prime lending rates – Charm

Hong Kong banks cut lending rates even as HKMA warns of volatility ahead

Cs news6 months ago011 mins

Hong Kong’s six biggest lenders lowered their prime lending rates for a third time this year, trimming borrowing costs to the lowest level in more than two years. HSBC and subsidiary Hang Seng Bank said they would trim their prime rate by 12.5 basis points to 5.25 per cent from Friday, the lowest since August…

Paul Chan vows to champion Hong Kong market, diversify funding sources after US rate cut

Cs news9 months ago02 mins

Hong Kong’s finance chief has vowed to intensify efforts to promote the city and diversify its sources of funding, as the business environment benefited from the lowered US interest rate and improvements in the local stock market. Financial Secretary Paul Chan Mo-po also said on Sunday that Hong Kong’s speed and the extent of its…