Hong Kong's de-facto central bank bought HK$12.819 billion ($1.63 billion) from the market in New York trading hours to stop the local currency weakening and breaking its peg to the U.S. dollar.The ... ( read original story ...)
ANOTHER Crypto lender stops customers withdrawing their money: Hong Kong based Babel finance blames ‘unusual liquidity pressures’ amid fears Bitcoin crash has only just begun
A Hong-Kong based crypto-lender has suspended withdrawals amid a wide-scale downfall in the market. Babel Finance said it is 'facing unusual liquidity' in a statement on its website. Babel are the ... ( read original story ...)
Babel Finance suspends withdrawals as crypto markets slump
Hong Kong-based Babel Finance temporarily suspended the withdrawals and redemption of crypto assets on Friday, as the crypto lender scrambles to pay its clients after the recent slump in the digital ... ( read original story ...)
China’s Tianqi secures approval for $1bn IPO in Hong Kong
Chinese mining firm Tianqi Lithium has received approval from the Hong Kong stock exchange for its proposed listing in the city. ( read original story ...)
Chinese fintech giant Ant closer to reviving iPO
China’s central bank has accepted an application by Ant Group to set up a financial holding company, a key step toward finishing a year-long overhaul of Alibaba founder Jack Ma’s fintech business and ... ( read original story ...)
Russia’s No.2 bourse SPB to offer Hong Kong shares, host IPO
IPO activity gained pace in Russia in 2021 and at least 10 firms had been planning listings in 2022 before Feb. 24 when Moscow despatched troops in Ukraine, triggering Western sanctions that have hurt ... ( read original story ...)
Exclusive-China’s Central Bank Accepts Ant’s Application for Financial Holding Company Sources
HONG KONG (Reuters) -China's central bank has accepted Ant Group's application to set up a financial holding company, three people with knowledge of the matter said, a key step in finishing a year ... ( read original story ...)
Bank of China HK’s BoC Pay features Dodo Cheng and Chantel Yiu
Bank of China Hong Kong (BOCHK)’s BoC Pay has launched a new campaign featuring local artists, in support of the introduction of the second phase of the Consumer Voucher Scheme (CVS). The campaign ... ( read original story ...)
Most Asian markets on recession fears, Bank of Japan in focus
Asian markets mostly fell on Friday (Jun 17) after another hefty drop in New York and Europe as central bank interest rates hikes to counter soaring inflation fan fears of a recession. All eyes are ... ( read original story ...)
Hong Kong should make no mistake, high interest rates are here to stay
As the US Fed raises the cost of borrowing again and warns there may be more to come, the city must brace for pressure on its currency, more market volatility and mortgages pain As the US Federal ... ( read original story ...)
Hong Kong’s Hang Seng index leads losses in mixed Asia trade as investor sentiment remains fragile
The Federal Reserve raised benchmark interest rates 75 basis points on Wednesday in a move that equates to the most aggressive hike since 1994. ( read original story ...)
Win Streak May Continue For Hong Kong Stock Market
The Hang Seng Index now rests just beneath the 21,310 ... Henderson Land fell 0.17 percent, Hong Kong & China Gas skidded 1.29 percent, Industrial and Commercial Bank of China lost 0.22 percent, ... ( read original story ...)
Hong Kong at 25: Retrospectives, Reflections and the Future
Our reporting has closely documented how Hong Kong has changed in profound ways as it struggled to solve affordable housing and livelihood issues, as well as social inequality and ... ( read original story ...)
Hong Kong braces for capital outflow after 75-basis point base rate increase in lockstep with US Fed
The Hong Kong Monetary Authority (HKMA) increased the city's cost of money in lockstep with the Federal Reserve's biggest one-time increase in 28 years, taking a step to follow global central banks in ... ( read original story ...)