MACC Senior Superintendent Nur Aida Arifin, the 49th prosecution witness in Datuk Seri Najib Razak’s trial over the misappropriation of RM2.27 billion of 1MDB’s funds, confirmed that all the documents ...
Greater Bay Area: HSBC, Standard Chartered increase Wealth Management Connect products amid drive to promote cross-border investment
Banks in Hong Kong including HSBC and Standard Chartered Bank are rolling out more products tied to the Wealth Management Connect scheme amid a drive by Beijing to boost the Greater Bay Area’s ...
Hong Kong’s BEA launches WMC 2.0 Southbound services
WMC 2.0 expands investment opportunities southbound, providing BEA and its China business, BEA China, to offer expanded services. Under the WMC 2.0 scheme, the eligibility for Chinese mainland ...
HSBC HOLDINGS Buys back ~5.77M Shrs for $342M Last Fri
HSBC HOLDINGS (00005.HK) +0.050 (+0.084%) Short selling $1.01B; Ratio 49.017% announced that it repurchased a total of 5.7699 million shares of the company last Friday (23rd) in the UK and Hong Kong ...
Hong Kong’s rainy day Future Fund now makes up biggest share of city’s dwindling reserves, sparking calls from experts for prudence
Structural change in fiscal reserves suggests government more likely to dip into Future Fund earlier than expected, economists say Fund must be used prudently or it will be in danger, academic warns ...
Hong Kong banks to see bumpier year
HONG KONG: While Hong Kong banks have reaped the benefits of rising interest margins in 2023, experts are warning of tough times ahead for the sector, as economic uncertainties are expected to lead to ...
Hong Kong prepares transition finance framework to support development as an international green finance hub
The city will refer to what others are doing so that there are not too many differences in the transition taxonomy between banks in different jurisdictions: HKMA deputy CEO Darryl Chan Prototype will ...
New fraud victim every 13 minutes: Hong Kong police Scameter app upgraded to send pop-up alerts amid HK$5.5 billion in tech-related losses
Reported scam losses hit HK$5.49 billion last year with fraudsters changing methods to trick victims Police hope people will report suspicious numbers and web links to help expand Scameter app ...
BOC Hong Kong (BHKLY) Price Target Increased by 9.17% to 53.31
The average one-year price target for BOC Hong Kong (OTCPK:BHKLY) has been revised to 53.31 / share. This is an increase of 9.17% from the prior estimate of 48.84 dated January 18, 2024. The price ...
Hong Kong budget 2024-25: government should cut property cooling measures gradually rather than all at once, tax expert and lawmaker say
Authorities urged to refrain from scrapping stamp duties in one go to avoid triggering real estate market volatility, in contrast to views from top political parties Calls among those made to finance ...
Hang Seng Bank Slashes China Property Exposure by 33% in 2023Hang Seng Bank Slashes China Property Exposure by 33% in 2023
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How infrastructure borrowing can benefit Hong Kong for decades to come
Debt financing is more efficient and equitable, with cutting spending and raising taxes unpalatable given the city’s current sluggish growth.
HSBC commitment to Asia welcome as it profits from region
Hong Kong banks report strong earnings but rates uncertainty signals risks ahead With the Fed expected to start cutting interest rates before the end of the year, margins for lenders will narrow, ...
BOC HONG KONG To Appoint 2 Deputy Chief Executives: Report
BOC HONG KONG (02388.HK) will make a new round of senior appointments to fill vacancies and adjust its division of labor, Hong Kong media quoted sources as saying. Li Tong, who was the chief ...