Offshore RMB activities experienced a setback, however, after the People’s Bank of China changed the way it set the central parity rate in August 2015. RMB deposits in Hong Kong fell from 1.0 ...
HONG KONG, Jan 30 (Reuters ... cuts are subject to considerable uncertainty," HKMA added. The U.S. central bank held interest rates steady on Wednesday and Federal Reserve Chair Jerome Powell ...
Most Hong Kong lenders have sizeable exposures to the city’s real estate industry, but the deepening slump is unlikely to cause systemic issues for the banking sector, which is well capitalised.
Ltd.’s upcoming jumbo listing, which could raise more than $5 billion, is the type of deal that can inject a much-needed adrenaline shot into a sputtering market like Hong Kong’s. But it’s ...
Real estate private equity firm Gaw Capital and Singapore-based investor Patience Capital Group have completed the acquisition of Tokyu Plaza Ginza, a prime mall in central Tokyo, in a deal worth more ...
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 ...
Some of the city’s eight digital banks are exploring setting up physical branches after the Hong Kong Monetary Authority ... lenders’ development. WeLab Bank, ZA Bank, and Mox Bank are ...