CTF Services, the infrastructure development arm under Chow Tai Fook Enterprises (CTFE), owned by one of Hong Kong’s richest families, plans to issue HK$780 million (US$100 million) in convertible bonds to replenish its working capital and repay debt, it said on Thursday. The initial conversion price of HK$8.043 per share equates to a premium of…
Major SAF Purchase: HSBC Hong Kong commits to a one-time purchase of 3,400 metric tonnes of SAF from EcoCeres, reducing lifecycle carbon emissions by 11,800 metric tonnes. Decarbonization Leadership: The partnership supports Hong Kong’s aspiration as a regional SAF hub, aligning with government policies and corporate net-zero ambitions. EcoCeres Innovation: SAF derived from waste-based biomass…
Rental yields for Hong Kong residential properties have hit the highest level in more than a dozen years and are set to remain at an elevated level for two or three years, driven by robust demand from newly arrived residents and reduced mortgage costs, according to analysts. The average rental yield in the city inched…
A Hong Kong transgender woman has lodged complaints with authorities for being forced to come out at her workplace by a major bank after it informed her employer of an inconsistency in her retirement fund application and its previous records. In an interview with the Post, 26-year-old Christine Chu said she had sent the HSBC…
A Hong Kong transgender woman has lodged complaints with authorities for being forced to come out at her workplace by a major bank after it informed her employer of an inconsistency in her retirement fund application and its previous records. In an interview with the Post, 26-year-old Christine Chu said she had sent the HSBC…
China envisions Hong Kong’s capital markets as a beacon of prosperity, having lifted the city out of social chaos in June 2020. This week, Beijing backed that goal with vocal support at an investment summit attended by CEOs of global banks and money managers. Do global investors share the optimism? The question has never been…
HSBC has signed Hong Kong’s first deal for the corporate purchase of sustainable aviation fuel (SAF) to cut its travel-related carbon emissions, ahead of government policies aimed at driving the use of the fuel to help the city meet its climate goals. In a three-party agreement announced on Tuesday, the city’s largest bank agreed to…
Hong Kong banks’ unexpected prime rate cut on Friday will lower funding costs and bring more buyers into the market, with analysts expecting home prices in the city to bottom out “in the short term”. The Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, lowered its base interest rate for the second…
HSBC, the biggest commercial bank in Hong Kong, lowered its prime lending rate for a second time this year, trimming borrowing costs for consumers and businesses. Bank of China’s local unit matched the move, and other lenders are expected to follow suit. The UK banking group will trim its prime rate by 25 basis points…
Hong Kong police have issued a warning over an increasing number of scammers posing as officers and technical support staff, as the force launches a second round of a raffle to raise public awareness about fraud. Commissioner of Police Raymond Siu Chak-yee said on Thursday residents risked losing their life savings to scams in some…