Category: FINANCE

HONG KONG - Hang Seng Bank, 62% held by global bank HSBC Holdings, said on Monday that its de-risking efforts in China helped shore up the company's financial position and allowed it to hand out more cash dividends. Reporting a 7% year-on-year decrease in ... ( read original story ...)

Hang Seng Bank, a subsidiary of HSBC, recorded a 23 per cent jump in interim profit on Monday, boosting its shares. The Hong Kong lender touched a historic high of HK$170.8 during the day, before finishing up 1.3 per cent to HK$170. On the mainland ... ( read original story ...)

... Year 07/20 DJ Henderson Land Names Fung Hau Chung as CFO Effective August 1 06/15 HANG SENG BANK: Hong Kong Dollar Prime Lending Rate Remains Unchanged at 5.00% .. 06/08 DJ Hang Seng Bank Names Louisa Cheang as Vice Chairman, Chief Executive Effectiv.. ( read original story ...)

Hang Seng Bank, a unit of HSBC Holdings PLC (>> HSBC Holdings plc), said its net profit for the six months ended June 30 rose to 9.84 billion Hong Kong dollars (US$1.26 billion) from HK$8.01 billion a year earlier, while its net interest income rose 7.4% ... ( read original story ...)

HONG KONG/LONDON (Reuters) - HSBC Holdings PLC on Monday said profit grew 5 percent in the six months through June and announced its third share buyback in a year, indicating continued progress in the six-year turnaround plan of Europe's biggest bank. ( read original story ...)

HONG KONG — HSBC said Monday it plans to buy back another $2 billion in shares after reporting a strong set of quarterly profits thanks to higher interest rates that helped fatten margins for its lending business. The London-based global bank ... ( read original story ...)

HONG KONG/LONDON (Reuters) - HSBC Holdings PLC on Monday said profit rose 5 percent in the first half of the year, beating analyst estimates, and announced its third share buyback in the past year on the back of a growing capital base. Pretax profit ... ( read original story ...)

Hong Kong’s stock and futures markets opened higher on Monday as investors await what they expect to be solid results from the city’s marquee banks. HSBC and its subsidiary Hang Seng Bank are due to release their interim earnings at midday. The Hang ... ( read original story ...)

China has overtaken Hong Kong as the top initial public offering (IPO) market. The number of listings in China’s stock exchanges has surged 303 per cent, with 246 companies raising up to US$18 billion in the first half of 2017. Good news? Not ... ( read original story ...)

but a company that has changed its main shareholder and business would require a pre-prospectus IPO. That move is likely aimed at a recent trend that has caused unease among regulators and investors in Hong Kong of the rising use of cash-rich shell ... ( read original story ...)

Hong Kong shares ended lower on Friday as investors took profit ... the Bank of Canada would continue to look through that. Accordingly, we think the BoC will remain hawkish on the interest rate outlook in the very near term." Nickel prices hit a 3-1/2 ... ( read original story ...)

With the recent decision by the Hong Kong government to cut the tax rate on aircraft leasing companies, analysts and industry insiders believe the city has an opportunity to be less reliant on property and tourism when it comes to financial transactions. ( read original story ...)

Hong Kong stocks slipped on Friday as investors took profits on financials, paring this week’s strong gains, and following overnight losses in US technology stocks. But analysts expect a slew of positive company earnings reports in coming weeks to ... ( read original story ...)

HSBC is named after its founding member, The Hongkong and Shanghai Banking Corporation Limited, which was established in 1865 to finance the growing trade between Europe, India and China. The inspiration behind the founding of the bank was Thomas ... ( read original story ...)