Optimistic outlook as Hong Kong’s Q1 GDP rises by 2.7%
John Lee, the head of the Asian Financial Centre, announced unexpectedly before the formal publication of the data on Tuesday that Hong Kong’s GDP expanded by 2.7% in the...
Yuan Internationalization Boosts Hong Kong’s Financial Hub Status
Hong Kong’s stock market is accelerating efforts to introduce Chinese yuan pricing and settlement services, with 12 major companies, including high-tech giants Xiaomi and JD.com, applying to launch a...
Credit Suisse clients consider asset move post-UBS deal
According to an internal document, Credit Suisse advised staff that while its wealth assets are now operationally independent of UBS, clients may wish to think about shifting some assets...
China Renaissance shares frozen amid financial woes
The Hong Kong-listed shares of investment bank China Renaissance were put on hold on Monday after the company said it was unable to release its annual results due to...
Chinese institutions are bracing for a difficult year due to low interest rates and the property problem
The Chinese banking sector may face a difficult year ahead due to the continuous fall of interest rates and as competition for good depositors deepens. Executives cautioned against downward...
Crypto Firms Seek Banking Alternatives as US Banks Fail: Will Singapore, Switzerland, or Hong Kong Provide the Solution?
There have been stories in recent months suggesting that bitcoin companies are having trouble getting banking partners. This problem has emerged as a result of the failure of two...
Top China Fund managers favored TenCent, and Kweichow Moutai as the top picks after reopening.
As the Covid-19 restrictions were lifted and sell-offs last year made stocks more appealing, China’s largest fund manager flocked to consumer stocks. Tencent Holdings, liquor producers Wuliangye Yibin and...
World Bank issues $350 catastrophe bond in HK, first ever in the city, demonstrates city’s position as global financial hub
In This Article: The World Bank is known to have furnished $350 million in insurance-linked securities (ILS) in the format of Chile Catastrophe Bond in the Hong Kong Special...
Hong Kong Bankers Expecting Higher Pay This Year Over Singaporeans
Hong Kong and Singapore are in a tight position. A new salary report suggested that the job market in Asia will favor Hong Kong professionals over those in Singapore....
Hong Kong’s Cenbank Raises Interest Rate After Hsbc Denied To Increase Rates
On Thursday, Hong Kong Monetary Authority (HKMA) enhanced its base rate charge, the overnight discount window, by 25 basis points to 5.0%. Hong Kong’s monetary policy is moving in...
