City's finance minister says it is 'appropriate' to give out vouchers since city is still recovering from economic effects of coronavirus pandemic Eligible residents will receive HK$5,000 over two ...
Analysis: Debt-laden local governments pose fresh challenges to China’s growth, financial system
China's push to revive the economy this year by increasing infrastructure spending while warding off financial risks is facing headwinds from massive local-government debt, which is more than $9 ...
Hong Kong stocks plunged Friday following a rout on Wall Street fuelled by worries over the banking sector, while traders are also awaiting the release of key US jobs data.
The Hang Seng Index dived 3.04 percent, or 605.82 points, to 19,319.92, wiping out all the gains made so far this year. The Shanghai Composite Index sank 1.40 percent, or 46.02 points, to 3,230.08, ...
AIA looks past one of its worst years, banking on Hong Kong’s reopened borders to lift insurance sales
AIA is looking to strong sales in 2023 to put one of its worst years behind it, as Asia’s largest insurer wagered that the rush of mainland Chinese customers across Hong Kong’s reopened borders would ...
Hong Kong stocks slump on banking worries
Hong Kong stocks tanked at the open Friday morning following a rout on Wall Street fuelled by worries over the banking sector, while traders awaited ...
Asian equities fall after investors dump US bank shares
Asian equities followed the US sharply lower on Friday, after investors on Wall Street sold off stocks over concerns about the health of the US banking sector. Hong Kong’s Hang Seng index was down 2.2 ...
US bank jitters hit Asia stocks; yen drops with JGB yields after BOJ
Falling bank stocks drove Asian markets lower on Friday, while bonds rallied and expectations for U.S. interest rate rises were reduced after a surprise capital raising at a Silicon Valley startup ...
US sanctions 39 entities over alleged ‘shadow banking’ for Iran
The United States has imposed sanctions on 39 entities, including many based in the United Arab Emirates and Hong Kong, that Washington said facilitate Iran’s access to the global financial system, ...
Hong Kong Stocks Open Sharply Lower
Hong Kong stocks tanked at the open Friday morning following a rout on Wall Street fuelled by worries over the banking sector, while traders awaited the release of US jobs data later in the day.
China, Hong Kong stocks fall as recovery doubts, U.S. data curb risk appetite
China and Hong Kong stocks fell on Friday, led by automobile stocks and selected internet stocks in Hong Kong, as investors' concern about China's recovery resurfaced after weaker-than-expected data ...
Asian markets tumble as bank worries spread from Wall Street
Asian markets sank again Friday following a rout on Wall Street as signs of trouble at a regional US lender sparked concerns about the wider sector as the Federal Reserve ramps up interest rates.
U.S. targets ‘shadow banking’ network helping Iran evade sanctions
The United States on Thursday imposed sanctions on 39 entities, including many based in the United Arab Emirates and Hong Kong, that Washington said facilitate Iran's access to the global financial ...
National security law enables Hong Kong to move from chaos to stability, prosperity: youth from HK
The youth from the Hong Kong Special Administrative Region made the remarks online at the 52nd session of the UN Human Rights Council, saying the national security law has played a pivotal role in ...
US applies sanctions over Iran shadow banking, drone network
The United States on Thursday announced more sanctions against people and firms associated with Iran and with what it said was an illicit banking network used to conceal transactions.