Hong Kong’s biggest bank announced US$2 billion in a share buy-back programme and 87 US cents per share in dividend.
HSBC sees $1.8 billion in revamp related costs as new CEO looks to boost returns
HSBC expects to incur $1.8 billion in expenses by the end of next year related to an overhaul initiated by its new CEO to cut long-term costs and boost profits while navigating diverging interest rate ...
Henderson offers 63 flats in Eight Southpark at discount amid warming Hong Kong market
The developer is offering the first batch of flats in the Kowloon City project at an average price of HK$17,388 per square foot.
Hong Kong expands virtual asset push with new licensing, trading options
Hong Kong is expanding the ways investors can trade virtual assets, its financial regulator said on Wednesday, as the city races to become Asia's digital assets hub and attract capital. The Securities ...
Hong Kong’s Hang Seng Bank names new chairman
Hong Kong-based Hang Seng Bank said on Wednesday Edward Cheng, chief of Wing Tai Properties, will succeed Irene Lee as the chairman of the board. Cheng is currently also the deputy chairman at Wing ...
HSBC to redeploy US$1.5 bln to Hong Kong, Asia from ‘low-return’ markets as CEO cuts costs
Hong Kong’s biggest bank announced US$2 billion in a share buy-back programme and 87 US cents per share in dividend.
Hang Seng Bank Delivers Strong Business Performance with Sustained Growth Momentum
Hang Seng Bank today is pleased to report its strong full-year financial results for 2024, showing sustained growth momentum.
HSBC’s Hang Seng Bank Posts Surge in HK Property Impairments
Hang Seng Bank Ltd., a Hong Kong lender controlled by HSBC Holdings Plc, recorded a surge in credit impairment on commercial real estate as the city’s economic struggles are starting to spill over on ...
Hong Kong’s population up slightly in 2024, rise in newborns
Hong Kong's population inched up 0.1% in 2024 to more than 7.53 million, its third consecutive year of expansion, as the Asian financial hub saw an increase in the number of newborns and a rise in the ...
Hang Seng enhances dementia-friendly services in branches
Each of its branches now has a trained dementia-friendly ambassador. Hang Seng Bank has enhanced its dementia-friendly services. All of its street-level branches now have a trained “dementia-friendly ...
Hong Kong remains an ‘open and vibrant market’ for crypto, says financial secretary
Hong Kong financial secretary Paul Chan Mo-po said the region will remain a “stable, open and vibrant market” for crypto.
Hong Kong eyes crypto derivatives, margin lending in digital asset push
Hong Kong is considering approving new cryptocurrency and virtual assets products as derivatives and margin lending for certain investors in those products, according to the city's financial regulator ...
Hong Kong issues nine digital asset platform licences, plans more approvals
The city vies with Singapore and Dubai to become global hubs for digital assets. Read more at straitstimes.com.
Hong Kong issues nine digital asset platform licenses, plans more approvals
Hong Kong's financial secretary Paul Chan on Wednesday said the city's regulators have issued nine digital asset platform licences, adding that more approvals are in the pipeline. The government is ...