HONG KONG/LONDON (Reuters) - HSBC Holdings Plc (HSBA.L) posted a small increase in first-half pretax profit, as rising expenses from investments in a new growth strategy and a $765 million provision a... ( read original story ...)
Hang Seng Bank beats expectations to report 29 per cent increase in interim profit
Hang Seng Bank, a subsidiary of HSBC, Hong Kong’s largest bank, on Monday reported a better than expected increase in net profit for the first half of 2018, which rose by 29 per cent thanks to higher ... ( read original story ...)
China Urges Hong Kong Journalist Club to Cancel Activist Speech
Hong Kong’s top foreign journalists’ club has found itself at the center of a battle over Beijing’s encroachment on the city’s freedoms, as Chinese officials pressed the group to cancel a speech by an ... ( read original story ...)
Hong Kong stocks can’t escape US-China trade war’s ‘very long shadow’
Hong Kong's stock market is set to welcome a pair of big new listings this week, but the overall investor mood is likely to remain cool until the United States and China stop fighting over trade. The ... ( read original story ...)
Hong Kong home prices to face deflation trend by end of year, analysts say
According to Centaline Mortgage Broker, local banks will likely lift their prime rate in September, reflecting the first increase in 12 years. Citibank has forecast that Hong Kong new home prices coul... ( read original story ...)
HSBC first-half pretax profit rises 4.6 percent, second quarter beats estimates
HONG KONG/LONDON (Reuters) - HSBC Holdings Plc (HSBA.L) said on Monday its pretax profit rose 4.6 percent for the first half of the year, as Europe’s biggest bank showed early progress in its strategy ... ( read original story ...)
HSBC first-half pretax profit rises 4.6 pc, second-quarter beats estimates
HSBC reported a pretax profit of USD 10.7 billion in the six months through June, up from USD 10.2 billion. Hong Kong: HSBC Holdings Plc said on Monday its pretax profit rose 4.6 percent for the first ... ( read original story ...)
HK stocks higher, HSBC climbs ahead or earnings
Hong Kong shares were higher at mid day today. The Hang Seng Index was up by, 0.70 percent 193.75 points at 27,870.07. Shares in HSBC Holdings (0005) gained by 1.52 percent to HK$73.40 ahead of earnin... ( read original story ...)
HSBC reports 6 per cent jump in second-quarter profits as it launches new strategy to boost its game
HSBC is one of three lenders that issue bank notes in Hong Kong. It employs more than 228,000 people in 67 countries worldwide and its shares are widely held by retail investors in Hong Kong. HSBC spe... ( read original story ...)
HSBC first-half profit rises 4.6 percent
HONG KONG/LONDON (Reuters) - HSBC Holdings Plc (HSBA.L) said on Monday its pretax profit rose 4.6 percent for the first half of the year, as Europe’s biggest bank showed early progress in its strategy ... ( read original story ...)
Standard Chartered Bank sees virtual bank licence as ticket to new business worldwide
Standard Chartered Bank sees its decision to apply for a virtual banking licence in Hong Kong – the first traditional bank in the city to do so – as opening up new areas of growth both in the city and ... ( read original story ...)
Big IPOs can’t save Hong Kong from trade war’s ‘very long shadow’
Stefan Hofer, chief investment strategist at LGT Bank in Hong Kong, said the local market has underperformed despite the city's solid economic and fiscal policy fundamentals. The problem, he stressed, ... ( read original story ...)
Top-5 Countries to Setup Blockchain Startups
In general, Germany has a well-developed financial regulation (though not an easy one), an advanced approach in regulation towards crypto, a welcoming banking sector, and a highly developed startup ec... ( read original story ...)
Hong Kong Defies Market Slump With Biggest-Ever Summer IPO Haul
Hong Kong IPO bankers aren’t getting much of a break this summer. The city’s market for initial public offerings is in the middle of its biggest summer on record, despite a slumping benchmark stock in... ( read original story ...)