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HSBC to cut savings rate
The cut is for yuan deposits without tenure.
From 0.45% for account balances of 5,000 yuan and above, the new savings rate will be 0.25%, according to a report on Reuters.
View the report here.
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2024 Policy Address: Hong Kong to eradicate subdivided flats under 8 square meters
Owners must convert substandard SDUs to basic housing units.
Foreign trade outlook dims amidst economic and geopolitical concerns: report
Hang Seng Bank forecasts a 2.8% market expansion for 2024.
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Zhongxin Fruit and Juice records $4m net profit in HY2025
However, the gross profit margin decreased to 16.3% from 18.4%.
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Hong Kong hospitals, banks embrace relaxed data transfer rules
Whilst not mandatory, they could simplify data exchange with cities in South China.
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