Hong Kong could fall short of its 2 per cent economic growth forecast under the effects of the United States’ sweeping tariffs on Chinese goods, while the local stock market may experience short-term ...
Foreign Secretary urged to intervene in HSBC pensions scandal
McDougall called on Lammy to meet members of the British National (Overseas) community whose savings have been frozen by the banking giant.
Maryland finance expert weighs in after Hong Kong Post suspends shipping of non-airmail packages to U.S.
On Wednesday, the postal service, Hongkong Post, suspended non-airmail packages. Loyola University Maryland Executive in Residence of Finance Jason Cherubini said items coming from Chinese ...
China Stocks to Face $800 Billion US Selling in Extreme Case: GS
US investors could be forced to offload around $800 billion of Chinese equities “in an extreme scenario” of financial decoupling between the world’s two largest economies, Goldman Sachs Group Inc.
Global financial ‘bloodbath’ as Trump’s tariffs spark fears of worldwide recession, Hong Kong shares have worst day for 28 years and European stock futures tank
Shares in Hong Kong plummeted more than 13 percent in their worst day since the 1997 Asian financial crisis, as the Singapore benchmark index dropped 6.8 per cent. South Korea's Kospi lost 4.4 per ...
JPMorgan and BofA should stop work on IPO for China’s CATL, lawmaker says
JPMorgan Chase & Co and Bank of America should withdraw from working on the initial public offering of Chinese electric vehicle battery giant CATL, a Republican lawmaker said on Thursday. John ...
Hang Seng Bank, Mastercard launch new multi-currency debit card for businesses
It offers instant debit, secure exchange rates, and free transaction fees. Hang Seng Bank, in collaboration with Mastercard, has launched a new multi-currency debit card for businesses. The Hang Seng ...
A 30-Year-Old Becomes Billionaire on US IPO of Chinese Tea Chain
A 30-year-old Chinese entrepreneur has become an unlikely billionaire with the listing of his sprawling tea shop chain in the US, even as tensions between the two nations stoke an economic decoupling ...
Chagee CEO becomes a billionaire at 30 after US IPO
Zhang, who is Chagee’s chief executive officer, joins a wave of Chinese people who have made fortunes as fresh tea chains explode in popularity. That includes the two brothers behind Mixue Group, a ...
Hong Kong banks to see biggest rise in bad loans in Asia-Pacific due to US tariffs: Fitch
The ongoing tariff war is expected to put additional pressure on banks in Hong Kong, which are already grappling with elevated non-performing loans due to a prolonged property sector slump, according ...
OMG Hong Kong and HSBC celebrate the bank’s 160th anniversary with Rube Goldberg campaign
In celebration of HSBC’s 160th anniversary, the bank, in collaboration with media partner Omnicom Media Group (OMG) Hong Kong and its creative and content division, Fuse, has launched a bespoke Rube ...
Hong Kong spent HK$823 million on its athletes in 2023-24. Here’s where it went
Hong Kong Sports Institute on Wednesday released a report detailing its budget and achievements in 2023-24, revealing that it spent HK$822.9 million on training athletes. The taxpayer-funded ...
BOC Hong Kong downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs downgraded BOC Hong Kong (BHKLY) to Neutral from Buy with a price target of HK$29.50, down from HK$31.90. The firm lowered its ...
Hang Seng Bank promotes son of Hong Kong leader John Lee in China-unit reshuffle
The management changes in the bank’s mainland unit come at a critical time amid the US tariff campaign, a broker says.