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Month: October 2023

Posted on 31/10/2023

HSBC launches $3-B buyback, profit disappoints on rising costs

HSBC on Monday reported a fresh $3-billion share buyback and a more than doubling of third-quarter profit that nonetheless missed forecasts as spending on technology and operations grew and inflation ...

Posted on 31/10/2023

Washington state senator Jeff Wilson cleared of Hong Kong gun charge

A gun charge against Jeff Wilson, a Washington state senator, was dismissed by a Hong Kong court Monday. The charge was linked to Wilson's possession of an unlicensed firearm.

Posted on 31/10/2023

Hong Kong tourism chief says lifting health declaration unlikely to create dramatic surge in cross-border travel to mainland China

Tourism minister Kevin Yeung says mainland authorities’ decision to scrap ‘black code’ for entry is unlikely to cause a dramatic rise in Hongkongers heading north.

Posted on 31/10/2023

4 former Hong Kong student leaders jailed over their praise of a knife attack on a police officer

Four former student leaders from the University of Hong Kong have been sentenced to two years in prison for inciting people to wound others through their praise of a man who stabbed a police officer b

Posted on 31/10/2023

Jeff Wilson, Washington state senator arrested in Hong Kong for having gun in carry-on, gets charge dismissed

"I reached into my briefcase for gum and felt my gun instead. My heart sank," Washington state Sen. Jeff Wilson​ said in a statement. He called the incident an "honest mistake."

Posted on 30/10/2023

HSBC doubled its profits and is giving shareholders $3 billion in buybacks but the bank’s troubles haven’t ended just yet

London-listed HSBC's profits soared, thanks to elevated interest rates. But high costs and pains in Chinese real estate continue to put pressure on it.

Posted on 30/10/2023

HSBC takes $500 million hit on Chinese real estate and warns of risk of ‘further deterioration’

HSBC warned Monday that China’s property market has “potential for a further deterioration” as it reported profits that fell short of expectations, partly because of a $500 million charge to cover ...

Posted on 30/10/2023

Analyst discusses HSBC’s third-quarter results

Manyi Lu of DBS Bank in Hong Kong discusses HSBC's third-quarter results and the outlook for its share prices. What Your November Horoscope Has In Store For Your Zodiac Sign Can you refreeze thawed ...

Posted on 30/10/2023

Hong Kong to help finance Northern Metropolis project with land exchange scheme, but conservation plans may change

Owners can keep land earmarked for new town and build according to zoning uses, but they will be required to pay premium, development chief Bernadette Linn says Minister also stresses former plan for ...

Posted on 30/10/2023

Retail CBDC Could Add Unique Value, but Further Investigation Is Needed, Hong Kong Central Bank Says

Hong Kong’s Monetary Authority has published a report on phase 1 of its CBDC pilot. The report said an e-HKD could add unique value to the payments ecosystem, but further investigation is needed. A ...

Posted on 30/10/2023

‘I reached for gum and felt my gun’: Hong Kong court acquits US politician over airport firearms charge

A Hong Kong court has dropped charges against an American politician who turned himself in to customs authorities for bringing a gun into the city’s airport in what he called “an honest mistake”.

Posted on 30/10/2023

Hong Kong police seize ketamine worth HK$100 million in mini-storage centre raid, marking largest single haul of drug this year

Officers also arrest 30-year-old man and allegedly find 250 grams of ketamine in his possession Syndicate used plant growth agent to conceal narcotic, which was smuggled into Hong Kong from Southeast Asia,

Posted on 30/10/2023

Hong Kong’s main pro-democracy party shut out of local elections

No candidates from Hong Kong's main pro-democracy party will be allowed to contest upcoming local elections, the party said, after a new, Beijing-backed nomination process closed on Monday.Pro-democracy parties won the last district council elections in 2019 in a landslide,

Posted on 30/10/2023

Hong Kong sentences four to 2 years in prison for praising knife attack on police officer

Four former Hong Kong student leaders were sentenced to two years in prison on Monday for inciting violence after earlier pleading guilty to praising the knife attack on a police officer in 2021 as ...

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