HSBC HOLDINGS (00005.HK) announced that it had repurchased a total of 1.7443 million shares in London and Hong Kong last Friday (20th), involving a total of approximately HKD85.0162 million. HSBC ... ( read original story ...)
HSBC CEO rebukes comments on climate change by top banker, says they are ‘inconsistent’ with lender’s strategy
HSBC CEO Noel Quinn said comments by a top banker in its asset management business were ‘inconsistent’ with its strategy. ( read original story ...)
Paytm payments bank expects central bank curbs to be lifted in three to five months
The bank is working with the RBI to complete the IT audit and address ... read more Paytm is backed by China's Alibaba Group Holding (9988.HK) and its affiliate Ant Group (688688.SS). One 97 ... ( read original story ...)
Urban Renewal Authority to supply 22,000 flats in Hong Kong over next 5 years, costing HK$120 billion, but warns of potential cash crunch
URA managing director says authority needs to launch redevelopment projects quickly, otherwise it could suffer negative cash flow of more than HK$15 billion. ( read original story ...)
How Singapore is still atop China’s futures market even as Hong Kong is edging in
Six months after Hong Kong introduced equity index futures to make it easier for international investors to bet on Chinese stocks, Singapore still rules the market, although its Asian rival is making ... ( read original story ...)
Hong Kong’s Planto ties up with New Zealand fintech firm Cogo to create awareness about sustainability, launch carbon footprint
Planto, a Hong Kong-based online banking solutions provider, has partnered with Cogo, a New Zealand-headquartered carbon footprint tracking fintech firm, to develop a software for the city’s banks ... ( read original story ...)
China slashes key interest rate as housing sales collapse
China on Friday slashed a key interest rate to rescue its slumping housing market and head off a major downturn in the world's second largest economy. ( read original story ...)
Singapore Still Rules China Futures Market as Hong Kong Edges In
an analyst at Jefferies Financial Group Inc. in the city-state, who has a buy rating on the bourse operator’s stock. “While a competing product is always a threat to watch for, so far it seems the ... ( read original story ...)
Hong Kong stocks head for weekly gain as China cuts key interest rate to spur growth
Chinese banks cut the five-year loan prime rate (LPR), a reference for mortgage rates, to 4.45 per cent from 4.6 per cent. ( read original story ...)
As Singapore and Hong Kong residents grapple with inflation and rising interest rates, is it better to rent or buy?
If you’re already struggling to pay today’s mortgage rates, it may be wiser to hold off your purchase until you are in a stronger financial position. ( read original story ...)
Hong Kong Dollar Traders Brace for Rate Spike Amid Intervention
Hong Kong dollar traders are girding for tighter liquidity in the banking system as the city’s de facto central bank drains cash to maintain the currency’s peg to the greenback. ( read original story ...)
Hong Kong new listings volume sinks to 9-year low on China slowdown
HONG KONG (Reuters) - Hong Kong's new listings volume plunged 90% to a nine-year low this year, data showed, as China's sharp economic slowdown and its regulatory drive cast a long shadow over the ... ( read original story ...)
Hong Kong considers ‘closed loop’ for free China travel, report says
Hong Kong's Chief Executive-elect John Lee plans to propose a closed-loop system to facilitate quarantine-free business travel between the city and mainland China, Sing Tao reported, citing people it ... ( read original story ...)
Asia’s SPAC hopefuls have nowhere to turn as IPO market shuts
SINGAPORE: Asian sponsors of blank-cheque firms are facing a tough market for initial public offerings (IPOs) wherever they turn, as a combination of increasing regulatory scrutiny and fading investor ... ( read original story ...)