Bank of China (Hong Kong) said that its Hong Kong Dollar prime rate and savings deposit rate will remain unchanged. Savings accounts with a daily account balance of HK$1m or above will enjoy an ...
Wealth managers ramp up staff in Hong Kong to chase Chinese demand
To tap such rapidly growing demand from mainland investors, HSBC Bank launched a pilot program to keep three Hong Kong branches, including wealth management centres, open seven days a week. The Hong ...
Hong Kong stocks trim weekly advance as HSBC, Meituan, builders stumble amid contagion alert, Fed outlook
Stocks are still on course for the first back-to-back weekly advance since January as money managers reload their funds Central banks continue to guard against a banking crisis after recent failures ...
Tencent, Alibaba lead Hong Kong stock gains on earnings tonic while HSBC erases drop as banks hold rates after Fed, HKMA act
The HKMA lifted its base rate to a 15-year high, while commercial lenders like HSBC are expected to hold their prime rates, most analysts predicted Tencent's fourth-quarter earnings surpassed market ...
HKMA CEO: Global banking crisis averted, but banks and regulators must stay vigilant for more volatility
The situation has largely stabilised, but central bankers still need to watch for spillover effects, HKMA CEO says Hong Kong has 'very limited' exposure to the banks in the news, Eddie Yue Wai-man ...
HK unaffected by US, Europe banking crises: HKMA head
Hong Kong Monetary Authority chief Eddie Yue says banking sector turmoil in the United States and Europe is having very little impact on Hong Kong. The industry has been rattled by the collapse this ...
Hong Kong Property Heir Pays Low Tax on $7.6 Million Luxury Home
Hong Kong property heir Douglas Woo bought an apartment in an upscale area for HK$59.8 million ($7.6 million) while reportedly paying the stamp duty rate reserved for first-time home buyers. The ...
Outlook for Hong Kong’s property market bright as end of interest rate increases in sight, analysts say
The border reopening with mainland China is also boosting the confidence of investors to snap up property as an economic recovery is also likely to bolster demand for homes in Hong Kong. A rising ...
Overbought Hang Seng Called Higher On Friday
The Hang Seng Index now sits just beneath the 20,050 ... Henderson Land jumped 1.50 percent, Hong Kong & China Gas perked 0.14 percent, Industrial and Commercial Bank of China collected 1.18 percent, ...
This 26-year-old from Hong Kong is transforming a ‘dinosaur industry’ — one luxury watch at a time
a Chinese venture capital firm that manages Alibaba's Hong Kong Entrepreneurs Fund and the AEF Greater Bay Area fund. Chu shared with CNBC Make It about how he turned a hobby into a money-making ...
Hong Kong on watch for any ‘spillover’ from US regional banks
HONG KONG, March 24 (Reuters) - Hong Kong needs to watch carefully ... reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to ...
Hong Kong bosses in hiring mood and offering higher salaries, as city reopens and visitors return
Two in five executives in Hong Kong expect to increase their headcount this year, according to KPMG’s survey of 1,300 professionals in Hong Kong and mainland China.
Hong Kong holds on to fourth spot in global financial centre rankings, while Singapore remains one place higher
Hong Kong held on to its fourth-place ranking globally in the latest study of the world's leading international financial centres, as the city's economy continues to recover from three years of ...
Artwork removed after honoring jailed Hong Kong protesters
A Hong Kong department store took down a digital artwork that contained hidden references to jailed dissidents, in an incident the artist says is evidence of erosion of free speech in the semi-autonom ...