That came after the bank kept rates on hold - at 0.75% ... And Asian markets followed the US higher as well, with Shanghai’s Composite index up 1.5% while Hong Kong’s Hang Seng gained 1.5%, putting as... ( read original story ...)
US Futures, European Markets Jump Despite Another Chinese Rout
South Korea also slumped, but markets in Hong Kong, Australia and India all gained ... while the Japanese benchmark was less decisive as earnings dominated news flow. Elsewhere, Hang Seng (-0.2%) and ... ( read original story ...)
US Futures Surge, European Rebounds As Market Rout Fades After $7 Trillion Wiped Out
Most economists expect ECB President Mario Draghi to say the bank will stick to plans to end stimulus this ... (Unch) closed little changed and Hang Seng (-1.2%) saw firm losses with Cathay Pacific sh... ( read original story ...)
FTSE 100 heads back down; ECB ‘confident’ of Italy budget deal
The European Central bank has left monetary policy unchanged as expected ... In Asia, Japan’s Nikkei slid 786 points or 3.5% to 21,302 while Hong Kong’s Hang Seng was 2.09% lower at 24,709 and the Sha... ( read original story ...)
HSBC will need shoring up in its home markets
Watch out HSBC Holdings Plc. The digital banking revolution is coming for all the easy money the UK-based bank has long taken for granted. Hong Kong was HSBC’s birthplace as the Hongkong ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) potential trade deal between US and Beijing
Hong Kong’s Hang Seng index surged 4.21 percent by Friday’s close following a report that U.S. President Donald Trump has asked officials in his administration to start drafting a potential trade deal ... ( read original story ...)
Hong Kong’s appeal as a virtual banking hub is about to be put to the test as first online lenders arrive
Hong Kong’s appeal as a virtual banking hub will soon be put to the test, as the first round of licence approvals – due by the end of the year – will enable new competition in a city that ranks as one ... ( read original story ...)
HSBC, other banks launch HK blockchain trade finance platform
Other major banks who participated in the development of the platform – facilitated by Hong Kong’s de facto central bank, the Hong Kong Monetary Authority (HKMA) – included Agricultural Bank of China ... ( read original story ...)
Singapore still beats Hong Kong over Asia’s open banking readiness crown
DBS and OCBC are regional pioneers in fintech and innovation. Singapore retained the top spot in Asia's' open banking readiness index amidst proactive decisions by the city state's regulators to embra... ( read original story ...)
Chinese central bank’s step into Hong Kong to ‘improve transparency and liquidity’
The planned bill sale by the People’s Bank of China (PBOC) in Hong Kong next week, the central bank’s first step towards creating a offshore monetary policy, will improve market transparency and help ... ( read original story ...)
Bank Blockchain Now Live in Hong Kong
The aim of eTrade Connect, as it is called, is to modernise the world’s trade finance network, which was worth around $9 trillion in 2017. Despite its size, the market is outdated and largely paper-ba... ( read original story ...)
Cryptocurrency rules unveiled by SFC as Hong Kong aims to become major trading hub
Hong Kong’s financial watchdog unveiled on Thursday a comprehensive set of regulations governing cryptocurrencies in a move to enhance investor protection which analysts believe could help make the ci... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) bracing for more volatility
The current value of the CCI is 20. This is not a topping or bottoming area. The last signal was a buy 1 period(s) ago. HANG SENG INDEX closed up 436.311 at 25,416.000. Volume was 18% above average (n... ( read original story ...)
Cryptocurrency rules to be unveiled by SFC as Hong Kong aims to become major trading hub
Hong Kong’s financial watchdog will today unveil a comprehensive set of regulations governing cryptocurrencies in a move that could help make the city a major trading centre for virtual assets. The ne... ( read original story ...)