Launch of wealth management connect scheme will see banks and finance companies from Hong Kong setting up offices in the special economic zone: Witman Hung. ( read original story ...)
Hong Kong Monetary Authority, Central Bank of UAE strengthen fintech collaboration
The Hong Kong Monetary Authority (HKMA) and the Central Bank of the United Arab Emirates (CBUAE) jointly announced the exchange of a Memorandum of Understanding (MoU) Tuesday, with a view to ... ( read original story ...)
HK IPO retail frenzy needs to be kept in check
The huge retail investor interest for some recent Hong Kong IPOs has caught the stock exchange’s attention, leading to an investigation into how retail accounts place orders. The move will offer some ... ( read original story ...)
HSBC Has a Problem of Belonging, With No Easy Fixes
Where does HSBC Holdings Plc really belong? Never satisfactorily answered, this question has swirled inside and outside the bank for nearly three decades. When the global institution moved its ... ( read original story ...)
HSBC is pushing even harder into Asia and wants to bring back its dividend
HSBC is pushing even harder into Asia as the bank seeks to shore up its business in the wake of the coronavirus pandemic and ongoing tensions between the United Kingdom and China. It's also bringing ... ( read original story ...)
HSBC Flags $6 Billion Investment in Asia After Profit Beat
HSBC Holdings Plc will shift billions of dollars of investment from developed markets to Asia’s faster growing economies as it looks to become the go-to bank for the region’s wealthy. ( read original story ...)
OPINION – Hong Kong should grasp the opportunities offered by Islamic Finance
Economic diversification is certainly a key component to reach sustainable economic development. Diversification is very important for both Hong Kong and Ma ... ( read original story ...)
HSBC ramps up Asia pivot as pandemic hammers profits
HSBC on Tuesday vowed to accelerate its Asia pivot despite spiralling tensions between China and the West after it reported a 30% plunge in profits for 2020 caused by the coronavirus pandemic. ( read original story ...)
Hong Kong stocks lead rally in Asia as traders bet to old-economy firms on reflation outlook, HSBC extends win
Hong Kong stocks are leading a rally in Asian markets as traders bet on old-economy favourites amid outlook for faster rebound in growth, and sell recent tech winners. HSBC jumps on dividend hopes. ( read original story ...)
HSBC profit down 30 percent, resumes dividend
HSBC makes 90 percent of its profit in Asia, with China and Hong Kong being the major drivers of growth. As a result, it has found itself more vulnerable than most to the crossfire caused by the ... ( read original story ...)
Hong Kong budget: more than 250,000 jobless workers to be offered 1 per cent interest loans in unprecedented measure
Unemployed Hongkongers will be offered low-interest bank loans – capped at HK$80,000 – under an unprecedented budget measure targeting more than 250,000 jobless workers, the Post has learned. Mo-po ... ( read original story ...)
Hong Kong’s Record Budget Deficit Limits Room for Stimulus
Hong Kong is heading for a record budget deficit, leaving little room for the kind of cash handouts and stimulus Financial Secretary Paul Chan doled out in 2020 during the coronavirus outbreak. Chan ... ( read original story ...)
Hong Kong Homes Ranked World’s Least Affordable for 11th Year
Hong Kong remained the world’s least affordable housing market for the 11th year, underscoring the income disparity in the financial city. ( read original story ...)
Hong Kong leader gets China’s Sinovac vaccine to bolster public confidence
Hong Kong’s leader Carrie Lam received China’s Sinovac vaccine on Monday together with top officials at a live televised event to bolster public confidence ahead of the vaccine’s rollout in the global ... ( read original story ...)