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 …
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Hong Kong’s Hang Seng Bank has filed a winding-up petition against debt-laden developer Times China Holdings for financial obligations amounting US$266 million, sending share prices of the defaulted company plummeting. …
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 …
Launched in 2021, the mechanism allows residents of Hong Kong, Macau and nine cities in Guangdong province to invest directly in designated wealth management products across borders. New rules took …
Exposure to the mainland property sector, which has lurched from one crisis to another since 2021, has pushed up Hang Seng’s bad-loan ratio in recent quarters. Customers at the HSBC …
Many employees of Hong Kong’s biggest banks will be getting red envelopes stuffed with more money than last year as they return to work to begin the Year of the …
“As the pressure of inflation recedes, the real interest rate is rising and creating an environment that is too restrictive,” said Raymond Mok, assistant vice-president of investment strategy at KGI …
The first weekend of November saw sluggish sales at two Hong Kong residential projects, with a combined 303 units hitting the market, as homebuyers continued to take a wait-and-see approach …