Hui says he can ‘hardly accept the nearly laughable U-turn explanation’ HSBC chief executive Noel Quinn gave him in an email last week. ( read original story ...)
Hong Kong Finance Chief Expects Jobless Rate to Top 16-Year High
Hong Kong’s unemployment rate for the three months ended December is likely to exceed the highest level in 16 years because of the impact of tightened coronavirus restrictions, Financial Secretary ... ( read original story ...)
HSBC made a laughable U-turn: Ted Hui
The exiled former lawmaker, Ted Hui, said he's received a personal email from HSBC's Chief Executive explaining why it froze credit cards and ... ( read original story ...)
Hong Kong finance chief warns of jobless rate spike as epidemic continues
Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said here on Sunday that the jobless rate in Hong Kong will climb further as businesses and workers ... ( read original story ...)
Rollout of China’s Sinovac vaccine in Hong Kong under threat
Hong Kong is likely to delay the distribution of mainland Chinese producer Sinovac’s Covid-19 vaccine because of a lack of trial data, raising transparency concerns over a shot Beijing wants to sell ... ( read original story ...)
Asia-Pacific Stock Market Recap: Japan’s Nikkei, Hong Kong’s Hang Seng Outperform Amid Robust Buying Spree
Pacific stock indexes finished mixed for the week with the biggest gains coming out of Japan and Hong Kong. South Korea suffered the biggest loss after a strong start to the new year. China and ... ( read original story ...)
How will the European Central Bank react to longer lockdowns?
Extended Covid-19 lockdowns, the pace of vaccinations and the prospects for an economic recovery will be in focus when the European Central Bank holds its first rate-setting meeting of the year on ... ( read original story ...)
China’s yuan replaces US dollar as most used currency in Greater Bay Area: central bank
The yuan replaced the US dollar as the most used currency in transactions in the Greater Bay Area development zone, a local branch of the country’s central bank said. ( read original story ...)
Hong Kong government ‘strongly’ objects to U.S. congressional report
HONG KONG (Reuters) - The Hong Kong government said it “strongly ... through legislation is in line with international practice,” the government of the financial hub said in a statement late on Friday ... ( read original story ...)
ByteDance rival Kuaishou receives approval for $6.6b IPO in Hong Kong
HONG KONG • Kuaishou Technology, the main rival to ByteDance, has received approval from the Hong Kong Stock Exchange for an initial public offering of about US$5 billion (S$6.6 billion), according to ... ( read original story ...)
Xiaomi Takes $11 Billion Sanction Hit, Chinese Financials Pre-Announce Positive Earnings, Week In Review
Asian equity markets saw a bout of profit taking accompanied by higher volumes as South Korea and India underperformed. The US Department of Defense added Xiaomi and eight other companies to the list ... ( read original story ...)
Hong Kong Exodus Could Spur $36 Billion in Outflows: BofA
Hong Kong could see capital outflows of as much as $36 billion this year as residents leave the city for the U.K. in response to China’s sweeping security law, keeping the local dollar off the strong ... ( read original story ...)
Hong Kong shares end at near one-year high on robust mainland inflows
Jan 15 (Reuters) - Hong Kong stocks hit a near one-year closing high on Friday, posting their straight third weekly gains, buoyed by robust mainland inflows via the Stock Connect. ** The Hang Seng ... ( read original story ...)
Xiaomi slumps, Chinese banks rally as Hang Seng Index eyes best start in a decade
Hong Kong stocks are headed for a choppy end to the week as Xiaomi crashes on US sanctions. The benchmark index remains in positive zone, aided by a rally in shares of major Chinese banks. ( read original story ...)