China’s technology focused Star board may be just over a year old, but it already ranks among the world’s top three initial public offering venues. ( read original story ...)
Hong Kong shares end lower; HSBC drags after profit slump
Hong Kong shares closed down on Monday on weak global sentiment, with U.S. lawmakers struggling to agree to a new stimulus plan, and after a bigger-than-expected drop in profit at HSBC pulled the bank ... ( read original story ...)
Profits plunge 65% at HSBC on coronavirus and Hong Kong woes
The Asia-focused bank said its financial performance was impacted by the pandemic, market volatility and 'increased geopolitical risk.' ... ( read original story ...)
WeLab Bank Introduces its Digital Banking Platform in Hong Kong’s Competitive Fintech Sector
WeLab Bank introduces its digital banking platform in Hong Kong's highly competitive Fintech sector after completing pilot phase. ( read original story ...)
Beijing’s actions risk Hong Kong’s future as global financial center
The new security law Beijing imposed on Hong Kong and the ongoing political turmoil cast a dark shadow on the financial hub's competitiveness and attractiveness to international business. ( read original story ...)
Hang Seng Bank 1st Half Net Profit Fell 33% on Year
Hang Seng Bank Ltd. said its net profit for the first half fell 33% as Hong Kong wrestled with weaker economic activity amid the Covid-19 pandemic, trade tensions and social unrest. Net profit for the ... ( read original story ...)
HSBC first-half profit plunges 65%, warns loan losses could hit $13 billion
HSBC Holdings PLC warned of rising bad debt charges and a falling core capital ratio after posting a higher-than-expected 65% tumble in first-half pre-tax profit as the coronavirus pandemic hit the ... ( read original story ...)
HSBC first-half profit plunges more-than-expected 65% on loan provisions
HSBC Holdings PLC posted a higher-than-expected 65% tumble in first-half pre-tax profit as the coronavirus pandemic and its impact on businesses forced the Asia-focused bank to boost its loan-loss ... ( read original story ...)
HSBC profits hammered by pandemic and soaring US-China tensions
HSBC on Monday said profits for the first half of 2020 plunged by 69 percent on year as the banking giant was hammered by the coronavirus pandemic and spiralling China-US tensions. Chief executive Noe ... ( read original story ...)
HSBC provisions against bad debts could touch $13b this year
London/Hong Kong: HSBC Holdings posted a higher-than-expected 65 per cent tumble in first-half pre-tax profit as the coronavirus pandemic and its impact on businesses forced the Asia-focused bank to ... ( read original story ...)
HSBC Warns of $13 Billion in Loan Losses After Profit Miss
HSBC Holdings Plc fell short of profit estimates as Europe’s biggest lender signaled worsening loan losses weighed down by the global pandemic. The lender has faced a challenging start to the year ... ( read original story ...)
Here’s what you need to know about HSBC’s upcoming interim results
HSBC is scheduled to release its financial report for the first six months of this year at 12 p.m. HK/SIN time. ( read original story ...)
HSBC profits slump 82% as bank preps for loan losses
HONG KONG -- HSBC Holdings reported a 82% slump in second-quarter profit on Monday as it ratcheted up provisions for loan losses due to the coronavirus pandemic and warned of the fallout from mounting ... ( read original story ...)
HSBC’s profits slump 65% amid coronavirus downturn
HSBC's pre-tax profits for the first half of this year have plunged 65% as it battles the coronavirus downturn. The UK's biggest bank posted profits of $4.3bn, compared to $12.4bn for the same period ... ( read original story ...)