The impact on Asian stocks from tariffs imposed on China by US President Donald Trump will be much more limited compared with a stronger dollar due to the uncertainty over the Federal Reserve’s rate cuts, according to Hang Seng Bank. “The actual impact of Trump’s tariffs on the Chinese economy is limited,” Belle Liang, the…
Hong Kong’s monetary authority kept its key interest rate unchanged in lockstep with the US Federal Reserve, taking a breather after last year’s three cuts, in the first monetary policy decision of 2025. The Hong Kong Monetary Authority (HKMA) maintained its base rate at 4.75 per cent on Thursday, in line with market expectations. Hours…
Hong Kong and its tech-savvy residents may have fully embraced digital banking, but companies continue to offer unique and fancy red envelopes, or lai see packets, to clients as an inexpensive way to promote their brand and business. HSBC and ICBC (Asia) have taken the opportunity presented by the Year of the Snake starting on…
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…