HSBC Holdings raised its key performance target on Tuesday as its first-half profit surged more than two-fold, supported by rising interest rates around the world and the positive effects of its ...
HSBC Launches up to $2 Billion Buyback, H1 Profit Beats Consensus
HSBC raised its near-term return on tangible equity goal, a key performance target, to at least mid-teens for 2023 and 2024, from a previous target of at least 12% from 2023 onwards. It reported ...
HSBC’s second-quarter profit beats estimates as it benefited from higher interest rates, cost control
HSBC’s pre-tax profit was US$8.77 billion, ahead of US$7.96 billion expected by analysts, as it benefited from a strong interest rate environment.
HSBC’s first-half profit more than doubled to US$21.7bil
HONG KONG: Banking giant HSBC said on Tuesday that pre-tax profit more than doubled to US$21.7 billion in the first half of 2023, boosted by higher interest rates.
Barclays Reshuffles Teams as HK CEO, India Banking Head Retire
Barclays Plc is reshuffling its Hong Kong and India teams after the departures of two senior executives, according to internal memos.
Hong Kong broker allegedly lied to try to get to Forbes billionaire list
A Hong Kong insurance broker allegedly lied and faked his wealth to make it to an exclusive billionaire list.
Hong Kong stocks add to 2-month rally on bets Beijing to deliver on growth pledge while HSBC prepares to report earnings
Stocks add to gains in June and July as investors embrace Beijing’s pledge to stimulate growth. HSBC and its unit Hang Seng Bank will show today how rate increases have affected their earnings last ...
Yuan Valley: Hong Kong tech start-ups break into mainland Chinese market with help from HKU Business School’s Shenzhen campus
Hong Kong entrepreneur Terry Lam Wa-kit recalls that he had no clue how to reach out to mainland Chinese companies to tell them about a new green product from his company. The 39-year-old director and ...
French daredevil who climbed towers believed to have fallen to his death in Hong Kong
HONG KONG (AP) − A French man is believed to have fallen to his death from a high-rise residential building in Hong Kong last week, police said on Monday, with local media outlets identifying him as daredevil Remi Lucidi.
Hong Kong crypto companies face banking challenges
Hong Kong’s ambition to establish itself as a thriving crypto hub is facing hurdles as licensed crypto companies encounter difficulties in obtaining corporate bank accounts. Despite the local ...
Discovery of a whale carcass in Hong Kong sparks anger over the possible damage done by sightseers
HONG KONG -- The discovery of a whale carcass in Hong Kong waters Monday sparked an outpouring of grief on social media, with many comments blaming the mammal's death on sightseers.
HSBC’s Stock is Soaring. Here’s Why.
It is now a hot stock. On Monday, the bank's shares in Hong Kong hit a fresh four-year high. The stock has soared 34% this year, far outpacing the broader Hang Seng Index's 1.5% gain. For years the sh ...
Discovery of whale carcass in Hong Kong sparks outpouring of grief, residents blame sightseers
A whale carcass was discovered in the waters of Sai Kung, Hong Kong, on. The whale's cause of death will have to be confirmed by a necropsy.
A man known for climbing tall buildings has died from an apparent fall off of a Hong Kong skyscraper, local authorities say
Before his death, Remi Lucidi was last seen knocking on the 68th floor of Hong Kong's Tregunter Tower, a source told the South China Morning Post.