However, Hong Kong's major lenders did not follow suit. HSBC and Bank of China (Hong Kong) kept their best lending rates unchanged at 5.625 per cent, while Standard Chartered kept its prime rate ...
HK’s BEA shares decarbonisation and sustainable development efforts in 2022
The bank was able to cut operational emissions by 29.7%. The Bank of East Asia has reaffirmed its commitment to reach net zero emissions in its operations by 2030 and its financed activities by 2050, ...
Hong Kong central bank buys over $905m to shore up currency
HONG KONG (Reuters) -- Hong Kong's de facto central bank bought $7.104 billion Hong Kong dollars worth of U.S. dollars ($905 million) during New York's Monday trading hours to stop the local currency ...
Paper packaging maker Millennium Group stock falls 24% after $5M IPO
Millennium Group International (NASDAQ:MGIH), a maker of paper packaging products in Asia, saw its stock sink 24% in afternoon trading Tuesday after holding a $5M US initial public offering. Shares of ...
Italian financial consultant in Hong Kong duped out of HK$14 million in bogus cryptocurrency investment as part of love scam
Man, 55, had responded to Tinder message from con artist pretending to be female investment broker in Singapore.
Vape products vendor Ispire sees stock jump as high as 34% after $19M IPO
Based in Los Angeles with significant operations in Hong Kong, Inspire is a developer and marketer of branded ... For more on Ispire, check out Donovan Jones's "Ispire Technology Tries Again for US ...
Yibin City Commercial Bank Considers $300 Million Hong Kong IPO
Yibin City Commercial Bank Co. is considering a Hong Kong initial public offering that could raise about $200 million to $300 million, according to people familiar with the matter.
Hong Kong risks financial crisis if public money spent poorly on artificial islands, Northern Metropolis, ex-housing minister says
He pointed out that, in the past, the government's formula for achieving strong financial returns by selling reclaimed land to developers had worked well during economic booms. "But now the economic ...
HKECIC and Hang Seng deliver first green export credit insurance
The very first green financing arrangement will ease export expenses whilst maintaining sustainability. The Hong Kong Export Credit Insurance Corporation (HKECIC) and Hang Seng Bank “break new ground” ...
Italian financial consultant in Hong Kong duped out of more than HK$14 million in bogus cryptocurrency investment as part of love scam
Man, 55, had responded to Tinder message from con artist pretending to be female investment broker in Singapore The case is the latest in a string of similar crimes with losses for each totalling more ...
Hedge Fund Snow Lake Quits Hong Kong After More Than a Decade
China-focused hedge-fund firm Snow Lake Capital Ltd. has left Hong Kong after 12 years of operating in the city, people familiar with the matter said.
Hong Kong intervenes to defend currency peg amid capital flight as Fed’s tightening bias surprises markets
The HKMA bought HK$7.1billion (US$905 million) on April 4 and sold the equivalent amount of US -currency to protect the currency trading band Traders have raised bets for a -50-basis point increase at ...
Hong Kong Intervenes in FX Market For First Time in Seven Weeks
The Hong Kong Monetary Authority bought the local dollar for the first time since mid-February after the currency slid past the weak end of its trading band.
Hang Seng delivers Leo Paper green financing
Hang Seng Bank has delivered a green receivables financing solution for Leo Paper Group, with an export credit insurance provided by Hong Kong Export Credit Insurance Corporation (HKECIC) that ...