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Month: October 2022

Posted on 25/10/2022

China’s Giant Biogene slashes Hong Kong IPO size, valuation -sources

China's Giant Biogene Holding Co Ltd launched on Tuesday an initial public offering (IPO) in Hong Kong to raise up to $80 million, a term sheet showed, sharply lower than its original target of $500 ... ( read original story ...)

Posted on 25/10/2022

HSBC Profits Fall On French Retail Impairment Charge

In a statement to the Hong Kong stock exchange, HSBC said it was looking to offload its French retail arm "as part of our actions to simplify our operations" in Europe adding that it hoped the sale ... ( read original story ...)

Posted on 25/10/2022

HSBC Third-Quarter Profit Beat Forecasts Despite 46% Decline — Earnings Review

By Clarence Leong HSBC Holdings PLC reported third-quarter results on Tuesday. This is what we watched: NET PROFIT: The Asia-focused bank posted net ... ( read original story ...)

Posted on 25/10/2022

HSBC Holdings profit tumbles 46%, amid impairment charges, more provisions for bad loans

The Asia-focused lender on Tuesday posted $1.91 billion net profit for the three months to Sept. 30, down from $3.54 billion in the year-earlier period. ( read original story ...)

Posted on 25/10/2022

HSBC beats profit expectations on back of global rate increases

HSBC delivered higher than expected profits on the back of rising interest rates in the third quarter and announced changes to its leadership with the appointment of a new chief financial officer. The ... ( read original story ...)

Posted on 25/10/2022

Hong Kong stocks claw back gains after worst session since 2008, as markets track Wall Street’s advance

The nosedive in Chinese stocks on Monday followed the conclusion of a Communist Party congress in Beijing where leader Xi Jinping gave himself ... ( read original story ...)

Posted on 25/10/2022

Megayacht sparks warnings Hong Kong could become Russia haven

The recent visit of a Russian megayacht to Hong Kong has sparked warnings from corruption investigators that the city could become a haven for oligarchs and officials hiding from Western sanctions. ( read original story ...)

Posted on 25/10/2022

Hong Kong Sevens vs Covid-19: how tournament came back from brink to beat toughest opponent

From cancelled Sevens in 2020 and 2021 to an event proceeding under pandemic constraints, the Post recaps a testing three years. ( read original story ...)

Posted on 25/10/2022

Hang Seng Bank, QFPay HK offers faster loans to SMEs

SMEs need only share their commercial information in the Commercial Data Interchange. Hang Seng Bank has partnered with QFPay HK to offer faster financing to small and medium enterprises (SME) ... ( read original story ...)

Posted on 25/10/2022

Hong Kong markets volatile after plunging to start the week; other Asian markets rise

Hong Kong stocks were volatile and mainland China markets continued to slide Tuesday, while other major Asian markets rose. ( read original story ...)

Posted on 25/10/2022

The Hong Kong charity giving refugees and asylum seekers the chance to tell their stories – by cooking food from home

Table of Two Cities is a platform for refugees and asylum seekers to tell their story through online recipes, and by cooking dishes from home at events It's part of an initiative by Grassroots Future, ... ( read original story ...)

Posted on 25/10/2022

Hong Kong stocks plunge 6% as fears about Xi’s third term trump China GDP data

Hong Kong stocks had their worst day since the 2008 global financial crisis, just a day after Chinese leader Xi Jinping secured his iron grip on power at a major political gathering. ( read original story ...)

Posted on 25/10/2022

Hong Kong stock market plunges after President Xi Jinping’s power grab

The Hang Seng China Enterprises Index, which measures Chinese stocks listed in Hong Kong, sank 7.3 per cent. That’s the worst plunge after a Chinese Communist Party congress since 1994. Fears grew ... ( read original story ...)

Posted on 25/10/2022

The first-ever Chase Sapphire Lounge will open at Hong Kong airport on October 25, and with the right credit card you can get in for free

Hong Kong airport's Chase Sapphire Lounge by The Club will offer an upscale experience with premium amenities. It's free to enter with a Sapphire Reserve card or Priority Pass membership. ( read original story ...)

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