HSBC's CEO of Wealth and Personal Banking, Nuno Matos, is resigning to pursue other opportunities, the Asia-focused bank said on Thursday as it unveiled a significant shake-up in its leadership team ...
HSBC’s new CEO Georges Elhedery shakes up senior staff to bolster digital, wealth business
Georges Elhedery, who starts on Monday, creates a group-level information officer role and names a new CEO for global wealth and personal banking.
Hong Kong Monetary Authority Opens Its Tokenization Sandbox and Major Institutions Dive In
The Hong Kong Monetary Authority opened up its tokenization "Project Ensemble" sandbox on Wednesday. Major institutions including HSBC and Global Shipping Business Network have already begun testing ...
Chinese property firm Kaisa posts 36.3% increase in losses
But the property crisis in recent years again weakened the firm, with its total debt estimated at 234.5 billion yuan ($33.0 billion) at the end of the first half of 2024, according to a filing to the ...
China Market Update: Meituan Earnings & Jake Sullivan Meetings Lift Hong Kong Higher
Hong Kong’s most heavily traded stocks by value were Meituan ... real estate, up +1.86%, while financials fell -1.97%, energy fell -0.74%, and utilities fell -0.65%. The top sub-sectors were retailing ...
Guilty verdicts for two Hong Kong journalists charged with sedition
A Hong Kong court convicted two journalists of conspiracy to commit sedition Thursday, the first time members of the press have been found guilty of the offense since the city-state returned to ...
Hong Kong court convicts former editors of shuttered Stand News outlet of sedition
He said the city, which had historically prized itself as an Asian magnet for business and finance, appeared to have suffered a complete reversal of fortunes. "This is a Hong Kong that's fundamentally ...
‘Leave a record’: the Hong Kong news editor found guilty of sedition
"For a society like Hong Kong that is not fully democratic, a robust free speech environment is all the more important." Business-friendly Hong Kong, a former British colony, was once considered one ...
Hong Kong court convicts former Stand News editors of sedition
The two editors, Chung Pui-kuen and Patrick Lam, could be jailed for up to two years when they are sentenced on Sept. 26.
Hong Kong court convicts 1 person and acquits 6 others in landmark terrorism trial
A Hong Kong court has convicted one person and acquitted six others ... Chun-pong of conspiring to cause explosions likely to endanger life or cause significant property damage. He was acquitted of ...
BOC HONG KONG (02388.HK) Proposes to Appoint EY as New Auditor
BOC HONG KONG (02388.HK) announced that the board of directors has resolved to propose the appointment of Ernst & Young (EY) as the company's auditor for FY24, subject to the approval of the ...
HSBC reveals senior leadership change ahead of new CEO next month
Matos' upcoming departure is one of several significant changes in its leadership on the eve of Georges Elhedery starting as the group's new chief executive.
HSBC head of wealth and personal banking to leave
Nuno Matos, HSBC’s head of wealth and personal banking who had been a leading contender to become chief executive, will leave the bank in a broader management shake-up as Georges Elhedery prepares to ...
Hong Kong journalists convicted of sedition for first time since China handover
A Hong Kong court has found two editors of the now-defunct Stand ... has led to self-censorship and further repressed opposition voices, but others say it's business as usual and life remains ...