HSBC is preparing to report $1.5 billion of annual cost savings from the changes implemented under its broad restructuring initiatives, the Financial Times reported on Thursday.
Sun Hung Kai, Sino Land among 4 Hong Kong developers bidding for Tung Chung plot
A total of four Hong Kong property developers submitted bids for a residential land parcel in Tung Chung, the Lands Department said on Friday, after the government revised its requirements to ...
Hong Kong’s market watchdog reviews 8 brokerages amid IPO oversubscription frenzy
SFC monitoring brokerages with respect to their risk management of margin financing for new stocks, CEO Julia Leung says.
Hong Kong’s financial chief shows cautious optimism about stock market
HONG KONG -- Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, on Thursday expressed cautious optimism about the Hong Kong stock market this year and ...
Hong Kong plans to ban substandard tiny apartments. Low-income families fear higher rents
Jimmy Au’s world shrinks to about the size of a parking space whenever she gets home. Her cramped Hong Kong home is one of four units carved out of what was once a single apartment. Most of the space ...
Move over Moo Deng! Hong Kong’s panda cubs are ready to go viral to get tourists back
Hong Kong bets on its baby pandas to boost its lackluster tourism industry and revive an economy that’s struggling to regain momentum.
DeepSeek’s disruption forces AI giants like Baidu, OpenAI to offer their chatbots for free
Chinese internet search giant Baidu will make its advanced AI chatbot services free, as competition heats up among global developers following the surging popularity of startup DeepSeek’s models.
HSBC plans to unveil $1.5 billion of annual cost savings on February 19
HSBC said that it plans to wind down its M&A and some equities businesses in Europe and the Americas, accelerating a shift towards Asia in its biggest retrenchment from investment banking ...
HSBC to unveil $1.5bln of annual cost savings on February 19, FT reports
HSBC has been scaling back its worldwide footprint, exiting dozens of low-returning consumer banking activities, from France to Greece to Canada in the past few years ...
Hong Kong plans to relieve some but not all worst housing conditions
Housing is a sensitive issue in Hong Kong, one of the world's least affordable cities, where the government controls land supply and high property costs are the norm. A new government policy targets ...
Chinese stocks in Hong Kong near October high fueled by DeepSeek optimism
The Hang Seng China Enterprises Index rose as much as 2.7%, moving closer to surpassing its October high. Tech heavyweights Xiaomi Corp, Tencent Holdings ...
China issues US$8.2 billion in bills in Hong Kong to stabilise yuan amid trade tensions
Move is the latest in a series by China’s central bank that support Hong Kong’s status as a global hub for offshore yuan business.
Hong Kong stocks head for fifth winning week on gradual tariffs, DeepSeek trade
A measured US approach to reciprocal tariffs assuages investors as DeepSeek mania continues to power tech stocks.
Why some Hong Kongers live in homes smaller than a parking space, by the numbers
Landlords in Hong Kong, a city with a notoriously high cost of housing, have found they can make more money by dividing a flat into two or more units.