Tag: finance

SAR) chief executive John Lee said on Wednesday that the SAR's financial system remains resilient, expressing his full confidence in the regional development of the Guangdong-Hong Kong-Macao Greater ... ( read original story ...)

City leader John Lee hails Cheng’s contribution to public and social services, while his predecessor says banker’s role symbolises ‘the great Hong Kong story’. ( read original story ...)

The Hong Kong Central Bank said it expects to launch a central bank digital currency (CBDC) in 2-3 years after concluding talks on technical and policy issues. The bank added it expects to deploy a ... ( read original story ...)

HSBC chief executive Noel Quinn has said he was “challenged” by external advisers about a potential break-up of the bank but ultimately concluded it would be “a net negative”. Mr Quinn said HSBC had ... ( read original story ...)

The Monetary Authority (HKMA) plans to start trials of its central bank digital currency (CBDC) in the fourth quarter , the South China Morning Post (SCMP) reported Tuesday, citing a media briefing. ( read original story ...)

China's central bank issued 5 billion yuan ($719.76 million) worth of bills in Hong Kong on Tuesday. These central bank bills will mature in six months, with an interest rate of 2.2 percent, the ... ( read original story ...)

The move marks the city's latest effort to catch up with other central banks that are launching virtual currencies The aim is to eventually roll out a virtual currency the public can use to shop, dine ... ( read original story ...)

People around the world are looking for ways to hedge against inflation right now, and the rich are no exception. "We see customers sitting a little bit in the sidelines," says Nuno Matos, HSBC CEO of ... ( read original story ...)

Hong Kong is expected to record its second worst deficit at more than HK100 billion 1274 billion amid the ongoing COVID-19 pandemic Finance Secretary Paul ... ( read original story ...)

China central bank issued 5 billion yuan about 71976 million US dollars worth of bills in Hong Kong on Tuesday These central ... ( read original story ...)

Hong Kong's leader on Tuesday said he will soon make a decision on further relaxing coronavirus restrictions, as residents and businesses decry quarantine .. ( read original story ...)

Electric vehicle maker Zhejiang Leapmotor Technology is seeking to raise as much as $1bn in what would be Hong Kong’s largest initial public offering this year, in the latest test of investor appetite ... ( read original story ...)

The IPO price range will be between HK$48 and HK$62 each, with five cornerstone investors buying US$308 million worth of shares, according to a filing Leapmotor faces a less welcoming market than the ... ( read original story ...)

People wearing face masks walk past the headquarters of Chinese central bank People's Bank of China (PBOC), April 4, 2020. REUTERS/Tingshu Wang/File Photo/File Photo ... ( read original story ...)