China's services sector expanded in October, compensating for surprise drop in factory activity New World Development surged after shareholders approved the sale of its stake in NWS Holdings for cash ...
HSBC keeps prime rate unchanged after HKMA maintains base rate at 5.75%, giving Hong Kong businesses, homeowners relief
HKMA's rate pause is the third in the current hiking cycle that began in March 2022; another increase in 2023 remains a close call After HSBC's decision to keep prime rate steady, eyes on other banks' ...
Exclusive: Uzbek Man Linked To Ex-President’s Daughter Arrested Allegedly Trying To Get Money From Hong Kong Bank
In the latest twist to a drama surrounding once-powerful, now-disgraced Uzbek socialite Gulnara Karimova, her ex-husband has been arrested in Hong Kong. Rustam Madumarov may have been sent by a ...
As Hong Kong stood up for democracy, a neighborhood was brutalized
Violence in one Hong Kong neighborhood on July 21, 2019, would rupture whatever hope existed for compromise between the authorities and pro-democarcy protesters ...
Hong Kong Stocks End the Week Higher After a Strong Finish
Hong Kong's stock market closed the week with a bang. The benchmark Hang Seng Index rose 2.5% on Friday, recouping its losses from earlier in the week. The rally followed two days of gains in the U.S.
Hong Kong leads gains in Asia as key economic data comes out across the region
Services purchasing managers' index data from major economies including China, India and Hong Kong are set to be released throughout the day.
Foreign firms will boost Hong Kong only if local industries benefit
For a 'headquarters economy' to work, foreign corporations must be encouraged to connect with local industry and local talent, and strengthen the local supply chain Hong Kong's true competitiveness ...
No changes to Hang Seng Bank’s HKD prime lending rate
Its HKD savings deposit rates also remain unchanged. Hang Seng Bank has made no changes to its Hong Kong dollar prime lending rate. It remains at 5.875% per annum (pa), the bank said in a press ...
Bank of China Hong Kong keeps HKD prime rate, deposit rate steady
Savings accounts with over HK$1m will enjoy a 0.001% pa additional bonus rate. Bank of China (Hong Kong) is keeping its Hong Kong dollar prime rate and savings deposit rate unchanged at 5.875% per ...
Global Finance Chiefs to Face Tougher China Questions at Hong Kong Summit
The Global Financial Leaders Investment Summit, a flagship event hosted by the Hong Kong Monetary Authority, begins on Monday with participants including Goldman Sachs Chief Executive David Solomon, Morgan Stanley boss James Gorman, Citigroup's Jane Fraser, as well as HSBC's Noel Quinn and Standard Chartered's Bill Winters.
Hong Kong stocks set for weekly gain as Alibaba, HSBC jump on China data while New World surges on cash boost
Stocks are set for a second weekly advance as China’s services sector expands. Policy support also helped lift confidence as mainland funds scoop up more local equities.
HK’s Financial Secretary Defends Robust Virtual Assets Regulation Amidst JPEX Probe
Hong Kong’s Financial Secretary, Paul Chan Mo-po, has asserted that stringent regulation of virtual assets is crucial for market development, defending the ...
Strict financial control by Beijing spells more opportunities for Hong Kong
As crucial meeting makes it clear China's regulatory regime will only become tighter, the city stands to feel the benefit as being a bridge with the West China's central financial work conference ...
Has Beijing secured Hong Kong’s status as an international finance hub?
Beijing’s recent pledge to improve Hong Kong’s status as an international financial centre – a show of commitment to the city made at a time when questions about its purpose grow more acute – has ...