The Hang Seng Index tracks overnight gains in US equities after the Fed and HKMA kept their key rates on hold in boost to businesses, homeowners Some fund managers see the Fed on holding pattern going ...
Hong Kong keeps base rate steady at 5.75%, giving businesses, homeowners a leg up while city’s economy regains strength
The Hong Kong Monetary Authority (HKMA) maintained its base rate at 5.75 per cent on Thursday, according to statement from the de facto central bank. Hours earlier, the Fed left its target rate in the ...
Signal: Hong Kong leading the charge on digital currency after pilot
Hong Kong’s Monetary Authority (HKMA) yesterday (30 October) released the Phase 1 Report for its e-HKD Pilot Programme, with promising results. The programme, which began in May of this year, is ...
North Korea Close Embassies in Spain, Hong Kong, and Africa as Sanctions Deepen Financial Woes
North Korea is closing several embassies, including those in Spain, Hong Kong, and multiple African countries, as a result of financial struggles caused by international sanctions. This move, which in ...
Visa completes digital Hong Kong dollar pilot test with local banks
Payment processor Visa has completed the Hong Kong Monetary Authority's central bank digital currency (CBDC) Pilot Programme with HSBC and Hang Seng Bank. According to the November 1 announcement, the ...
Hong Kong stocks slip as ICBC leads slump among Chinese banks amid earnings, credit risks in property market
Hong Kong stocks fell, led by losses in mainland China’s biigest lenders including Bank of China and Industrial and Commercial Bank of China (ICBC) amid concerns about their loan exposure to the ...
ZA Bank opens operating account for OKX Hong Kong, In collaborative effort to support Hong Kong’s Web3 development
ZA Bank, Hong Kong's No.1 virtual bank[1], and OKX, a leading global virtual asset exchange and Web3 technology company, today announced that the bank has opened an operating account for OKX Hong Kong ...
Hong Kong’s 5 ‘finance bro’ types and how to identify them by their outfits
From the client-facing hedge fund guys with their expensive suits and designer shoes to tech bros in polo shirts and sneakers, here’s how to identify Hong Kong’s finance bros by their outfits.
Alibaba, HSBC, BYD lead stock slump in Hong Kong on surprise drop in Chinese manufacturing
The city’s stock benchmark completed a third month of losses. A surprise drop in manufacturing in October means it’s too early to call the bottom in the Chinese economic slowdown, Nomura says.
Skadden, Jia Yuan to Help Launch Hong Kong’s First Billion-Dollar IPO of 2023
Freshfields Bruckhaus Deringer and King & Wood Mallesons have also bagged roles on the much-welcomed transaction.
Hong Kong – Sponsors Still Taking The Rap For Listing Fraud.
Hong Kong - Sponsors Still Taking The Rap For Listing Fraud. Legal News and Analysis - China, Hong Kong - Capital Markets - ...
Hong Kong Economy Grows Slower Than Expected as Recovery Cools
Hong Kong’s economy grew less than expected in the third quarter of this year, suggesting the Asian financial hub’s post-pandemic boost may be fading.
Bank of China Hong Kong expanding e-HKD prepaid pilot to 50 products
It is now inviting customers to participate in the pilot. Bank of China (Hong Kong) (BOCHK) is expanding its hypothetical e-HKD prepaid pilot services to 50 prepaid service products and is inviting ...
Hong Kong stocks hold at 11-month low as HSBC, ICBC lead slump among banks on earnings, property risks
China’s major lenders slumped amid concerns about earnings, with Bank of China and HSBC both missing market consensus in their report cards. BYD erased a 2 per cent drop before its expected record ...