Wall Street’s major indices pushed higher on Tuesday, a day after striking record highs on optimism over a reduction in US-China trade tensions. “Record highs yesterday for the major indices weren’t enough,” said Briefing.com analyst Patrick O’Hare. “The market is coming back for more this morning, heartened by recent earnings reports, visions of a rate…
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The stock market has been on a months-long rally but the road ahead isn’t necessarily clear. On Monday, researchers at HSBC’s global investment team said they identified a handful of downside risks that could potentially “derail” the rally in stocks since President Donald Trump’s tariffs first rocked financial markets in early April. The bank said…
Hong Kong note-issuing banks HSBC and Standard Chartered on Monday completed trades at the launch of the city’s cross-boundary bond repurchase (repo) scheme, according to the two lenders. The cross-boundary bond repo business was launched by the Hong Kong Monetary Authority (HKMA) and the People’s Bank of China, alongside other mainland authorities, as the latest…
The latest edition of Hong Kong’s largest annual LGBTQ carnival will be held online after organisers were unable to secure a venue at the West Kowloon Cultural District. In an Instagram post on Saturday, organisers of Pink Dot HK 2025 said that this year’s event would be held as an online concert, with Cantopop stars…
Hong Kong’s monetary authority will launch a Renminbi (RMB) Business Facility from next month to support banks in offering yuan loans to companies, a move that aims to promote trade finance and direct investment as the city strengthens its role as an offshore yuan hub. “The potential usage of the RMB Business Facility by participating…
Hong Kong’s monetary authority will launch a Renminbi (RMB) Business Facility from next month to support banks in offering yuan loans to companies, a move that aims to promote trade finance and direct investment as the city strengthens its role as an offshore yuan hub. “The potential usage of the RMB Business Facility by participating…
HSBC Holdings has taken the unusual step of getting directly involved in pushing its Hong Kong subsidiary, Hang Seng Bank, to offload portfolios of bad real estate debt, underscoring growing concerns over the city’s struggling property sector. About two months ago, the lender directed its London-based global chief corporate credit officer and the head of…
Hong Kong unveiled a blueprint on Thursday for its fixed income and currency markets, including measures to expand offshore yuan products and liquidity to consolidate its role as an international financial hub. The Roadmap for the Development of Fixed Income and Currency (FIC) Markets, jointly unveiled by the Securities and Futures Commission (SFC) and the…
Quantum computer-powered bond trading has performed 34% better than classical techniques in a trial conducted by HSBC and IBM. The two firms were jointly exploring how quantum computers can be used to predict how likely a bond trade would be filled at a quoted price, with the findings suggesting the technology has a real future…