Hong Kong’s benchmark share index closed higher on Friday as investors shrugged off a sharp contraction in China’s first-quarter gross domestic product (GDP) and bet on hopes of recovery as the impact ... ( read original story ...)
Hong Kong orders banks to grant unprecedented six-month loan repayment holiday to help small businesses survive slump
The intervention by the Hong Kong Monetary Authority (HKMA) – the first such by the de facto central bank since its founding in 1993 – comes as SMEs bear the brunt of dwindling cash flow amid the ... ( read original story ...)
Waste not, want not: Hong Kong cafe zeros in on reducing trash
A zero food waste cafe in Hong Kong is trying to tackle the financial hub’s escalating trash problem by providing meals that are fully compostable, such as vegetables and herb flatbreads, and ... ( read original story ...)
Credit Suisse out of Tencent-backed WeDoctor’s Hong Kong IPO after Luckin Coffee’s accounting scandal
Shanghai overtakes Hong Kong as world’s top IPO market While JD.com has picked Bank of America and UBS to sponsor its secondary listing in Hong Kong, the company has yet to appoint bookrunners for the ... ( read original story ...)
Hong Kong stocks slip to 1-week low as growth risks multiply
The Hong Kong stock market drifted to its lowest level in over a week as worries about the coronavirus outbreak’s economic impact weighed, ahead of China’s first-quarter GDP data that is likely to be ... ( read original story ...)
Hang Seng Bank Stock
Moody's affirms Hongkong and Shanghai Banking Corporation and Hang Seng Bank's long-term deposit ratings; outlook on foreign-currency deposit... Quotes for Hang Seng Bank Stock Hang Seng Bank ... ( read original story ...)
Hang Seng Bank introduces in-app savings and budgeting tool
Margaret Kwan, Executive Director and Head of Retail Banking and Wealth Management at Hang Seng, said: “We are excited to be the first bank in Hong Kong to launch this smart in-app saving and ... ( read original story ...)
BOC Hong Kong: Net Interest Margin Pressure Justifies Undemanding Valuation
BOC Hong Kong's asset quality is expected to hold up better than peers because of its customer structure with lower exposure to SMEs and food & beverage and tou ... ( read original story ...)
Hong Kong expects 1/4 of retail stores to close by end-2020: HKRMA
The Hong Kong Retail Management Association (HKRMA) said on Thursday that about 25% of retail stores in the Asian financial hub were expected to close by end of the year despite fresh government ... ( read original story ...)
Rebel HSBC shareholders urge SFC to bargain with Bank of England over lost dividends
A band of rebel HSBC shareholders converged on the doorstep of Hong Kong’s securities regulator on Thursday, urging the local watchdog to intercede on their behalf with the Bank of England over their ... ( read original story ...)
Hong Kong well-positioned to withstand currency attacks, even with coronavirus spending, Financial Secretary Paul Chan says
The city has been targeted in the past by speculators betting on the Hong Kong dollar and pushing down the stock market. A new arrangement to fend off such attacks is a currency-swap mechanism set up ... ( read original story ...)
Hong Kong? Bushfires? What’s been happening on the biggest non-coronavirus stories of the year
New Year’s Day saw another huge pro-democracy rally in Hong Kong; bushfires in Australia destroyed more than 18 million hectares of forest and left at least 34 dead; while a U.S. missile killed Iran’s ... ( read original story ...)
Hong Kong follows most Asia-Pacific markets lower as IMF warns ‘Great Lockdown’ is the worst downturn since Great Depression
Hong Kong and most Asia-Pacific stocks declined Wednesday on fears ... according to gauges tracking them. The People's Bank of China on Wednesday cut its medium-term lending facility (MLF) rate to ... ( read original story ...)
China’s central bank cuts key rate to record low
The People’s Bank of China (PBoC) said it was lowering the one-year medium-term lending facility ... portfolio manager at Green Harmony Capital in Hong Kong. Some market participants believe the ... ( read original story ...)