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Enoch Yiu
Chief Reporter, Business
Enoch joined the Post as a business reporter in 1996. Before that, she worked at a Chinese daily newspaper for four years. She is the author of two books: 'They Mean Business: 50 exclusive interviews with Hong Kong top executives' and 'Serving with Passion: stories of established catering brands in Hong Kong'.
Hong Kong’s biggest bank announced US$2 billion in a share buy-back programme and 87 US cents per share in dividend.
Two digital lenders, Hong Kong’s Mox Bank and Trust Bank Singapore, tied for fourth in Asia.
Hong Kong Exchanges and Clearing will host Capital Markets Forum in May.
The bank raises its 12-month targets for the MSCI China and CSI 300 indexes, implying a 16 to 19 per cent upside from current levels.
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Both lenders may announce a new round of share buy-backs, with HSBC at US$2 billion and Standard Chartered at US$1 billion, matching last year, analysts said.
Medical insurance in Hong Kong is a loss-making business even though sales have been growing over the past few years, regulator says.
Bank of East Asia, Principal Trust Company and two other providers are set to join the pension plan’s digital platform as it scales up.
Gold bought in October 2023 is worth 63 per cent more now, and some analysts expect the price to continue rising.
David Webb’s informational site will be missed by investors, brokerage industry veteran Tom Chan says.
Hong Kong is particularly appealing to wealthy families from mainland China and Southeast Asia to set up family offices, Dennis Chow says.
Companies have traditionally given staffers lai see packets on the first working day of the Lunar New Year.
HSBC and other major banks will only announce their interest-rate decisions on Monday, the first working day of the Lunar New Year.
With 1.43 million mainlanders expected during the ‘golden week’, the city’s lenders prepare a slew of enticements.
HSBC and ICBC (Asia) promote milestones using lai see envelopes, while the newly rebranded Hong Kong Gold Exchange sends out 60,000 red packets.
The price of the precious metal, which jumped 35 per cent in the Year of the Dragon, is expected to maintain its elevated trajectory.
City’s economy is likely to grow between 2.5 and 3 per cent, ANZ chief economist Raymond Yeung says.
The fund’s return fell 3 per cent in 2024 to HK$219 billion (US$28 billion) due mainly to a loss of HK$20.1 billion in the fourth quarter.
A&P Macau Patacas Money Market Fund will soon be offered to mainlanders in the Greater Bay Area.
Sterling returns during the Year of the Dragon will be hard to repeat, with US-China trade relations as an X factor, according to experts.
Many Hong Kong public bodies have seen increasing interest in multicurrency bonds to attract more international investors, UBS says.
Net interest margin narrowed to 1.5 per cent in the first nine months last year from 1.67 per cent in 2023, according to HKMA data.
Four new bond issuances worth 3.2 billion patacas (US$401 million), plus 18 secondary-market transactions, settled on first day of linkage.
Holders of the accounts can transfer funds to use in mobile payment apps while in mainland China.
The working group will do roadshows and update industry players on new policies and regulatory measures in Hong Kong, association says.
New life insurance sales in the first nine months of 2024 stood at HK$169.6 billion (US$21.8 billion), the highest since the authority set up in 2016.
Officials from Saudi Arabia, UAE, Oman and Qatar say Hong Kong can a play a major role to help diversify their economies.
To avoid reducing its appeal for wealthy families, Hong Kong will need to look at ways other than higher taxes to trim budget shortfalls, Bonds Group says.
HKMA and PBOC have been working on syncing the Faster Payment System and the mainland’s Internet Banking Payment System.
New incentives will enhance Hong Kong’s role as an offshore yuan hub as well as deepen the city’s bond market with more institutional players.
WeLab Bank, ZA Bank and Mox Bank believe face-to-face interactions would be a good addition, while Livi Bank does not see a need.
