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…