Financial Services

HKMA raises its base rate to 3.50%

The new rate took effect on 22 September.

Bosideng bags US$35m sustainability-linked loan from DBS Hong Kong

This marks the largest sustainability-linked loan in Asia.

A mid-life crisis: More than 1 in 2 middle-aged Hong Kongers unprepared for retirement

43% even said that they had to reduce retirement contributions since the COVID-19 pandemic.

Foreign currency reserves down to US$441.7b in July

This is over US$5m lower from the preceding month.

Hong Kong receives fewer insurance-related complaints in H1

Complaints about conduct have the most significant number.

Positive experience boosts Hong Kong’s retirement mastery index score

The city’s score went up from 4.8 to 61.1 in the Sun Life Retirement Mastery Index.

HKMA raises its base rate to 2.75%

The new rate took effect on 28 July.

DBS issues $107m (HKD210m) 3.47% notes due in 2024

The notes will be listed in the bonds market on 26 July.

Hang Seng issues $100-m green trade facility for Leo Paper

This marks the first green trade facility for Hong Kong’s paper and printing industry.

What do Hong Kongers buy after getting a loan

Over 33% use a loan to purchase property. 

HSBC pulls plug on Hong Kong-based trading startup Serai

The startup said it has been ‘difficult to build a commercially viable business’.