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Tag: finance

Posted on 15/05/2023

HSBC targets ‘mid-teens’ Asia returns amid Ping An pressure

Top shareholder Ping An Insurance Group has criticized the bank’s current model in Asia as being inefficient. Read more at straitstimes.com.

Posted on 15/05/2023

Hong Kong stocks fluctuate as China’s central bank injects more long-term liquidity amid signs of weak demand

China's central bank kept its medium-term lending interest rate at 2.75 per cent for the ninth straight month, in line with market expectations The People's Bank of China offered 125 billion yuan ...

Posted on 15/05/2023

Hong Kong mortgage frenzy sees banks go big on cash handouts

Fierce competition for new mortgage customers driving banks to offer the highest cash rebates in nearly two decades. Read more at straitstimes.com.

Posted on 13/05/2023

Hong Kong has subsidised over 220 green and sustainable debt instruments with over US$71.5 billion in issuances, treasury chief Christopher Hui says

Government will continue to accelerate the development of Hong Kong into an international centre for green and sustainable finance, Hui tells event The green and sustainable finance grant scheme ...

Posted on 13/05/2023

REFILE-UPDATE 1-Horizon Construction Development aims to raise up to $223 mln in Hong Kong IPO

May 12 (Reuters) - Shanghai-based construction services provider Horizon Construction Development Ltd on Friday filed for an IPO aiming to raise up to HK$1.75 billion ($222.96 million) in a Hong Kong ...

Posted on 13/05/2023

Hong Kong’s economic growth will reach top end of government’s annual forecast if strong recovery continues, expert says

Continued improvement in tourism and local spending will drive gross domestic product to upper range of forecast, government economist Adolph Leung says.

Posted on 12/05/2023

Goldman Sees Opportunity in Hong Kong Banks Amid Surging Hibor

Stock investors are in danger of missing a buying opportunity from the recent surge in Hong Kong’s interbank rates, according to Goldman Sachs Group Inc.

Posted on 12/05/2023

Goldman Sees Opportunity in Hong Kong Banks on Surging Hibor

Stock investors are in danger of missing a buying opportunity from the recent surge in Hong Kong’s interbank rates, according to Goldman Sachs Group Inc.Most Read from BloombergElon Musk Says He’s ...

Posted on 12/05/2023

Hong Kong to speed up development into International green and sustainable finance centre

Hong Kong will continue to accelerate development into an international center for green and sustainable finance, with industry-leading progress made over the years, an official of the Hong Kong ...

Posted on 12/05/2023

UPDATE 1-Horizon Construction Development aims to raise up to $223 mln in Hong Kong IPO

Shanghai-based construction services provider Horizon Construction Development Ltd on Friday filed for an IPO aiming to raise up to HK$1.75 billion ($222.96 million) in a Hong Kong listing by May 25.

Posted on 12/05/2023

Hong Kong stocks fall for a second straight day as investors await US inflation data, progress on debt-ceiling talks

Hong Kong stocks extended their decline for two days in a row, adding to the 2.1 per cent slump in the previous session. State-owned banks were among the big losers.

Posted on 12/05/2023

Hong Kong banking sector should double down on training talent for fintech, sustainable finance, says HKMA deputy head

Hong Kong must nurture young talent and train up its existing employees, particularly in sustainable finance and fintech, to face present and future challenges, the deputy chief of the Hong Kong ...

Posted on 11/05/2023

How phone fraudsters tried to trick an SCMP reporter into giving up her Hong Kong bank details with lure of easy money

Reporter Rachel Yeo responds to stranger's WhatsApp message offering freelance work 'optimising apps' After crediting small amount, 'Lina' explains how no skills needed to earn as much as HK$1,500 in ...

Posted on 11/05/2023

Hong Kong lawmakers ask HKMA to seek more support from banks after SMEs see trimmed credit lines, tougher collateral requirements

Banks are 'taking away your umbrella during heavy rain', commerce sector lawmaker Jeffrey Lam Kin-fung tells Legislative Council meeting HKMA will encourage lenders to try their best to support SMEs, ...

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