The HKMA has followed the Fed’s rate decision in lockstep since 1983 by design under its linked exchange rate system to preserve the local currency peg’s to the US dollar. The HKMA has held its base rate at current level after raising it 11 times...
Many employees of Hong Kong’s biggest banks will be getting red envelopes stuffed with more money than last year as they return to work to begin the Year of the Dragon. Some will also enjoy hampers full of treats and lucky draws, while others will...
Hong Kong banks, both virtual and bricks-and-mortar, are going all out to promote e-lai see, as sending and receiving lucky money electronically is fast rivalling the traditional practice of handing out red envelopes with cash.Online-only lenders such as Mox Bank and WeLab Bank and...
Fireworks dinners, lucky draws, high deposit rates, air tickets and donations to charities are among the major incentives Hong Kong banks are dangling to attract wealthy customers and depositors ahead of the Lunar New Year.HSBC, Bank of China (Hong Kong) (BOCHK), Standard Chartered, Bank of...
Airport Authority Hong Kong’s (AAHK) HK$5 billion (US$640 million) retail bonds, the first for the general public by the city’s airport operator in 20 years, received overwhelming response from investors.The 4.5 per cent, 2.5-year bonds were oversubscribed more than three times, logging HK$15.69 billion from...
Airport Authority Hong Kong’s (AAHK’s) HK$5 billion (US$640 million) retail bonds are expected to be oversubscribed, but have not generated as much buzz as the green bonds the Hong Kong government issued in September, banks and brokers said.Bank of China (Hong Kong) (BOCHK), a co-arranger...
In fact, demand for the notes matched the popularity of the Hong Kong government’s green bonds issued in September last year, according to HSBC, Hong Kong’s biggest bank and a co-arranger of the deal.“Compared to the retail green bond issuance by the Hong Kong government...
Banks and brokers are waiving a range of fees for retail investors eyeing Airport Authority Hong Kong (AAHK)’s highly anticipated HK$5 billion (US$640 million) bond, which opens for subscription on Wednesday.HSBC, Hong Kong’s biggest bank, plans to waive eight types of charges for the airport...
“We want to issue the retail bonds to give Hong Kong residents a chance to participate in the third runway project,” Julien Lee, executive director of finance at AAHK, said at a media briefing on Friday.(From left) William Shek, managing director and head of markets...