The spikes in interbank rates also come alongside a decline in the aggregate balance - a gauge of cash balances in the Hong Kong banking system - which at just below HK$45 billion is at its lowest ...
HSBC supports HK esports athletes with new ‘Game On’ platform
HSBC and MSL Hong Kong have joined hands to launch the new “Everybody Game On” platform, starting with bringing the city together to support the players of the Hong Kong Esports team who are preparing ...
Asian Stock Market: Trades lower amid the fear of China property crisis, Hong Kong’s Hang Seng leads losses
EUR/USD is keeping its range at around 1.0650, struggling for a clear direction in the Asian trading on Monday. Markets stay risk-averse, weighing the Fed's 'higher-for-longer' rate view and lingering ...
Hong Kong JPEX scandal: who are the suspects arrested so far and how are they tied to cryptocurrency platform?
While ringleaders are believed to have fled, police have taken 11 people into custody as they seek to piece evidence together Suspects include social media influencer, YouTubers, director of ...
Financial secretary Paul Chan meets Bank of England governor and other top figures in London, despite frosty Hong Kong-UK relations
Paul Chan and Bank of England governor discuss interest rates, inflation trends, global economic outlook and areas such as financial regulation in London.
Alibaba’s Cainiao plans to raise at least US$1 bil in Hong Kong IPO soon
Cainiao Network Technology Co., the logistics arm of Alibaba Group Holding Ltd., is planning to file for its Hong Kong initial public offering as soon as next week, according to people familiar with ...
UPDATE 1-China’s Neusoft Xikang becomes 3rd HK IPO this week to price shares at low end – source
SYDNEY, Sept 22 (Reuters) - China’s Neusoft Xikang will price its shares at HK$4.76 (61 U.S. cents) each to raise $81.5 million in an Hong Kong initial public offering (IPO), said a person with direct ...
Midea Group, China’s world-beating home appliances giant, to file for US$1 billion Hong Kong IPO next month, sources say
Midea Group, China’s world-leading home appliances giant, plans to file its listing application in Hong Kong as early as next month, which could raise more than US$1 billion in proceeds, people ...
Alibaba, AIA, HSBC lead losses in Hong Kong, volume sinks as Fed’s hawkish pause adds to stock, yuan misery
Stocks suffer another round of selling, sending the Hang Seng Index to a one-month low. Fed officials indicate the central bank is not done yet with tightening this year. Market turnover approaches a ...
HSBC to make $1 billion in funding available to climate-tech startups
A logo of HSBC is seen on its headquarters at the financial Central district in Hong Kong, China August 4, 2020. REUTERS/Tyrone Siu/File Photo ...
BOCHK Hong Kong dollar interest rates stay the same
Savings accounts with a daily account balance over HK$1m will enjoy a bonus rate. Bank of China (Hong Kong) has announced that its Hong Kong Dollar (HKD) prime rate and savings deposit rate remain ...
Alibaba, Tencent HSBC lead losses in Hong Kong stocks as Fed’s hawkish pause adds to market misery
Stocks suffer another round of selling, sending the Hang Seng Index to a one-month low. Fed officials indicate the central bank is not done yet with rate tightening this year, ...
HSBC Buys back Nearly 4.24M Shrs for $244M Ytd
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 4.2398 million shares of the company at HKD244 million yesterday (6th) in the UK and HK markets.Among which, 2.315... HSBC HOLDINGS ...
Beijing Fourth Paradigm to Price Hong Kong IPO at Low End of Range -Source
SYDNEY (Reuters) - Chinese artificial intelligence startup Beijing Fourth Paradigm is set to price its shares at HK$55.6 each, the low end of the price range, to raise HK$1.023 billion ($131 million), ...