Companies receive support from city's Office for Attracting Strategic Enterprises Fintech companies from mainland China are setting up their headquarters in Hong Kong, drawn to the city's accessible ...
HSBC To Initiate First Round of Job Cuts In Coming Weeks As Lender Plans Major Overhaul
Washington: Hong Kong and Shanghai Banking Corporation (HSBC) is likely to start its procedure of job cuts across the globe in the days to come. In an interview with Bloomberg, Michael Roberts, ...
HSBC, 5 other Hong Kong lenders cut rates to lowest level in 2 years
Rate cut could lighten monthly mortgage repayment by HK$709 for a typical HK$5 million, 30-year loan priced at prime minus 1.75 per cent, broker estimates.
AuGroup Landed on the Hong Kong Stock Exchange, “The First Share of Furniture Going Overseas”, with Promising Potential Growth
Influenced by the easing cycle of overseas central banks and the continuous release of positive policy signals from the Mainland, investor sentiment in the Hong Kong stock market had markedly improved ...
Hong Kong’s second-hottest IPO delivers 33% debut gain after 5,678 times subscription
IPO of Chinese auto-parts maker attracted 5,678 times in subscription from Hong Kong retail investors, trailing only Kwai Chung’s 2018 offering.
Hong Kong home prices to bottom out in short term after rate cut, analysts say
and Bank of China Hong Kong (BOCHK) – followed suit, trimming the cost of borrowing to the lowest level in two years. BOCHK, HSBC and its subsidiary Hang Seng Bank will trim their prime rate by a ...
Hong Kong’s base interest rate drops to 5% after Fed’s quarter-point cut
Hong Kong’s de facto central bank has cut its base interest rate ... economic and trade policies,” the HKMA said in a statement after the rate cut. “The risk of global financial market volatility ...
Hong Kong central bank cuts interest rate after Fed move, banks follow
Major Hong Kong banks followed with HSBC cutting its Hong Kong dollar best lending rate by 25 basis points and Bank of China (Hong Kong) also cutting its Hong Kong dollar prime rate by the same ...
HSBC cuts prime rate by quarter point in second round of tonic for Hong Kong economy
HSBC, the biggest commercial bank in Hong Kong, lowered its prime lending rate for a second time this year, trimming borrowing costs for consumers and businesses. Bank of China’s local unit matched ...
APT Electronics, Hong Kong’s second-hottest IPO, surges 16% in trading debut
IPO of Chinese auto-parts maker attracted 5,678 times in subscription from Hong Kong retail investors, trailing only Kwai Chung's 2018 offering APT Electronics, a Chinese lighting devices supplier, ...
Bank of China Hong Kong unveils AI chatbot to foster love of Tang dynasty poetry
Era is known as the golden age of Chinese literature; application allows users to create personalised poems in the traditional style.
Hong Kong’s base interest rate drops to 5 per cent after Fed’s quarter-point cut
Together with the half-percentage-point cut in September, Hong Kong's key rate has now fallen back to February 2023's level Hong Kong's de facto central bank has cut its base interest rate for the ...
HSBC HOLDINGS May Announce New Round of Layoffs within Weeks to Streamline Structure
Michael Roberts, head of HSBC HOLDINGS (00005.HK)'s newly established global wholesale banking unit, said the bank will seek to wrap up the ongoing restructuring very swiftly and may announce the ...
HSBC HOLDINGS Buys Back Total 8.81M+ Shrs for $638M Ytd
HSBC HOLDINGS (00005.HK) repurchased a total of 8.8119 million shares in the UK and Hong Kong markets yesterday (7th), involving a total amount of $638 million, according to HSBC HOLDINGS' ...