Hong Kong's June retail sales rose 19.6% from a year earlier in the seventh consecutive month of growth thanks to a tourism recovery and positive consumption sentiment and the outlook is favourable, ...
Hong Kong IPO Candidates No Longer Have to Flag China Risks
Companies from mainland China that are preparing to go public in Hong Kong are no longer required to inform investors of the risks they face back home. The city's stock exchange on Tuesday repealed a ...
HSBC rides rising rates to double its income, launches $2 billion share buyback
HSBC Holdings raised its key profitability target and announced a fresh $2 billion share buyback on Tuesday, as rising central bank interest rates worldwide helped it more than double its income for ...
HSBC lifts outlook, launches $2 billion buyback as rising rates boost income
HSBC Holdings raised its key profitability target and announced a fresh $2 billion share buyback on Tuesday, as rising central bank interest rates worldwide helped it more than double income for the ...
HSBC raises outlook as profits nearly double
In a report, the Financial Conduct Authority said the nation’s top nine financial service providers, including HSBC, Barclays and NatWest, had on average “passed through only 28% of the base rate rise ...
HSBC lifts outlook, launches $2 bln buyback as profit beats forecasts
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 planned sale of its French ...
Hong Kong homeowners slash prices as they race to sell before property values fall further
Homeowners in Hong Kong are offering steep discounts as they race to offload their properties quickly before the market falls further. In a recent case that underscores the trend, a seller in Tai Po ...
HSBC lifts outlook, launches $2 billion buyback as profit beats forecasts
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 ...