Tag: finance

HSBC’s research shows most people in city control spending and pay bills, but those ranked ‘very fit’ have greater financial resilience and save faster for down payment on property ... ( read original story ...)

Figure for March marks first decline since October 2020, as trade hit by scores of city’s drivers becoming infected ... ( read original story ...)

Mixed results. Limited, HSBC is currently heavily investing in Asia with the wealth management being a key division to monitor. Concern on CET1, buyback suspended. Neutral rating. We prefer other ... ( read original story ...)

The bank’s pre-tax profit of US$1.49 billion in the first quarter beat a consensus estimate of US$1.04 billion even as its business in Hong Kong took a battering from Covid-19 restrictions. ( read original story ...)

The Hong Kong Monetary Authority has invited public feedback about its central bank issued digital currency, known as e-HKD. ( read original story ...)

Hong Kong is pushing ahead with its exploration of a retail central bank digital currency, launching a discussion paper on the policy and design aspects of a potential e-HKD. ( read original story ...)

Welab Bank, a virtual bank licensed by the Hong Kong Monetary Authority, will launch its Goweath Digital Wealth Advisory for some of its customers. The bank is the first virtual bank in Hong Kong ... ( read original story ...)

The HKMA first announced a plan to study the potential introduction of a digital form of the Hong Kong dollar in June last year The authority has not yet committed to introducing e-HKD, saying it will ... ( read original story ...)

The authority is studying design considerations such as issuance, interoperability with other payment systems, privacy and data protection. ( read original story ...)

Hong Kong’s latest moves to ease travel into the financial hub are getting a lukewarm reception from the business community and airlines. After months of criticism, the government is loosening a ... ( read original story ...)

When Allan Au didn’t post his Wordle score on Facebook one morning this month, his friends began to worry. For Au, a longtime journalist and media trainer in Hong Kong, the ritual was less about ... ( read original story ...)

Hang Seng Bank (OTCMKTS:HSNGY – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks.com ... ( read original story ...)

The Hong Kong stock market on Tuesday ended the five-day losing streak in which it had plummeted almost 1,650 points or 7.8 percent. The Hang Seng now rests just above the 19,930-point plateau ... ( read original story ...)

Stocks revisit March 15's low as China's go-slow approach on policy easing could leave policy makers behind the curve in arresting economic losses HSBC, BYD Co and Alibaba lead losses while an ... ( read original story ...)