The Fed’s policymakers signalled just one rate cut this year, pencilling in four reductions in 2025. That did little to douse the fervour in the stock market, as the S&P500 …
Hong Kong stocks gained, bucking the broader downtrend in the region, as investors remained confident about China’s economic recovery and the probability of a soft landing in its crisis-hit property …
“We are delighted that Hong Kong, being the first place to conduct a cross-boundary e-CNY pilot, has also become the first place outside mainland China that enables its residents to …
The HKMA follows the Fed’s rate decision in lockstep since 1983 by design under its linked exchange rate system to preserve the local currency’s peg to the US dollar. The …
Hong Kong’s biggest lender HSBC will keep its key lending and deposit rates unchanged, meaning local businesses and mortgage borrowers will have a longer wait for the cost of borrowing …
The Hong Kong Monetary Authority (HKMA) has launched a one-stop SME information platform on its website as part of its ongoing efforts to help small and medium-sized enterprises affected by …
Hong Kong’s three note-issuing banks – HSBC, Standard Chartered, and Bank of China (Hong Kong) – announced on Thursday that they will keep their lending and deposit rates unchanged after …
The scheme has garnered considerable interest, with the department receiving applications on the first day, said Alpha Lau, the director general of InvestHK, who did not reveal the exact number. …
“HSBC has been actively participating in Qianhai’s financial pilot schemes since the beginning, and we were one of the first banks to participate in yuan cross-border lending and the Wealth …
Developments like these have enticed high-net-worth individuals from the mainland to use Hong Kong as a base to manage their investments and diversify their portfolio. “I am very impressed by …