City authorities reject 'misleading' article which cites report by 'anti-China' Committee for Freedom in Hong Kong Foundation The Hong Kong government has hit back at a commentary published in a major ...
Hong Kong central bank keeps base rate unchanged as Fed holds steady
THE Hong Kong Monetary Authority (HKMA) left the base rate it charges through the overnight discount window at 5.75 per cent on Thursday (Aug 1), after the US Federal Reserve held its rates steady.
Burnishing its economic credentials, Hong Kong appeals to more people with growing vitality
A stainless steel sculpture, situated in Hong Kong Exchange Square, depicts two men playing Chinese martial arts and presents the Chinese philosophy ...
Hong Kong shares open slightly lower after Fed meeting
The Hang Seng Index fell 16.75 points, or 0.1 percent, to open at 17,327.85 points on Thursday, following its 2 percent rise on Wednesday ahead of ...
Hong Kong keeps base rate unchanged, as US Fed paves way for a cut ‘as soon as’ September
The city's base rate remains unchanged at 5.75 per cent, according to the Hong Kong Monetary Authority Hong Kong's de facto central bank kept its base interest rate unchanged on Thursday for the ...
How to Invest in Triller Pre-IPO
However, on May 6, 2024, Triller withdrew this filing ahead of a planned merger with AGBA, a Hong Kong-based conglomerate that focuses on financial services and healthcare. This decision means Triller ...
Hong Kong economy grows by 3.3% in second quarter, but analysts caution against optimism
Financial Secretary Paul Chan Mo-po on Sunday stressed Hong Kong would cultivate new productive forces, adding that the mainland Chinese economy was providing "the most significant support" to the ...
Chinese auto chip designer Black Sesame to raise up to US$143 million in Hong Kong IPO
Black Sesame’s listing initiative in Hong Kong would follow the successful initial public offering in June of Tencent Holdings-backed QuantumPharm.
HANG SENG BANK: Whether NPL Ratio Tops Out Depends on Various Factors; 2024 ECL Expected to Fall YoY
Diana Cesar, CEO of HANG SENG BANK (00011.HK), said in a press conference for the interim results that HANG SENG BANK's non-performing loan (NPL) ratio increased by 2.49 ppts to 5.32% due to the ...
Hong Kong’s so-called upside-down home loans steady, but could rise if prices fall further
The number of mortgage holders with negative equity fell 5.5 per cent to 30,288 at the end of June, from 32,073 at the end of March, according to HKMA data.
Hong Kong stocks rebound after soft PMI data triggers stimulus hopes
Soft PMI readings point to risks of a further economic slowdown, giving Beijing more reasons to strengthen countercyclical measures, Nomura said.
HSBC rises 3% in Hong Kong after profit beat, share buyback announcement
Europe's largest lender HSBC posted a narrow decline in pretax profit in the first half of the year, but beat expectations on the back of a high-interest rate environment. The bank outlined its ...
HSBC announces $3bn share buyback and names interim finance chief
HSBC announced a $3bn share buyback on Wednesday and said its financial controller Jon Bingham had been appointed interim chief financial officer, as profits rose in the second quarter. Reported ...
HSBC records $21.6 billion pre-tax profit in first half 2024
Banking giant HSBC said Wednesday that pre-tax profits in the first half of 2024 came in at $21.6 billion, slightly lower than last year's record performance.