HSBC Cuts Hong Kong Prime Rate for First Time in 11 Years

HSBC Cuts Hong Kong Prime Rate for First Time in 11 Years 3(Bloomberg) — HSBC Holdings Plc lowered its Hong Kong prime lending rate for the first time in 11 years, underscoring the financial challenges facing the financial hub. The London-based bank cut its very best lending rate by 12.5 basis points to 5 percent in Hong Kong. The town’s government is set to launch data Thursday that is anticipated to reveal the…
News story posted on 2019-10-31T04:09:00.0000000Z