Chinese autonomous driving firm Horizon Robotics has priced its shares at HK$3.99 each, the top of its range, to raise $696 million in an initial public offering in Hong Kong, according to two sources ...
HSBC reorganises to make Hong Kong a ‘top strategic priority’ in global banking business
HSBC Holdings will reorganise its worldwide operations into four business units and two geographic areas, as one of the world’s largest banks creates a structure that makes Hong Kong – the H in HSBC – ...
HSBC to split U.K. and Hong Kong banking arms into two separate units
HSBC’s overhaul will see the bank split into four separate units under the control of two distinct Eastern and Western markets divisions, new CEO Georges Elhedery said ...
HSBC splits bank between East and West in major overhaul
HSBC has announced the appointment of its first female finance chief in the bank's 159-year history as its new boss shakes up the business. Pam Kaur has worked at the bank for more than a decade and ...
HSBC merges commercial and investment banking units, names first female CFO
HSBC Holdings said on Tuesday it would combine its commercial and investment banking operations in a major overhaul under new CEO Georges Elhedery that has also seen key senior staff depart. Seeking ...
HSBC puts wealth in the spotlight after huge restructure
HSBC Holdings is set to undergo a massive restructure into four businesses to accelerate delivery against its strategic priorities. From 1 January 2025, HSBC will operate under these arms; Hong Kong, ...
New HSBC CEO Shakes Up Structure of Europe’s Biggest Bank
HSBC unveiled a revamped structure designed to cut costs, at a time when falling interest rates are likely to eat into income at Europe's biggest bank by assets Under the [plan laid out Tuesday]( ...
Hong Kong religious group sells US$14 million in property as home market perks up
Jehovah’s Witnesses group has sold 16 units in Tseung Kwan O since July – 11 of them after banks cut interest rates in September.
HSBC’s first female CFO in 160 years: who is Pam Kaur?
HSBC appoints Pam Kaur as its first female CFO in 160 years, effective January 2025, amid a strategic restructuring aimed at boosting growth in Asia.
HSBC appoints Pam Kaur as first female CFO; announces restructuring
HSBC Holdings , named insider Pam Kaur as its first female finance chief on Tuesday, replacing Georges Elhedery who became CEO earlier this year, and announced a reorganization streamlining the bank ...
Hong Kong – Proposed Legislative Amendments To The Banking Ordinance.
Hong Kong - Proposed Legislative Amendments To The Banking Ordinance. Legal News and Analysis - Hong Kong - Banking & Finance - Conventus Law ...
HSBC splits up bank amid growing tensions between China and the West
HSBC has unveiled a sweeping overhaul of its bank separating its UK division from its Asia business amid growing geopolitical tensions between China and the West. The lender on Tuesday announced that ...
AI Chip Startup Kneron Seeks Funds at $1 Billion Valuation
Artificial intelligence chip startup Kneron Inc. is in talks to raise $300 million in its latest funding round, which could value the Taiwanese-American company at about $1 billion, according to two ...
China’s Horizon Robotics raises $696 million in biggest Hong Kong IPO of 2024, term sheet shows
Chinese autonomous driving firm Horizon Robotics has priced its shares at the top of its range to raise HK$5.4 billion ($696 million) according to a term sheet seen by Reuters, making it the biggest ...