The Hong Kong Monetary Authority raised its benchmark interest rate by 25 basis points, after the U.S. Federal Reserve did the same. Most Read from Bloomberg7.4 Magnitude Quake Hits North Japan, ... ( read original story ...)
Animoca Brands welcomes banking giant HSBC into The Sandbox
The financial giant’s involvement is expected to open the door for other global institutions to continue innovating in Web3 as ... ( read original story ...)
Charts suggest the Nasdaq-100, S&P 500 and Hong Kong’s Hang Seng Index could be days away from bottoming, Jim Cramer says
The "Mad Money" host used legendary chartist Tom DeMark's 13-session countdown pattern to explain why the Nasdaq-100 and S&P 500 could be days away from finding a bottom. ( read original story ...)
Coronavirus: international gym chain Fitness First shuts down all Hong Kong branches amid ‘prolonged challenges’ during pandemic
Closures of the eight centres on Wednesday are the first in the fitness industry since the government in January ordered all gyms to shut. ( read original story ...)
EQT Continues Its Post-IPO Expansion With A $7.5 Billion Deal For An Asian Private Equity Power
EQT is already one of the biggest private equity firms in Europe. Now, it will try to conquer another continent. The Swedish investor agreed today to acquire Baring Private Equity Asia for $7.5 ... ( read original story ...)
Cheekwood names new board officers and trustees
Cheekwood Estate & Gardens has announced new officers and trustees to its board. Trustees serve a 3-year term, with the opportunity to serve two consecutive terms. • Barry Stowe, chair, a business ... ( read original story ...)
Hong Kong Legco approves HK$270.4 billion provisional funding request, some lawmakers say amount ‘very high’
Secretary for Financial Services and the Treasury Christopher Hui Ching-yu says funding will keep government afloat in the interim. ( read original story ...)
Hong Kong’s flagship bank HSBC heads into The Sandbox metaverse
HSBC, a leading global banking and financial services provider, announced a partnership with blockchain gaming platform The Sandbox, in a statement released on Wednesday, to build its presence in the ... ( read original story ...)
Hong Kong Running Out of Coffins as Xi Jinping Clings to Zero-COVID Policy
Carrie Lam, chief executive of the Hong Kong Special Administrative Region, said during a Wednesday press conference that the region is suffering shortages of supplies such as coffins due to China's ... ( read original story ...)
Hong Kong can take advantage of any ‘mass delisting’ of Chinese firms in US, Financial Secretary Paul Chan says
If Chinese firms chose Hong Kong as a listing venue to hedge against the risk of being delisted from US exchanges, the city could capture ‘at least 90 per cent’ of their market capitalisation, Chan ... ( read original story ...)
Wed. 9:48 a.m.: Pandemic postcard: COVID outbreak leaves Hong Kong in limbo
As a COVID-19 outbreak overwhelms Hong Kong, it’s hard for its 7.4 million residents to know what’s next. Uncertainty is the only certainty as store shelves are stripped of goods, mainland Chinese ... ( read original story ...)
Hong Kong Sevens: rugby chiefs ‘thrilled’ to put on event in November, as government plans to host 100 business leaders
Tournament postponed five times during pandemic, but Finance Secretary says it will take place in November as part of plan to revive city’s reputation as international business hub. ( read original story ...)
Coronavirus: Hong Kong set to run out of coffins within days
Hong Kong is running out of coffins as it fights a devastating surge in coronavirus deaths.Kwok Hoi-bong, president of the city’s Funeral Business Association, ... ( read original story ...)
Hong Kong’s Hang Seng Index recovers lost ground with record gain amid financial stability pledge
Hong Kong's Hang Seng Index closed 9.08 percent higher on Wednesday to ascend to 20,087.5 points after hitting a new low in nearly a decade, as the authorities reassured investors that the financial ... ( read original story ...)