The Hong Kong Interbank Offered Rate (HIBOR) has generally decreased, with the overnight rate falling significantly by 65 basis points to 3.82345%.

13:52 12/11/2024

On November 12, the Hong Kong dollar interbank interest rates generally trended lower, with the overnight rate falling significantly from its high this month by 65 basis points to 3.82345%.

On November 12th, the Hong Kong dollar interbank rates generally trended lower. Overnight interbank rates fell sharply by 65 basis points to 3.82345%, ending a three-day rise in the one-month interbank rates related to mortgage loans, which also slightly dropped to 4.13131%. The three-month interbank rates, reflecting the cost of bank funds, rose for four consecutive days, reaching 4.30994%, the highest since October 28th. The six-month and one-year interbank rates fell to 4.18435% and 4.08821% respectively.

The new framework of the Federal Reserve "eases restrictions" on Wall Street, significantly loosening capital requirements for large banks.

The first company relocation application in Hong Kong has been approved, and CNPC International Investment (Hong Kong) subsidiary has received the relocation certificate.

Hong Kong Commerce and Industry Bureau: As of the end of September, the total number of local companies and non-Hong Kong companies registered under the Companies Ordinance has reached a record high.

The new framework of the Federal Reserve "eases restrictions" on Wall Street, significantly loosening capital requirements for large banks.

The first company relocation application in Hong Kong has been approved, and CNPC International Investment (Hong Kong) subsidiary has received the relocation certificate.

Hong Kong Commerce and Industry Bureau: As of the end of September, the total number of local companies and non-Hong Kong companies registered under the Companies Ordinance has reached a record high.