Frances Gagua
HKMA buys $7.8b to defend Hong Kong dollar peg: report
HKMA buys $7.8b to defend Hong Kong dollar peg: report
Aggregate balance will rise to HK$116.6b on May 7, 2025.
Hong Kong Life unveils free consultation, medication on common ailments
It is available for its customers under its “Mannings PharmaCare” service.
ZA Bank reports HK$548m net revenue and narrows losses by 42%
Net interest income is 86% higher in 2024.
Hong Kong deposits up 0.8% in March
HKD and total deposits rose, but renminbi deposits declined.
HSBC profit after tax down 30% in Q1
The gap was reportedly due to the over $3b it got from sales in Q1 2024.
HSBC group chairman Mark Tucker announces retirement
The HSBC board has commenced the process to select a successor, it said.
Hong Kong mortgages in negative equity rose to over 40,700 in March
The three-month delinquency ratio rose slightly.
Hong Kong workers save 30% of their monthly income: poll
They do so to achieve financial flexibility, said Hang Seng Bank.
Manulife Investments unveils Manulife Stable Fund in Hong Kong
It now invests primarily in USD-denominated and settled short-term deposits.
Hong Kong rolls out new measures against fraud and mule accounts
The central bank will roll-out an updated platform for banks to exchange information.
7 in 10 Hong Kongers pick digital banks for crypto trading on convenience, regulatory concerns
They like the convenience of being able to trade directly using an existing digital bank app.
Hang Seng Index down 13% as Asian equities plunge to multi-year lows
The intensifying US-China tariff standoff on escalating recession fears, an analyst said.
Hong Kong banks report better H2 margins despite CRE risks
Margins and income improved in H2 2024 compared to H1..
Hong Kong braces for 4.58 million passengers on Ching Ming
Outbound and inbound passengers using land are expected to be high on April 4 and 6.
Bank of China Hong Kong stays resilient with buffer against CRE risks
S&P anticipates moderately slower asset growth.
Hong Kong banks have enough buffers against commercial real estate strains
But small and midsize banks are likely to experience greater strain due to their higher exposure to commercial property.
Securities industry profits up 56% to $44.4b in 2024
Income from underwriting and placing of securities more than doubled.
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