Month: April 2020

HSBC Holdings Ltd.’s dividend suspension threatens to cost the lender some of its core investor appeal in Hong Kong. ( read original story ...)

HSBC shareholders in Hong Kong are calling for an extraordinary meeting with the bank's management and considering legal action against its decision to scrap dividend payments. HSBC and other top Brit ... ( read original story ...)

Hong Kong's markets regulator has fined two HSBC units HK$3.5 million ($451,456) for regulatory breaches. The Securities and Futures Commission (SFC) said that some of the 53 funds managed by HSBC ... ( read original story ...)

Payments to shareholders by Hong Kong companies will be better than elsewhere, dividend futures show, even if one of the city’s biggest stocks won’t be handing out cash this year. ( read original story ...)

South Korea was a standout though foreign investors sold today as the nearly $8 billion Stock Market Stabilization Fund is expected to launch this week as part of South Korea’s ongoing stimulus ... ( read original story ...)

The HSBC Holdings headquarters building in the central district of Hong Kong. HSBC’s decision to scrap dividends has created an uproar among retail investors in Hong Kong who have banded together to ... ( read original story ...)

Regulations and business opportunities in Hong Kong are very good, Secretary for Financial Services and the Treasury James Lau says No plans to change 2016 decision on domicile: HSBC HSBC and Standard ... ( read original story ...)

Rebel HSBC shareholders in Hong Kong won reinforcements on Wednesday from Hong Kong’s largest labour union who called on the government to safeguard the interests of local investors. The ranks of ... ( read original story ...)

This regional news follows HSBC Group’s recent announcement of a $25m COVID-19 charitable fund to support the international medical response, protect vulnerable people and ensure food security. At ... ( read original story ...)

Paul Chan says authorities are working to help employers and prevent as many SMEs as possible from folding He doubles down on decision to tap into reserves, while urging banks to be considerate on ... ( read original story ...)

ZA Bank, the first virtual bank in Hong Kong, has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting as its regulatory reporting software. OneSumX for Regulatory Reporting combines bank data ... ( read original story ...)

The US branch of a Japanese bank has been tricked into transferring HK$310 million (US$40 million) into five Hong Kong bank accounts – one of the city’s biggest email scams of the year. A force ... ( read original story ...)

The current sharp economic downturn triggered by the coronavirus pandemic is the worst since China's largest banks adopted new accounting standards in 2018 -- in the case of banks listed in Hong Kong ... ( read original story ...)