Tag: finance

Hong Kong's government increased its stamp duty on equity transactions on the city's stock exchange for the first time in almost three decades to fund a widening budget deficit, just as the world's ... ( read original story ...)

So it is no wonder that HSBC has decided to follow the money. HSBC has “pivoted” towards Asia in a bid to take advantage of the rising economic powers there, namely China. The political fallout ... ( read original story ...)

Paul Chan, the financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said Wednesday that Hong Kong aims to launch the southbound trading of Bond Connect this year. ( read original story ...)

Hong Kong will introduce 120 billion Hong Kong dollars (USD 15.4 billion) in fiscal measures to help businesses and residents impacted by the coronavirus pandemic, as it looks towards economic growth ... ( read original story ...)

City can expect a deficit for the next few years over recurring expenses linked to Covid-19, while stamp duty on stock trading will rise, and HK$8 billion will be spent on national security law. ( read original story ...)

Financial Secretary Paul Chan tells Legco HK$120 million will be devoted to ‘countercyclical measures’, including new citywide vaccination drive. ( read original story ...)

Hong Kong will introduce pandemic relief measures worth $15.4 billion to help businesses and residents as the city anticipates economic growth later this year ... ( read original story ...)

Hong Kong plans to run a much lower budget deficit in the coming fiscal year as the economy is expected to recover from its longest recession on record, Finance Secretary Paul Chan said on Wednesday. ( read original story ...)

Hong Kong will continue to benefit from the ongoing development of the mainland and the shift in global economic gravity from West to East, Financial Secretary of China's Hong Kong Special ... ( read original story ...)

Hong Kong expects a budgetdeficit of HK$101.6 billion ($13.10 billion) for the 2021/22fiscal year, Finance Secretary Paul Chan said on Wednesday. Pandemic relief measures, including cash handouts ... ( read original story ...)

Citibank announced it is launching Citi Plus, its Hong Kong project which it recently brought out of beta and touts as a way to get people into digital banking. ( read original story ...)

But there’s one particular breed of this type of lender that’s headed for extinction: the global retail bank. While some consumers will still fancy popping into their local bank, why would anyone need ... ( read original story ...)

Credit Suisse Group AG and UBS Group AG are relocating a number of bankers to mainland China from Hong Kong to better compete for deals after the world’s fastest growing major economy relaxed curbs on ... ( read original story ...)

Mox, Standard Chartered virtual bang that is based in Hong Kong, announced on Monday its latest progress update. The virtual bank launched in September 2020 and as previously reported, it was created ... ( read original story ...)