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Posted on 24/03/2023

Hang Seng Bank prime lending rate unchanged at 5.625%

The HKD bonus interest rate was also unchanged. Hang Seng Bank has announced that its Hong Kong dollar prime lending rate remains unchanged at 5.625% per annum (pa). According to Hang Seng bank, Hong ...

Posted on 24/03/2023

Hong Kong traffic accident leaves some 70 people injured

Four passenger buses and a truck collided near a Hong Kong road tunnel Friday and about 70 people were injured, including children. The accident occurred after midday near a tunnel entrance on Tseung ...

Posted on 24/03/2023

Hong Kong hidden protesters billboard artwork taken down

A digital billboard artwork in Hong Kong which included secret references to local dissidents has been removed. The No Rioters piece by US artist Patrick Amadon had been displayed the past week on the ...

Posted on 24/03/2023

Hong Kong Makes New Rules for Specialist Tech Firm Listings, Cuts Rev Threshold

HKEX raised $7.8 billion from IPOs last year, falling to the sixth largest listing venue globally from the third place in 2021. ($1 = 7.8495 Hong Kong dollars) (Reporting by Poonam Behura in Bangalore ...

Posted on 24/03/2023

Exclusive: Hong Kong Billionaire-Backed Fintech Unveils Exchange Platform For ‘The Little Guy’

Financial technology startup Micro Connect – backed by the likes of Hong Kong property tycoon Adrian Cheng and billionaire Li Ka-shing – will roll out its flagship exchange platform Saturday in Macau.

Posted on 24/03/2023

Hong Kong government announces measures to lure wealthy family offices

Hong Kong's government announced a series of measures on Friday to attract wealthy family offices to set up in the financial hub as authorities try to restore business confidence and investor allure ...

Posted on 24/03/2023

Hong Kong firefighters battle warehouse blaze in densely packed Kowloon

HONG KONG (Reuters) - Hong Kong firefighters battled to control a blaze at a warehouse in the city's bustling Kowloon district on Friday, with smoke billowing out from windows and engulfing the white ...

Posted on 24/03/2023

Hong Kong hidden protesters artwork taken down

A digital billboard artwork in Hong Kong which included secret references to local dissidents has been removed. The No Rioters piece by US artist Patrick Amadon had been displayed the past week on the ...

Posted on 24/03/2023

No Rioters: Hong Kong megastore self-censors art with hidden ‘political content’

Patrick Amadon, whose work flashed up names from pro-democracy protests, says ‘it did have to get taken down, I feel like, to be a completed piece’ ...

Posted on 24/03/2023

Hong Kong property heir buys luxury home for $10.1m

HONG KONG – Property heir Douglas Woo bought an apartment in an upscale area of Hong Kong for HK$59.8 million (S$10.1 million) at a time when the city’s luxury market is just picking up as the border ...

Posted on 24/03/2023

Bank of China HK’s prime, savings deposit rate unchanged

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 ...

Posted on 24/03/2023

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 ...

Posted on 24/03/2023

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 ...

Posted on 24/03/2023

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 ...

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