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HSBC to cut best lending rate in Hong Kong
HSBC to cut best lending rate in Hong Kong by 25 bps to 5.625%
HSBC Holdings said it was cutting its best lending rate in Hong Kong by 25 basis points to 5.625% from 5.875% effective Sept. 20. That followed a 50 basis points cut in the base rate charged through the overnight discount window of the city's de facto central bank.
HSBC cuts key rate in Hong Kong for the first time since 2019
HSBC Holdings cut its key benchmark rate in Hong Kong for the first time since 2019, a move likely to hit margins while bringing relief to homeowners and borrowers in the Asian financial hub. Read more at The Business Times.
Hong Kong banks cut prime rates by a quarter point in first drop in funds cost in 5 years
HSBC and Bank of China (Hong Kong) trimmed their prime lending rates by a quarter percentage point, leading the first rate cut among Hong Kong lenders since 2019.
Hong Kong banks trim prime rates by a quarter point, meeting Fed's aggressive cut halfway
Hong Kong's de facto central bank cut its base interest rate for the first time in four years in lockstep with the US Federal Reserve, kicking off a cycle of reductions that would help businesses and homeowners to reboot.
Hong Kong central bank cuts interest rate, tracks Fed move
The Hong Kong Monetary Authority (HKMA) on Thursday cut its base rate charged via the overnight discount window by 50 basis points to 5.25%, tracking a move by the U.S. Federal Reserve.
Hong Kong’s banks cut prime rates by a quarter point in 1st drop in funds cost in 5 years
HSBC and Bank of China (Hong Kong) trimmed their prime lending rates by a quarter percentage point, leading the first rate cut among Hong Kong lenders since 2019.
11h
HSBC hit by sixfold surge in Hong Kong property loan defaults
HSBC’s exposure to defaulted commercial property loans in Hong Kong surged almost sixfold to more than $3bn in the first half ...
2d
on MSN
HSBC share price is up 200% from 2020 lows; more upside?
The HSBC share price has soared by over 200% from its lowest point in 2020. We explain what to expect as the turnaround ...
campaignbriefasia.com
2d
HSBC teams up with M+ again in new special exhibition ‘Guo Pei: Fashioning Imagination’
The Hong Kong And Shanghai Banking Corporation Limited (HSBC) unveils their latest #OpenToArt initiative, coinciding with M+ ...
The Manila Times on MSN
23h
Garcia: HSBC case not linked to politics
CEBU CITY — Cebu Gov. Gwendolyn Garcia has refuted attempts to connect her 1996 bank loan to her current political position, ...
fintechmagazine
7h
HSBC Pioneers Quantum-Safe Tech for Tokenised Gold
HSBC partners with Quantinuum to trial quantum-safe tech for tokenised gold, enhancing security for digital assets against ...
Vietnam Investment Reviev
11d
Investors from Hong Kong explore exciting options
Hong Kong and Vietnamese businesses are increasingly deepening collaboration to unlock new investment opportunities across ...
insideHPC
3d
HSBC and Quantinuum Pilot Quantum Security for Tokenized Gold
HSBC, a British bank and financial services group, announced today that it has successfully trialled quantum-secure ...
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