Both the protests and the market fallout could have been worse, Deutsche Bank strategist Jim Reid said in a note to clients on Monday. “The fact that he wasn’t charged with terrorism means the news isn’t as extreme as it could have been,” he argued, noting that “such a move would have led to the…
Feb 18, 2025 Hong Kong is increasingly pivotal in the internationalisation of the yuan, bolstered by expanding liquidity and diversified applications for the currency. According to reports, the city has cemented its status as the world’s largest offshore yuan hub, offering an extensive liquidity pool, and maintaining dominant positions in both the foreign-exchange and over-the-counter…
A dozen banks have joined six major lenders in Hong Kong to provide financial support for small and medium-sized enterprises (SME), which account for 98 per cent of the enterprises in the city, to help resolve cash-flow issues. The Hong Kong Association of Banks (HKAB) said on Monday that a total of 18 banks on…
Recession fears have eased, boosting investor confidence in the stock market. Albert Edwards warns a market pullback could come without a recession, however. Rising Treasury yields and drying liquidity could hurt stocks with valuations high. Recession fears have largely dissipated since this summer, bolstering investor confidence in a roaring stock market. But Albert Edwards wants…
Hong Kong and Chinese stocks both rebounded from sell-offs after China’s central bank kicked off a US$70 billion financing facility to fund institutional buying and traders bet on more fiscal stimulus to shore up growth. The Hang Seng Index jumped 4.2 per cent to 21,508.37 at the noon break, set to snap a two-day, 11…
China’s central bank on Thursday unveiled a new swap tool to enhance the liquidity of the stock market and “promote the healthy development of the capital markets”, with an initial size of 500 billion yuan (US$70.7 billion). The new Securities, Funds and Insurance companies Swap Facility would enable qualified securities, mutual funds and insurance companies…