HSBC controlling its P ...
https://inews.hket.com/article/3313669/The United States raised interest rates by 0.75% again, and the Bank of Hong Kong continued to not increase P. HSBC, the leading bank in Hong Kong, announced that it will maintain the Hong Kong dollar prime rate (P) unchanged at 5.0%. The last time HSBC adjusted the Prime Rate (P) was on November 1, 2019, when HSBC cut interest rates by 12.5 basis points.