South Korea’s Kospi, which reopened after a national holiday, added 0.7 percent to 2,355.43. Hong Kong’s Hang Seng index slipped 0.4 percent to 27,715.67. The Shanghai Composite Index lost 0.5 percent ... ( read original story ...)
HK-funded startups accelerator set up in Shenzhen
A Hong Kong-funded accelerator was established in Shenzhen on Thursday, with the aim of helping Hong Kong startups develop on the Chinese mainland. ParticleX, as the accelerator is known, is funded by ... ( read original story ...)
HK banking enters new era
Our banking sector, I'm pleased to note, is indeed more than ready for the arrival of this new era, a new era marked by the unstoppable wave of innovation and technology. Our banking sector is respond... ( read original story ...)
Hong Kong students prepare for showdown with university management over banners supporting outlawed separatist party
The legal implications for members of the public and news organisations, and the use of social media, have yet to be clarified. On Wednesday, 10 banners made with sheets of A4 paper saying “I support ... ( read original story ...)
HSBC raises Hong Kong prime rate for the first time in a decade, ending era of cheap funds
HSBC has become the first commercial bank to raise its prime rate in Hong Kong, taking its cue from the US Federal Reserve and the Hong Kong Monetary Authority in ending a decade of cheap capital. The ... ( read original story ...)
Hong Kong banks hike lending rates for first time in 12 years
Two of Hong Kong's biggest banks raised their lending rates on Thursday for the first time in 12 years, ending an age of cheap cash that could hit the city's famously red-hot property market. The move... ( read original story ...)
HSBC hikes Hong Kong lending rate for first time in 12 years
Banking giant HSBC on Thursday hiked its lending rate in Hong Kong for the first time in 12 years, a move that ends an age of cheap cash and could hit the city's famous red-hot property market. ( read original story ...)
Hong Kong banks raise benchmark lending rates for first time in 12 years
On Friday, the Hong Kong dollar experienced a sudden, sharp spike, which some market watchers attributed to expectations of a rise in bank lending rates and tight cash supply. Facing shrinking ... ( read original story ...)
Speech by FS at 10th Hong Kong Institute of Bankers Banking Conference (English only) (with photo/video)
Following is the speech by the Financial Secretary, Mr Paul Chan, at the 10th Hong Kong Institute of Bankers (HKIB) Banking Conference today (September 27): Patrick (Chairman of the Executive Committe... ( read original story ...)
Hong Kong raises base lending rate, striking the final nail for more than a decade of cheap funds
The base lending rate was raised by 25 basis points to 2.5 per cent, the Hong Kong Monetary Authority said on its website, effective immediately. The de facto central bank’s chief executive officer No... ( read original story ...)
Hong Kong’s de facto central bank raises base rate after Fed hike
The move comes as officials in Hong Kong, which tracks U.S. rate moves because its currency is pegged to the greenback, have warned of the impact of rising interest rates on the city's homeowners. Lat... ( read original story ...)
Hong Kong IPO Roulette Has Top Money Managers in a Spin
Some of the world’s largest asset managers took a spin on Hong Kong’s IPO roulette wheel, and now they’re stuck. Shares of Meituan Dianping dipped below their offering price on Wednesday, barely one w... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) Washington reiterates stance on trade
That doesn’t make any sense at all,” he told the U.S. Chamber of Commerce. In Greater China markets, Hong Kong’s Hang Seng index traded higher by 1.24 percent as of 3:15 p.m. HK/SIN. Hotpot chain Haid... ( read original story ...)
Hong Kong business schools face China threat
Its education was, too. Mainland Chinese students began flocking to Hong Kong universities after economic reforms were instituted, particularly in business and finance. Non-Chinese foreigners also beg... ( read original story ...)