The U.S. has sanctioned a United Arab Emirates-based firm and several Asian companies for facilitating the illicit sale of millions of dollars’ worth of Iranian oil for shipment to East Asia. The ... ( read original story ...)
HSBC rejects Ping An break-up call, promises higher dividend
HSBC pushed back on a proposal by top shareholder Ping An Insurance Group Co of China to split the lender, a move Europe's biggest bank said would be costly, while posting profits that beat ... ( read original story ...)
Hong Kong must have a plan to end quarantine if it is to keep international financial hub status, retain talent, fund managers say
"To maintain [Hong Kong's] status as an international financial centre, we need to be true to the label and be international. The ability to travel unfettered internationally is a basic ... ( read original story ...)
Hong Kong economy shrinks amid zero-Covid crackdown and business exodus
Hong Kong has been plunged into a year of economic decline after zero-Covid restrictions and a global trade slump took their toll on the former British territory. In a further sign that some of the ... ( read original story ...)
Hong Kong’s graft-buster charges senior fire services officer with fraud for allegedly swindling bank, corporation out of HK$7.8 million
Senior station officer at Fire Services Department has been accused of making false claims for a mortgage loan. ( read original story ...)
HSBC: H-based Mortgage Rate to Touch Peak with Notably Heavier Weight Next Few Mths
HSBC HOLDINGS (00005.HK)'s Hong Kong mortgage business involves the HIBOR-based mortgage interest rate cap, according to Group Chief Financial Officer Ewen Stevenson, who expected the weight to be ... ( read original story ...)
Hong Kong’s COVID-19 advisory panel recommends vaccine for kids above six months-old – media
The Hong Kong government's COVID-19 advisory panel recommended on Monday to lower the minimum age for vaccines to six months from three years, public broadcaster RTHK reported. ( read original story ...)
Hong Kong falls into second recession in 3 years as coronavirus restrictions sting
Hong Kong’s economy has slipped into its second recession in three years as tough Covid-19 restrictions battered the Chinese territory’s reputation as an international financial centre. Official data ... ( read original story ...)
Hong Kong economy tips into technical recession
Hong Kong has tipped back into a technical recession, new government figures showed Monday, weighed down by mounting interest rates, weakened global trade and the city's continued adherence to ... ( read original story ...)
Alibaba stock slides in Hong Kong after US delisting threat
Alibaba shares fell after US regulators added the stock to a growing list of Chinese firms that might be kicked off Wall Street if US auditors can't inspect their financial statements. ( read original story ...)
Hong Kong slips into recession as economy shrinks by 1.4 per cent in second quarter
Hong Kong records a contraction in gross domestic product for a second consecutive quarter, meaning the city has fallen into an economic recession Analysts say Hong Kong's economy is likely to face ... ( read original story ...)
Country Style Cooking Refiles for Hong Kong IPO
By Claire Lim Chinese fast-food restaurant operator Country Style Cooking Restaurant Chain Holding Ltd. has updated its plans for a stock offering in ... ( read original story ...)
HSBC promises higher dividends to appease Hong Kong shareholders
HSBC has sought to defuse shareholder pressure to break up by lifting its profits forecast and promising to boost its shareholder payouts. The Asia-focused len ... ( read original story ...)
HSBC pushes back against calls to spin-off its Asian business
HSBC is headquartered in the UK but makes around two-thirds of its profits in Asia - and some big investors in that part of the world say they would do better if the bank's Asian business was separate ... ( read original story ...)