Prepare for even greater swings in the Hong Kong dollar and funding costs in the city, as a shrinking pool of liquidity amplifies moves in interest rates. Hong Kong’s one-week interbank borrowing cost ... ( read original story ...)
Online scammers bet it pays to be a Hong Kong politician as more fake Facebook profiles uncovered impersonating high-profile names
Hong Kong politicians are seemingly in high demand, at least among online scammers. The city’s former commerce minister Greg So Kam-leung has joined ex-lawmaker James Tien Pei-chun by becoming the sec... ( read original story ...)
Hong Kong stocks slip as local banks up rates after Fed move
HSBC's unit Hang Seng Bank and rival Standard Chartered lifted their respective reference lending rates also 0.125 percentage points. All three banks also increased deposit rates on Hong Kong ... ( read original story ...)
Trump’s Trade War With China Just Sent Hong Kong Into a Bear Market
The Hang Seng Index, the barometer for the Hong Kong stock market, peaked at an all-time high of ... In late 2017, former China Central Bank Governor Zhou Xiaochuan warned that China may risk a "Minsk... ( read original story ...)
Hong Kong Banks, Developers Offer Sweeteners After Rate Increase
BOC Hong Kong (Holdings) Ltd. and CMB Wing Lung Bank Ltd. are offering rebates of up to 2 percent of the loan value for new-home mortgages, the Hong Kong Economic Times reported Thursday, citing unide... ( read original story ...)
Hong Kong-Zhuhai-Macau mega bridge may fail to drive taxi business, cabbies say
The long-awaited opening later this year of southern China’s 55km mega bridge between Hong Kong, Zhuhai and Macau is set to trigger a lucrative boost in business for many firms, but opinions among cab... ( read original story ...)
Hong Kong’s economy to wobble as US-China trade war, high interest rates take their toll, says Standard Chartered
Hong Kong may soon find itself caught in the middle of the US-China trade war. That is the verdict of a report by Standard Chartered Bank, which sees the city’s economic growth taking a hit as the tra... ( read original story ...)
Hong Kong star Andy Lau voices support for land reclamation in promotional video
Hong Kong superstar Andy Lau Tak-wah has thrown his support behind an idea to reclaim 2,200 hectares of land for housing to the east of Lantau Island, in a new video by the think tank that proposed th... ( read original story ...)
Hong Kong Banks Cast Pall Over Property by Raising Rates
HSBC Holdings Plc, Standard Chartered Plc and Hang Seng Bank Ltd. boosted their best lending rates by 12.5 basis points on Thursday, hours after the Hong Kong Monetary Authority raised its benchmark i... ( read original story ...)
Is BOC HONG KONG HOLDINGS LTD. ORDINARY SHA (OTCMKTS:BNKHF)’s Fuel Running High? Reports Show Less Sellers
The stock of BOC HONG KONG HOLDINGS LTD. ORDINARY SHA (OTCMKTS:BNKHF) registered a decrease of 0.74% in short interest. BNKHF’s total short interest was 3.52M shares in September as published by FINRA ... ( read original story ...)
One Hong Kong railway station, two Chinese systems
They say it is not the destination that counts as much as the journey. But, on my latest reporting trip, taking the first high-speed train from Hong Kong to Beijing, it was all about the starting poin... ( read original story ...)
Hong Kong bishop fears Chinese Catholic ‘suppression’ to continue despite Vatican pact
HONG KONG (Reuters) - Hong Kong’s leading Catholic cleric said on Wednesday that he feared continued suppression of Catholics in mainland China despite a landmark accord struck last month between the ... ( read original story ...)
Hong Kong home buying demand dampened by borrowing costs, trade war
The anticipation of further interest rate rises appears to be a factor weighing on the market, following the move last week by 11 local banks to tighten mortgage lending rates by 12.5 basis points. Ho... ( read original story ...)
Malay IT player launches Hong Kong IPO
Malaysia's IT company Mindtell Tech launched its initial public offering in Hong Kong's Growth Enterprise Market yesterday with a minimum investment of HK$4,444.34 per lot. The company has set the off... ( read original story ...)