The three-year senior unsecured fixed-rate sustainable-development bonds pay an annual coupon of 3.847 per cent, and will settle locally in Hong Kong’s Central Moneymarkets Unit (CMU), which tracks and manages Hong Kong-dollar debt securities and other financial products. The bonds attracted investors domestically and across Asia-Pacific, with the final order book reaching HK$9 billion with…
As global markets experience a mix of record highs and geopolitical uncertainties, investors are increasingly seeking stability through dividend stocks to bolster their portfolios. In this dynamic environment, selecting stocks that offer consistent dividend payouts can provide a reliable income stream and potential for growth amidst broader market fluctuations. Name Dividend Yield Dividend Rating Guaranty…
(Reuters) – Chinese regulators have asked the country’s banks to lower the rates they pay to deposits from other financial institutions to free up funds to boost the economy, Bloomberg News reported on Thursday, citing people familiar with the matter. China’s interest rate self-disciplinary mechanism, a supervisory body overseen by the central bank, said banks…
Hong Kong’s government has outlined its first guidelines on the “responsible” use of artificial intelligence (AI) during FinTech Week, as regulators strive to get ahead of the curve of a technological revolution that will almost certainly disrupt banking and financial services. Banks, brokers, asset managers and any other financial institution that want to use AI…
The medium-term lending facility — the interest for one-year loans to financial institutions — was cut from 2.3 percent to 2.0 percent, the People’s Bank of China said (ADEK BERRY) China’s central bank on Wednesday said it would slash another key interest rate, a day after it unveiled a raft of new measures aimed at…
Banks in Hong Kong are doing a better job than expected at taking full responsibility and reimbursing lost funds after fraud events related to online banking or financial apps, according to a survey by financial technology company FIS. Some 53 per cent of the respondents said their banks assumed full responsibility and reimbursed all the…
President Xi Jinping has subtly toned down China’s focus on achieving its annual economic growth goals this year, seemingly indicating the difficulties faced by the world’s second-largest economy in achieving its “around 5 per cent” gross domestic product target. “We should strive to fulfil the economic and social development goals and tasks for the whole…