More than 450,000 bank customers will be able to transfer money, shop and pay bills by scanning Quick Response (QR) bar codes from Sunday (Sept 30), via a new Hong Kong Monetary Authority (HKMA) platf... ( read original story ...)
HK banks cast pall over property by raising rates
Having enjoyed low, stable borrowing costs for more than a decade, Hong Kong's economy is now bracing for higher rates as the US central bank normalizes policy. Hong Kong is the major city at the bigg... ( read original story ...)
HK banks increase rates for the first time in 12 years
HSBC, Hang Seng Bank and Bank of China (Hong Kong) all said they will raise their benchmark lending rates to 5.125 percent from 5 percent, while Standard Chartered will raise its to 5.375 percent from ... ( read original story ...)
HK banks hike rates for first time in 12 years
Hong Kong's economy and property market are bracing for further increases as the U.S. central bank normalises policy. The HKMA, which plays the role of a central bank in Hong Kong, raised its referenc... ( read original story ...)
Hong Kong shares slip as banks including HSBC raises prime lending rates
The move by HSBC, which was swiftly followed by Standard Chartered and Hang Seng Bank, took its cue from the US Federal Reserve and the Hong Kong Monetary Authority. HSBC, the biggest lender in the ci... ( read original story ...)
Hang Seng closes down 101 points
Stocks in Hong Kong slid Thursday after the city's de facto central bank raised the base rate by a quarter point. Chinese equities also closed lower. The benchmark Hang Seng Index declined 0.36 percen... ( read original story ...)
The 10th HKIB Banking Conference Concludes in Hong Kong
This year's theme focuses on how banks can embrace the digital age to enhance customer satisfaction in a smart society HONG KONG, Sept. 28, 2018 /PRNewswire/ -- The Hong Kong Institute of Bankers ... ( read original story ...)
HK banks raise prime rates for first time in 12 years
The Federal Reserve on Wednesday (Thursday in Hong Kong) lifted the benchmark overnight lending rate by a quarter of a percentage point to a range of 2.00 percent to 2.25 percent, its third rate incre... ( read original story ...)
Hong Kong: Bank Rate Hikes Heap Stress On Borrowers
With some Hong Kong banks increasing their benchmark lending rates, mortgage repayments could become increasingly difficult, affecting demand for properties and other asset markets, too. Hong Kong's i... ( read original story ...)
HSBC to raise best lending rate
Also with effect on the same day, HSBC will raise its Savings Rate for Hon... File photo shows the HSBC Building in Central, Hong Kong. (Sing Tao photo) The Hongkong and Shanghai Banking Corporation b... ( read original story ...)
Hong Kong queue of IPO hopefuls faces market reckoning
HONG KONG (Reuters) - The number of companies filing to go public in Hong Kong has jumped almost threefold this year, driven in part by China’s burgeoning technology sector, but they will have ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) stocks recover their poise after Fed jolt
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 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 ...)
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 ...)