Finance and Markets
Bank of East Asia temporarily closes 8 branches as employees test COVID positive
Bank of East Asia temporarily closes 8 branches as employees test COVID positive
Infected employees caused bank branches to close until further notice.
HKEX mulls establishment of New York office
The office is expected to open as early as 2022.
Evergrande shareholder Chinese Estates offers to go private
The firm’s remaining stake is being bought at HK$1.91b.
Hong Kong’s office net absorption negative for 8th consecutive quarter
This marks the country’s longest local market down cycle in history.
Hong Kong's role as global financial centre highlighted in New York
Hong Kong has a unique role in helping US-based financial services businesses grow in China and the rest of Asia. This was emphasized by Under Secretary for Financial Services and the Treasury, Ms Julia Leung.
Monetary policy is working in Asia: HSBC
The acceleration in bank lending in Hong Kong has been especially noticeable, according to HSBC.
Hong Kong's ROE lowest at 7.9%
China and Hong Kong were the only markets where ROE fell in 2009, according to HSBC.
Risk of a double-dip recession remains remote
This is because the huge imported monetary stimulus will continue to boost mainland growth, according to HSBC.
Net FDI in Hong Kong improves
The country has historically run a large FDI flow deficit, noted HSBC.
Hong Kong: A liquidity boom underpins a credit revival
Excess liquidity and very low interest rates will likely prevail given the potential for more capital flows into Hong Kong, according to Macquarie Research.
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