Hong Kong housing is at risk of becoming the least affordable in 24 years, as rate hikes by the US Federal Reserve drive up borrowing costs in the Asian financial hub. ( read original story ...)
Hang Seng Bank raises prime rate to 5.125%
HK dollar savings deposit rates with balances of HK$5,000 and above is now 0.125% pa. Hang Seng Bank is raising its Hong Kong dollar prime rate to 5.125% per annum (pa), 12.5 basis points higher than ... ( read original story ...)
Singapore Overtakes Hong Kong in World Financial Centers Ranking
Singapore has overtaken Hong Kong to become Asia’s top financial center — and the third in the world — according to a new report that puts New York and London in the first and second spots.Most Read ... ( read original story ...)
Trudeau to name career diplomat and first woman as ambassador to China
Career diplomat Jennifer May has trade experience and a strong perspective on China’s role in the Indo-Pacific region after serving in Hong Kong and Thailand ... ( read original story ...)
Corporate America holds fast to Communist China in Hong Kong
Communist China keeps crushing the life out of Hong Kong's democracy. Beijing is breaking its commitment under a binding Sino-British treaty to respect Hong Kong's democratic rule of law until 2047. ( read original story ...)
Singapore outpaces Hong Kong
SINGAPORE: Singapore looks like an attractive location for firms wanting to exit Hong Kong, but they may find a move to the city-state hits their bottom line more than expected. ( read original story ...)
Trudeau to name ‘black-belt diplomat’ and first woman as ambassador to China
Career diplomat Jennifer May has trade experience and a strong perspective on China’s role in the Indo-Pacific region after serving in Hong Kong and Thailand ... ( read original story ...)
Hong Kong c.bank raises rate, HSBC and Standard Chartered follow
Hong Kong on Thursday raised its base rate by 75 basis points (bps) to 3.5%, prompting the largest commercial banks operating in the territory, including HSBC , to increase their best lending rates. ( read original story ...)
Hong Kong journalist is on a trumped-up charge
Letter: It is distressing that the authorities have targeted Ronson Chan, who was about to start a new life in the UK, writes Natalie Bennett ... ( read original story ...)
First-home buyers swoop in on Sun Hung Kai’s Wetland flats to get ahead of Hong Kong’s first mortgage hikes in four years
The limited offer came on the day when five of Hong Kong’s largest banks raised their prime rates for the first time in four years, hot on the heels of a 75-basis point increase in base rate by the ... ( read original story ...)
Hang Seng & Shanghai Composite Approach Key Levels For Policy Support
Chatter that President Xi's speech on China maintaining military readiness is said to have weighed on US-China ADRs yesterday though the lack of buyers is the real culprit despite rock bottom ... ( read original story ...)
Continuous interest rate hikes will further threaten Hong Kong’s small businesses, experts say, urging government to offer more support
Unless the government rolls out more supportive measures, I’m worried we will see more people going bankrupt in the coming months,’ economist says. ( read original story ...)
Top US, UK and China Law Firms Take on Hong Kong’s Largest IPO of 2022
Paul Hastings, Herbert Smith Freehills and JunHe are among the firms advising on Hong Kong’s largest IPO so far in 2022. Onewo Space-Tech Service, the property management services arm of China real ... ( read original story ...)
Hong Kong’s banks raise prime rates for the first time in 4 years as cost of money soars to 14-year high
HSBC, Standard Chartered, Bank of China (Hong Kong) and Hang Seng Bank raised their best lending rate for borrowers by 12.5 basis points The first increase in prime rates in four years will hurt the ... ( read original story ...)