Retailing in Hong Kong to evolve into an online-offline hybrid, experts say Bank of China’s BOC Pay said it would roll out a series of offers and shopping discounts to those who collected the handout ... ( read original story ...)
Hong Kong’s first Retail Green Bond sells out with US$4.2 billion in orders, auguring well for city’s role as funding hub for climate-friendly projects
The three-year note, offering a 2.5 per cent return on a minimum investment of HK$10,000, was 1.2 times oversubscribed Strong response boosted by volatile stock market as investors seek a safer bet, ... ( read original story ...)
Essential for Hong Kong to strike balance as Xi Jinping digs in on zero-Covid
Words of Chinese president do nothing to raise hopes of an early reopening of the border with Hong Kong, which strives to remain an international finance hub It seemed unlikely not long ago, when ... ( read original story ...)
HSBC Break-up Pressure Marks the End of an Era
The bank’s position – with huge financial stakes and close political ties in both London and Beijing – has become increasingly untenable amid growing tensions. ( read original story ...)
2 New Executives Join HSB This Week
HANG SENG BANK (00011.HK) announced that two new executives have joined Hang Seng Bank this week. They are Angela Shing, Chief Marketing Officer, and Gloria Ho, Head of Human Resources. Both have ... ( read original story ...)
Inaugural Retail Green Bond attracts US$4.2 billion of subscriptions, as Hong Kong takes a step towards becoming a fundraising hub for climate-friendly projects
The three-year note, offering a 2.5 per cent return on a minimum investment of HK$10,000, was 1.2 times oversubscribed Strong response boosted by volatile stock market as investors seek a safer bet, ... ( read original story ...)
5 daunting tasks for Hong Kong’s next leader
Observers are watching to see if Mr Lee's housing outcomes will be any different. 3. Restoring world status Hong Kong's status as a global financial hub has taken a hit from the 2019 unrest and ... ( read original story ...)
US rate rise promises even more pain on way for battered Hong Kong
With gross domestic product shrinking sharply by 4 percent in the first quarter and the economy battling a slump, the last thing Hong Kong needs is a rise in interest rates that will hurt households ... ( read original story ...)
Hong Kong Stock Market May Take Further Damage On Friday
The Hong Kong stock market has finished lower in two straight sessions, sinking more than 300 points or 1.5 percent along the way. The Hang Seng now rests just beneath the 20,800-point plateau and ... ( read original story ...)
Calls to break up HSBC are a bleak sign of things to come for our once-global economy
And yet, sometimes, we financial economists get it right. In October 2020, I forecast in my Post column that "it would be unsurprising if the Hong Kong and China operations of HSBC developed a ... ( read original story ...)
Will Hong Kong reopen for business under new leader Lee?
Hong Kong's next leader John Lee is inheriting a once vibrant Asian business hub mired in its third year of pandemic isolation but he may prioritise security over an economic reboot, business leaders ... ( read original story ...)
Hong Kong’s economic recovery, consumer spending could suffer as base lending rate rises by the most in 22 years, analysts warn
Finance chief Paul Chan says trend of rate hikes for rest of the year could reach cumulative increase of 2.5 per cent or more Hongkongers who borrowed for mortgages may be exposed to higher payments ... ( read original story ...)
Why the wind appears to be going out of SPACs’ sails in Singapore and Hong Kong
... Acquisition Corp. on March 18 becoming the first SPAC to list on the Hong Kong Stock Exchange (HKEX).This came after Hong Kong adopted new listing rules on Jan. 1 that opened the door to IPO ... ( read original story ...)
Breaking Up HSBC Wouldn’t Solve its Political Woes
Two different HSBCs—each with different, clearly defined constituencies— might find life easier in some ways. But a split wouldn’t defuse the biggest political land mines. ( read original story ...)