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Posted on 22/10/2024

HSBC streamlines business units into four, names new CFO

LONDON : HSBC Holdings Plc said it would merge two of its largest businesses, outside the UK and Hong Kong, and restructure regionally as CEO Georges Elhedery looks to rein in costs against a backdrop ...

Posted on 22/10/2024

HSBC names insider Pam Kaur as first female CFO – report

HSBC ( NYSE: HSBC) appointed Pam Kaur as its first female Chief Financial Officer, replacing Georges Elhedery, who was promoted to CEO earlier. Kaur, 60, currently is the chief risk and compliance ...

Posted on 22/10/2024

HSBC Holdings Boosts Shareholder Value with Buy-Back

HSBC Holdings (GB:HSBA) has released an update. HSBC Holdings has repurchased over 2.9 billion US dollars worth of its own shares as part of a ...

Posted on 22/10/2024

Hong Kong’s Paul Chan touts use of retail bonds to fund public works in Apec speech

Hong Kong’s finance chief has shared how the city used retail bond issuances to fund infrastructure projects as he began a visit to Peru for an Asia-Pacific Economic Cooperation (Apec) meeting. At a ...

Posted on 22/10/2024

Monkeys killed by soil infection at Hong Kong zoo, officials say

Melioidosis, a bacterial infection, was responsible for killing at least nine monkeys at a Hong Kong zoo, authorities said, as a further two died over the weekend, taking the total to 11 in the past ...

Posted on 22/10/2024

Hang Seng preferred banking is guiding Hong Kong’s youth to maximize every dollar

Hang Seng Bank (Hang Seng) has launched the "Plan Smart For Every Dollar!" campaign to connect with Hong Kong's younger generation and offers a wide range of services, including accessible investment ...

Posted on 22/10/2024

Hong Kong property market sees price increases as confidence returns, sales surge

Chinachem Group, the developer of Echo House, has raised the price of the second batch of 50 flats by about 4 per cent amid a surge in interest.

Posted on 22/10/2024

Hong Kong’s courts are independent, gov’t says after ex-top court judge says judiciary ‘too partial’ to authorities

Hong Kong’s courts are independent and proceedings are conducted in accordance with the evidence presented, the government has said after a former top court judge said the Judiciary was “too partial” ...

Posted on 22/10/2024

Commentary: Were warnings of Hong Kong’s demise as a financial hub exaggerated?

Hong Kong and Singapore play different but complementary roles as Asia’s top financial hubs, says Penta Group’s David Cook.

Posted on 22/10/2024

Hong Kong help sought to create financial hub

Thailand is seeking a partnership with Hong Kong to collaborate in the development of a financial hub that will serve as a gateway to Asean markets.

Posted on 22/10/2024

CITIC to Sell Stake in McDonald’s China, Hong Kong Business for $430.3 Million

(Reuters) - China's state-owned CITIC Ltd has agreed to sell its 19.23% stake in Fast Food Holdings, the company behind McDonald's China and Hong Kong operations, to Trustar Fast Food Holdings for ...

Posted on 22/10/2024

Bank of Singapore nabs BOCHK banker as market head for GC Hong Kong

Chi brings over 20 years of experience into her new role. Canis Chi has joined Bank of Singapore (BOS) as market head of Greater China, Hong Kong. Chi will be based in Hong Kong and reports to Rickie ...

Posted on 22/10/2024

Hong Kong holds off sweeping privacy law revamp over concerns of impact on businesses

Privacy watchdog says stakeholders feel stiffer penalties over data breaches ‘should be done carefully amid lukewarm economic climate’.

Posted on 22/10/2024

China’s Economic Moves Fail to Impress Big Stocks as Alibaba, NIO Fall. Here’s Why.

China’s central bank cut two key interest rates on Sunday, which was enough to help the Shanghai Composite Index to an incremental increase on Monday. Hong Kong’s Hang Seng index, on the other hand, ...

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