Financial Services

Government surplus hits $148.9b as of end-March

Thanks to high profits tax, stamp duties and land premiums.

Government surplus hits $148.9b as of end-March

Thanks to high profits tax, stamp duties and land premiums.

Is the end near for Hong Kong's red hot property market?

A looming prime rate hike is set to dampen housing demand.

IPO boom buoys short-lived HKD rally

Once the fund raising dies down, the HKD will plunge again and prompt HKMA intervention.

Tax revenue up 13% to $328.6b for 2017-18 amidst higher stamp duty receipts

The number of property transactions rose alongside prices.

Xiaomi debuts in Hong Kong for world's biggest IPO since 2014

Its flotation may be the biggest since Alibaba’s $25b listing.

Loans up 3.6% in Q1 amidst intensified construction activities

On a monthly basis, loans for use also inched up 1.2% in March.

Hong Kong margin loans balloon nine-fold to $26.3b in 2017

The regulator has expressed concern about the risks associated with rising bad loans.

Hong Kong banks lift time-deposit rates amidst expected rate hikes

Standard Chartered and ICBC raised time-deposit rates to more than 2%.

Blockbuster IPOs set to trigger cash crunch

A cash crunch looms as Xiaomi moves for a public debut which could push Hibor rates.

Can Hong Kong successfully lure biotech firms from Nasdaq?

Mainland companies are already mulling their flotations in the city instead of the US.

SFC slaps $1.2m fine on CN Capital Management Limited

Officers from the organisation conducted personal trades which breached conflict of interest.

Nearly 2 in 5 Hong Kongers open to sharing banking data with third parties

Almost 40% believe that open banking can provide them with better customer service.

Short-lived market rally buoys struggling dollar

Tighter liquidity concerns enabled short HKD traders to take profit in advance.

How can Ping An's billion-dollar debut change the local IPO landscape?

The online healthcare platform is paving the way for lossmaking companies who want to go public.

Chinese liberalisation set to challenge Hong Kong's financial dominance

The maturing of the Mainland’s capital markets is slowing demand for dim sum bonds.

Chinese P&C life insurers premium growth slow 16% in 2017

Non-motor premium growth hit 33%, outpacing total growth in premium at 6%.