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HSBC keeps prime rate at 5.875%, as wait for relief goes on for Hong Kong businesses, homeowners

Hong Kong’s biggest lender HSBC will keep its key lending and deposit rates unchanged, meaning local businesses and mortgage borrowers will have a longer wait for the cost of borrowing to decline. ....

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Hong Kong holds base rate at 5.75% while US Fed assures market that delayed rate cuts have not been derailed

Hong Kong kept its key interest rate unchanged for a sixth consecutive time in lockstep with the Federal Reserve’s overnight decision, with sticky US inflation forcing investors to delay rate cut bets. ....

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Hong Kong to host high-powered summit for global talent along with one-stop information shop expo

Global Talent Summit – Hong Kong will be held May 7-8 alongside CareerConnect Expo featuring almost 100 exhibitors. ....

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HKMA launches one-stop SME platform to help Hong Kong's small businesses cope with challenges

The Hong Kong Monetary Authority’s SME information platform is part of its ongoing efforts to help SMEs affected by the shift in consumer and tourist spending patterns. ....

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GBA at 5: HSBC, Bank of East Asia among Hong Kong lenders cranking up Qianhai presence with eye on growth opportunities

Qianhai’s tax incentives are among measures that have attracted major Hong Kong banks to invest in grade-A office buildings, and to develop a wide range of banking, securities and insurance businesses in the area. ....

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