Financial Secretary Paul Chan says the US rate rise will lead to more capital outflow from Hong Kong, but the city's banking system has enough liquidity to defend the stability of the local financial ... ( read original story ...)
Hong Kong Sells More U.S. Dollars to Defend Currency Peg
Hong Kong has sold more foreign-exchange reserves to maintain its longstanding peg to the U.S. dollar, taking its total outlay this year to $7.24 billion. ( read original story ...)
HSBC leaves its best lending rate unchanged after HK central bank rate hike
will leave its prime lending rate unchanged in Hong Kong at 5% even after Hong Kong's central bank raised its base interest rate, Reuters reported Thursday. The Hong Kong Monetary Authority ... ( read original story ...)
Hong Kong c.bank raises base rate following Fed, banks stand pat
The Hong Kong Monetary Authority (HKMA) raised on Thursday its base rate charged through the overnight discount window by 75 basis points to 2%, hours after the U.S. Federal Reserve delivered a rate ... ( read original story ...)
Bank of China HK dishes out sponsorship support for HK Palance Museum to promote Chinese culture
The Hong Kong Palace Museum (HKPM), which is set to open on 2 July 2022, has partnered with Bank of China Hong Kong (BOCHK). HKPM will launch a series of arts and cultural activities supported by ... ( read original story ...)
Hong Kong Cuts Isolation Period for Handover Events, SCMP Says
Top Hong Kong officials will only do a three-day hotel quarantine ahead of the city’s July 1 celebrations, according to the South China Morning Post, casting fresh doubt over President Xi Jinping’s ... ( read original story ...)
Senior state officials laud ‘one country, two systems’ policy for Hong Kong, voice confidence in city’s prosperity and ‘quality democracy’
Huang Liuquan, HKMAO deputy director, says anyone betting on demise of city has 'never won' Huang and Liu Guangyuan, commissioner of the Chinese foreign ministry's office in Hong Kong, spoke at ... ( read original story ...)
Credit Suisse Loses Hong Kong Investment Bankers
Turnover is on the rise at Hong Kong’s investment banks amid a soured market outlook with Credit Suisse being the latest to see exits, finews.asia has learned. ( read original story ...)
HSBC leaves best lending rate unchanged at 5% despite c.bank hike
HSBC Holdings said on Thursday it will leave its best lending rate unchanged in Hong Kong at 5% despite the city's central bank raising the base rate. ( read original story ...)
Hong Kong Central Bank Raises Rate By 75 Bps
The Hong Kong Monetary Authority raised its base rate by 75 basis points after the rate hike decision of the U.S. Federal Reserve. ( read original story ...)
HSBC Buys back Over 3.17M Shrs in HK, London Ytd for $160M
HSBC HOLDINGS (00005.HK) announced that it had repurchased a total of 3.1756 million shares in London and Hong Kong yesterday (15th), involving a total of approximately HKD160 million. HSBC ... ( read original story ...)
HK rate hikes to drive down housing prices
Rising interest rates in Hong Kong are pushing up costs for homeowners and threatening to drive down prices in the world’s most expensive housing market. With the US Federal Reserve (Fed) hiking rates ... ( read original story ...)
(HKSAR 25) 25 years on, Hong Kong SAR shines brighter with world-beating performance
Photo taken on July 14, 2020 shows the Golden Bauhinia Square in south China's Hong Kong. (Xinhua/Wu Xiaochu) Editor's note: On July 1, 1997, China resumed the exercise of sovereignty over Hong Kong ... ( read original story ...)
Yahoo, Meta look to Hong Kong for metaverse tests
Yahoo will host virtual concerts and exhibitions featuring celebrities and influencers for Hong Kong residents on the Decentraland metaverse, the company announced on Wednesday. See related story: ... ( read original story ...)