A top executive at HSBC has apologized after reportedly calling the UK government “weak” over its dealings with China, in another sign of the political tightrope the British bank has been made to walk ...
HSBC exec slams ‘weak’ UK for siding with US against China, drawing backlash from MPs
Coles, the bank’s head of public affairs, apologised for ‘any offence caused’ by his ‘personal comments’, made at a closed door event in London.
Credit Suisse to cut 80% of Hong Kong investment bank jobs: Report
Nearly 80% of investment banking staff of Credit Suisse in Hong Kong is likely to be laid off this week, as part of the bank's integration with UBS Group, Reuters reported ...
Hong Kong stocks fall to 2-week low as slumping Chinese exports point to further slowdown in growth
Hong Kong stocks dropped for a second day, driving the benchmark gauge to a two-week low, as China’s exports slumped by the most in three years, adding to the evidence of a worsening slowdown in ...
Hong Kong tech firm, ASL, accelerates growth in fintech arena with Finastra
Automated Systems Holdings Limited (ASL) (771.HK), a leading global IT solutions and services provider, has strategically partnered with Finastra, a global provider of financial software applications ...
Fading neon signs shine again in Hong Kong exhibit
A fuchsia sign for a bridal shop, the Chinese "double happiness" character, a cool-blue flying dragon -- luminous lights of dozens of neon signs removed from the streets of Hong Kong flickered on once again at a downtown exhibit.
Letters | On research facilities, Hong Kong can work with the mainland or go solo
This helps propel scientific advances in a wide array of fields. Despite the global trend towards supercomputing, a significant gap exists between the mainland and Hong Kong in developing large-scale scientific facilities. The mainland has been proactive ...
Hong Kong property ‘price war’ imminent as Li Ka-shing’s CK Asset slashes flats to lowest seen in city in seven years
Developer cuts prices at Coast Line II in Kowloon to US$1,921 per square foot - 16 per cent below other recent launches Bid to boost buyer sentiment draws deposit cheques from more than 8,000 ...
Hong Kong warns unlicensed crypto platforms
The Hong Kong Securities and Futures Commission (SFC) issued a warning today regarding unlicensed cryptocurrency exchanges engaging in "improper practices." The regulator highlighted that conducting ...
UBS shuffles bank bosses in bid to better compete with Wall Street
UBS on Monday announced an overhaul of its investment banking division, including naming the unit's M&A chiefs, marking a key step in integrating Credit Suisse. UBS CEO Sergio Ermotti is seizing on ...
Credit Suisse Hong Kong investing banking job cuts, targeting 80%, start this week: Sources
Around 80 per cent of Hong Kong-based investment banking staff at Credit Suisse will be laid off and the cuts will start from this week, two people with knowledge of the matter said, as part of the ...
Hong Kong property ‘price war’ imminent as Li Ka-shing’s CK Asset slashes flats to lowest seen in city in 7 years
Developer cuts prices at Coast Line II in Kowloon to US$1,921 per square foot – 16 per cent below other recent launches – in a bid to boost buyer sentiment in a slumping market.
VC deal value in Asia falls in second quarter but optimism grows about pick-up in IPOs in Hong Kong and China, says KPMG report
VC deal value in Asia in the second quarter was US$20.1 billion, down from US$35.1 billion in the same period last year KPMG says increased support from local governments in China and collaboration ...
HSBC plans to attract more Asean and Middle East clients to Hong Kong as non-resident account openings double
HSBC, the biggest of Hong Kong’s currency-issuing banks, plans to leverage its network in the Asean and Middle East regions, to encourage more companies and individuals to invest in the city, the head of its Hong Kong office said. The lender, which ...