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 ...
Hong Kong Banks Tap Most Funds Since 2019 as Stock Demand Soars
Hong Kong banks borrowed the largest amount of short-term cash in more than five years on Tuesday, as they sought to keep up with a booming demand for local equities.Most Read from BloombergWhy Barcel ...
Tokenisation a ‘defining trend’ for Web3 in Hong Kong as city hosts major Consensus event
Tokenisation will be 'profoundly transformative', Secretary for Financial Services Christopher Hui said, as companies pile into the burgeoning business Hong Kong is intensifying its focus on ...
Hong Kong Has 110 Active IPO Applications. Which Firms Have the Largest Market Share?
Capital markets lawyers hope the city's IPO market is rebounding, but some Big Law players have been squeezed out of the Hong Kong IPO pie.
Chinese Investors Buy Most Hong Kong Stocks in Four Years
Chinese mainland investors bought HK$22.4 billion ($2.88 billion) worth of Hong Kong stocks on Tuesday, as they continued to drive a DeepSeek-spurred tech rally in the city.