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Hong Kong, Shanghai lead markets rally after China stimulus
HONG Kong and Shanghai stocks led gains across Asia and Europe on Tuesday (Sep 24) after China unveiled fresh stimulus measures as the country’s leaders struggle to kickstart growth...
Asia: Hong Kong, Shanghai rally on China stimulus on mixed day for markets
HONG Kong and Shanghai stocks rallied on Tuesday after China unveiled fresh stimulus measures as the country’s leaders struggle to kickstart growth in the world’s number two economy.After a...
China Resources Beverage aims to launch up to US$1 billion Hong Kong IPO in October: sources
DRINKS maker China Resources Beverage is aiming to launch its Hong Kong initial public offering to raise up to US$1 billion in October, according to two sources with direct...
Hong Kong probe finds Cathay Airbus defect could cause ‘extensive’ damage
An engine defect in the Airbus A350 plane that led to the cancellation of dozens of Cathay Pacific flights in early September could have escalated into “extensive damage”, according...
HSBC cuts key rate in Hong Kong for the first time since 2019
HSBC Holdings cut its key benchmark rate in Hong Kong for the first time since 2019, a move likely to hit margins while bringing relief to homeowners and borrowers...
Hong Kong central bank cuts interest rate, tracks Fed move
THE Hong Kong Monetary Authority (HKMA) on Thursday cut its base rate charged via the overnight discount window by 50 basis points to 5.25 per cent, tracking a move...
Saudi Arabia approves first ETFs tracking Hong Kong-listed equities
SAUDI Arabia has granted approval for its first exchange-traded funds (ETFs) tracking equities listed in Hong Kong on Tuesday (Sep 17), the Capital Market Authority (CMA) said, marking the...
Hong Kong considers rules for AI use in finance
THE Hong Kong government is preparing to issue its maiden policy statement on the use of artificial intelligence (AI) in finance, according to sources familiar with the matter, a...
