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18.09.25 - 08:06
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Hong Kong and UAE forge historic financial ties with ETF cross-listings (SCMP)
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Hong Kong is boosting financial ties with the Middle East by signing initial accords with the United Arab Emirates (UAE) to enable mutual recognition of funds and cross-listings of exchange-traded funds (ETFs) on the Abu Dhabi Securities Exchange.
Hong Kong's market regulator, the Securities and Futures Commission (SFC), and the UAE's Securities and Commodities Authority signed a memorandum of understanding on Wednesday to facilitate the mutual recognition of funds.
This would allow public......
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18.09.25 - 06:48
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Fintech evolution paves the way for global banks to set up in Hong Kong: HKMA (SCMP)
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The development of fintech and the strong desire of mainland Chinese companies to go global are conducive to Chinese and international banks setting set up operations in Hong Kong, according to the head of the city's de facto central bank.
“While many international and mainland banks already use Hong Kong as a base to develop their regional business, we believe there is still enough room for growth for lenders to use Hong Kong as a platform to help their clients go global,” said Eddie Yue......
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18.09.25 - 04:24
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Hong Kong stocks slip as Fed′s priced-in rate cut fails to excite investors (SCMP)
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Hong Kong stocks wavered on Thursday, tracking Wall Street's muted finish, after the Federal Reserve signalled a conservative approach on the pace of future easing.
The Hang Seng Index slipped 0.3 per cent to 26,832.52 as of 9.45am local time, after jumping as much as 0.3 per cent. The Hang Seng Tech Index was little changed. On the mainland, the CSI 300 Index fell 0.1 per cent, while the Shanghai Composite Index added 0.1 per cent.
Apparel maker Shenzhou International Group fell 2.2 per cent to......
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18.09.25 - 01:06
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Hong Kong cuts base rate first time this year, matching US Fed′s move (SCMP)
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Hong Kong's de facto central bank cut the city's base rate for the first time this year, bringing down the cost of funding to help reboot businesses and reduce the burden on mortgage borrowers.
The Hong Kong Monetary Authority (HKMA) reduced the city's base rate by a quarter point to 4.5 per cent on Thursday, matching the US Federal Reserve's cut hours earlier to its target rate, which fell to the range of 4 per cent to 4.25 per cent during the sixth meeting of the Federal Open Market Committee......
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17.09.25 - 13:48
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Policy address: Hong Kong unveils measures to boost financial centre status (SCMP)
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The Hong Kong Monetary Authority (HKMA) is set to encourage more mainland banks to set up regional headquarters in the city, while the local bourse operator plans to enhance the listing regime, as the government aims to fortify Hong Kong's position as an international financial centre, according to Chief Executive John Lee Ka-chiu.
In his latest policy address on Wednesday, Lee said authorities would introduce more tax incentives to strengthen the family office and wealth management sectors,......
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