

Posted on 30/05/2023

HMRC giving Hong Kong refugees’ financial details to China

The UK tax department has been urged to stop sharing information with China after an investigation found that critics of the country’s authoritarian regime are having their personal details shared ...

Posted on 29/05/2023

HK$2,000 Hong Kong consumption vouchers to be handed out on July 16 to eligible residents

Hong Kong will release the remaining HK$2,000 worth of consumption vouchers on July 16, Financial Secretary Paul Chan announced at a Monday press conference. Chan also confirmed that 70,000 ...

Posted on 29/05/2023

Hong Kong home price growth slowed down sharply in April as rising interest rates sapped confidence

Prices of lived-in homes in Hong Kong grew by 0.5 per cent in April, the least so far this year, as homebuyers weighed higher interest rates Residential transactions declined 31.5 per cent month on ...

Posted on 29/05/2023

Hong Kong consumption vouchers: city to launch round 2 of this year’s scheme from July 16

Finance chief Paul Chan says more large-scale public activities under 'Happy Hong Kong' campaign planned to help latest round of vouchers go further Those just eligible for scheme or hoping to change ...

Posted on 29/05/2023

Soochow Securities (Hong Kong) Joins Forces with DL Holdings to Accelerate the Expansion of Wealth Succession and Asset Management Services

In recent years, with rapid growth of the global wealthy population and demand for wealth management, family office business, as an important field to promote rapid growth of the asset and wealth ...

Posted on 29/05/2023

How the former boss of Hong Kong stock exchange is helping Macau connect overseas investors to China’s small businesses

More than 4,000 small businesses listed daily revenue obligations (DROs) on a new securities exchange created by Micro Connect in Macau Micro Connect aims to bridge the gap between global investors ...

Posted on 29/05/2023

Hong Kong Bourse Expected To Find Traction On Monday

Ahead of Friday's holiday for Vesak Day, the Hong Kong stock market had moved lower in three straight sessions, plummeting more than 930 points or 4.8 percent along the way. The Hang Seng Index now ...

Posted on 29/05/2023

Hong Kong home prices edge up 0.54% in April

HONG KONG, May 29 (Reuters) - Hong Kong private home prices climbed ... The slight rise in home prices last month in the financial hub, ranked by survey company Demographia as the least affordable ...

Posted on 29/05/2023

Huobi Set to Launch Trading Service in Hong Kong

Huobi announced the launch of Huobi HK and stated that they will provide cryptocurrency trading services to users in HK. Huobi HK will play a significant role in driving Hong Kong towards becoming ...

Posted on 29/05/2023

Metals-rich Indonesia’s IPO market is so red-hot it’s thrashing Hong Kong and India

One of the hottest IPO markets this year is not in a country brimming with global tech giants, nor does it rank among the top 10 global economies by size.

Posted on 27/05/2023

Major Hong Kong democratic party disbands amid China’s security clampdown

One of Hong Kong's biggest democratic parties said on Saturday it would disband after a vote by its party members, dealing another blow to the city's already beleaguered democratic opposition under ...

Posted on 27/05/2023

Crypto Biz: Ledger halts recovery service, Web3 in Hong Kong, and another CEX goes down

Crypto Biz reviews Hotbit’s closure, Hong Kong’s licensing of crypto firms, Bitstamp’s acquisition by Ripple and Ledger’s branding crisis.

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