Financial printing company is committed to supporting the financial industry’s goal of further spurring economic growth and development ...
Hong Kong shares fall on Powell’s hawkish tone, suffering worst week since March
Hong Kong stocks extended losses on Friday, posting their sharpest weekly decline since March as hawkish comments by U.S. Federal Reserve Chair Jerome Powell dampened market sentiment.
Hong Kong Stocks End Week With Another Loss
Hong Kong shares finished sharply lower Friday at the end of tough as traders fret over more central bank interest rate hikes as well as China's stuttering economic recovery.
Hong Kong shares fall on Powell’s hawkish tone, set for worst week since March
Hong Kong stocks fell on Friday and were set for their sharpest weekly decline since March as hawkish comments by U.S. Federal Reserve Chair Jerome Powell dampened market sentiment.
Hong Kong economy driven by local spending as exports remain weak, finance chief says, calling on residents to spend consumption vouchers in July
Financial Secretary Paul Chan attributes poor performance of exports to continuing challenges city faces on external front Chan calls on residents to 'spend more', noting latest instalment of ...
HSBC’s PayMe allies with AsiaPay to offer merchant payment solutions
The collaboration attracts customers through versatile payment choices through a unified device. AsiaPay, a digital payment solutions provider in the Asia Pacific, has partnered with PayMe by HSBC in ...
Five HK banks, HKECIC team up to underwrite risk on domestic sales in China
The collaboration targets to boost insurance protection for Hong Kong exporters. The Hong Kong Export Credit Insurance Corporation (HKECIC) announced its collaboration with five banks to pilot scheme ...
Hong Kong lawmakers pass bill ordering Jockey Club to pay HK$12bn in football betting tax to boost gov’t revenue
The Legislative Council has passed a bill ordering the Hong Kong Jockey Club to pay an extra HK$12 billion in tax on its football betting earnings over the next five years to swell government coffers, ...
UBS to start Credit Suisse Asia investment banking job cuts in July
UBS will start cutting Asia investment banking jobs at Credit Suisse next month, three people with knowledge of the matter said, as the banks move towards integrating businesses.
UBS to start Credit Suisse Asia investment banking job cuts in July -sources
UBS will start cutting Asia investment banking jobs at Credit Suisse next month, three people with knowledge of the matter said, as the banks move towards integrating businesses. UBS completed its ...
Citic, JPMorgan Replacing CICC in Cainiao’s Hong Kong IPO, Sources Say
Cainiao Network Technology Co., the logistics arm of Alibaba Group Holding Ltd., has seen a reshuffle in the banks that are preparing for its Hong Kong initial public offering, people familiar with ...
Hang Seng Expected To Open Under Pressure On Wednesday
The Hong Kong stock market has finished lower in back-to-back sessions, tumbling more than 430 points or 2.2 percent along the way.
Hong Kong stocks hit by worst sell-off in 4 weeks as Beijing disappoints market bulls while Nio jumps on fund purchase
Stocks slump for a third day, erasing more than US$61 billion of market value from Hang Seng Index’s members this week. Bets on China stimulus are unwinding as analysts cut their growth forecasts ...
Hong Kong government pressuring banks to accept crypto, Tradecurve to grow 100 percent.
The Financial Times reported on June 15 that HKMA questioned the U.K.-based firms as well as the Bank of China in a meeting that was held in May.