As one of the leading financial hubs in the world, Hong Kong is moving at pace to embrace the concept of open banking. Despite COVID-19 derailing momentum—triggered by rising business continuity ... ( read original story ...)
Hong Kong banks in April recorded strongest surge in deposits in six months, as hot money chased new listings, investment opportunities in city
Hong Kong’s total bank deposits jumped 0.8 per cent in April, their most significant growth in six months, as hot money flowed into the city’s economy to capture new listings and other ... ( read original story ...)
Credit Suisse sees Hong Kong stocks, Asian credit among top bargains this year
Asian credit and Hong Kong stocks are among the best buys for investors this year, and the region is set to benefit from a falling U.S. dollar, Credit Suisse said on Tuesday. ( read original story ...)
HSBC, StanChart Defy U.K. to Endorse Hong Kong Security Law
While not as exposed to Hong Kong as HSBC, the territory is nevertheless Standard Chartered’s biggest market. StanChart Profits Of the $2.4 billion in underlying pretax profits made by the bank ... ( read original story ...)
Hong Kong Stock Market May Open Under Pressure.
Ahead of Thursday's holiday for the Dragon Boat Festival, the Hong Kong stock market had alternated between positive and negative finishes through the last five trading days since the end of the ... ( read original story ...)
Senate Backs New Sanctions Over China’s Hong Kong Policy
The Senate passed a bill Thursday that would allow the U.S. to penalize companies that assist the Chinese government in suppressing Hong Kong's independence from Beijing, following China's enactment ... ( read original story ...)
The battle to be Asia’s premier financial centre
What makes a successful financial centre? A deep capital pool, convertible currency, low tax rates, and good infrastructure all count. Yet something else is needed, too: confidence in the rule of law ... ( read original story ...)
Kung Fu Hustle’s Stephen Chow mortgages The Peak house where HSBC’s Taipan House once stood
Hong Kong’s Stephen Chow, director of Kung Fu Hustle, has mortgaged his property on The Peak for a loan from JPMorgan Chase. ( read original story ...)
Coronavirus: Hong Kong International Airport’s profits survived 9/11, Sars, and the 2008 global financial crisis, but Covid-19 is different
Hong Kong airport’s 20-year profit streak – that survived 9/11, Sars, and global financial crisis – at risk from global pandemic, with commercial travel industry gutted and revenues slashed. ( read original story ...)
Hong Kong to retain international financial hub crown for ‘years, decades’, MSCI CEO says
The demise and lowered relevance of Hong Kong has been forecast for years, but the city always reinvents itself, MSCI chief executive Henry Fernandez said. ( read original story ...)
Banks cut prices on foreclosed properties in Hong Kong as buyers turn cautious amid distress, market correction
Still, the level of delinquency in the Hong Kong banking system is negligible in respect to HK$1.46 trillion of outstanding loans to the property sector, according to data published by the Hong Kong ... ( read original story ...)
IPO ETFs Breeze Past S&P 500 in 1H: What Next?
Some of the winning IPOs of this year are business-to-business supplier of Internet gambling software-as-a-service solutions company GAN Limited (GAN) (IPO pricing up 194% since IPO on May 4), Inari ... ( read original story ...)
China’s Great Wall of Finance Shows First Signs of a Crack – in Hong Kong
A day before Beijing passed a decision paving the way for its national security law for Hong Kong, the global index provider MSCI decided to relocate its financial derivative products from Singapore ... ( read original story ...)
6 Stocks I Just Bought For My Retirement Portfolio – Hong Kong Edition
The risk/reward ratio on most US stocks keeps getting worse. As many international markets did not experience the same recovery as the US indexes did, internati ... ( read original story ...)