Improvement in equity-market sentiment and companies’ increasing need for yuan are driving the surge in deposits, according to analysts.
China mulls $7.9 trillion in mortgage refinancing as economy stutters
The government plan would let homeowners switch banks for cheaper loans, as the property slump drags down consumer spending and household wealth.
Elhedery to start his first day as global CEO in Hong Kong, showing city’s value to HSBC
Elhedery will spend a few days with staff, visit key customers and Hong Kong's financial regulators before returning to London at the end of next week Georges Elhedery, the incoming chief executive ...
Hong Kong life insurance sales hit record, driven by buyers from China and a jumbo policy
Though the premium was not disclosed, the sale was a major boost to total sales of new life insurance and helped HSBC Life maintain its position as the top life insurer in Hong Kong in terms of new ...
HK Dollar 300 drop in monthly income of Hong Kong residents, unemployment rising: Official survey
Hong Kong's economy has taken a downturn in the second quarter, with a notable drop in median monthly incomes and higher unemployment, reported South ...
Hong Kong’s Economic Woes Deepen: Earnings and Employment Under Strain
Hong Kong's economy faces significant challenges, with resident earnings and employment declining in the second quarter. Median incomes have dropped, businesses are cutting payrolls, and unemployment ...
Hong Kong life insurance sales hit record, driven by buyers from mainland China
Sales surge 12 per cent to US$14.9 billion as mainland visitors continue buying spree to chase better returns and hedge the yuan.
BOC HONG KONG Rallies 3%; 1H NP Up 17.9%, Interim DPS Adds to 57 Cents
BOC HONG KONG (02388.HK) earned 17.9% more in 1H24 and declared an interim dividend increased to 57 cents. This morning, the stock cracked opened 2.96% higher at $24.35, with 413,500 shares traded ...
Nomura plans to add bankers in Dubai, Hong Kong and Singapore
Nomura Holdings Inc plans to hire more wealth management bankers in Dubai, Hong Kong and Singapore - part of a huge push it is making to boost wealth assets outside of Japan to $35 billion by next ...
Hang Seng continues to back Hong Kong’s business community with new funding initiatives
Bank offers city’s small and medium-sized enterprises finance, innovation and sustainability to help them seize cross-boundary opportunities.
Foreign governments criticize Hong Kong’s convictions of journalists in sedition case
The convictions of two Hong Kong journalists who led a now-shuttered online news outlet have deepened concerns of media groups and foreign governments over the city’s press freedom ...
Viral F&B brands Bakehouse, Coa and Elephant Grounds have conquered Hong Kong … can they take China, too?
Bakehouse's egg tarts are already being resold in Lo Wu - can Hong Kong's F&B venues expand into China without losing their allure? On any given day of the week, a queue of hungry patrons can be seen ...
A Hong Kong court convicts 2 journalists in a landmark sedition case
A Hong Kong court convicted two former editors of a shuttered news outlet on Thursday, in a sedition case that is widely seen as a barometer for the future of media freedom in the city once hailed as a bastion of free press in Asia. Stand News former ...
{Hot Stocks}BOC HONG KONG(02388) quoted at HK$24.75, up 4.7%
[ET Net News Agency, 30 August 2024] BOC HONG KONG (02388) rose 4.7% to HK$24.75. It hits an intra-day high of HK$24.85, hitting an 1-month high, and an intra-day low of HK$23.8. The total shares ...