HSBC is preparing to report $1.5 billion of annual cost savings from the changes implemented under its broad restructuring initiatives, the Financial Times reported on Thursday.
Hong Kong’s market watchdog reviews 8 brokerages amid IPO oversubscription frenzy
SFC monitoring brokerages with respect to their risk management of margin financing for new stocks, CEO Julia Leung says.
Hong Kong’s financial chief shows cautious optimism about stock market
HONG KONG -- Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, on Thursday expressed cautious optimism about the Hong Kong stock market this year and ...
HSBC plans to unveil $1.5 billion of annual cost savings on February 19
HSBC said that it plans to wind down its M&A and some equities businesses in Europe and the Americas, accelerating a shift towards Asia in its biggest retrenchment from investment banking ...
HSBC to unveil $1.5bln of annual cost savings on February 19, FT reports
HSBC has been scaling back its worldwide footprint, exiting dozens of low-returning consumer banking activities, from France to Greece to Canada in the past few years ...
How Hong Kong Can Seize the Mantle as Asia’s Crypto Hub
Which market offers the most favorable environment for virtual assets? This distinction remains highly contested, with various financial centers ...
Hong Kong to ease IPO rules for mainland Chinese firms in boost for global ambitions
Market watchdog and exchange are studying the issue and will propose changes this year, treasury chief Christopher Hui says.
The Hongkong Bank Foundation nurtures next generation at different stages of their growth journeys
Through various programmes, scholarships and mentorships, HSBC and its volunteers provide support that enables local young people to thrive.
Hong Kong’s DeepSeek-fuelled tech stocks back in bull market, ignoring interest rate fears
Hong Kong stocks rose on Thursday to refresh a four-month high, as a key gauge of Chinese technology stocks entered the bull market territory, offsetting waning bets on interest-rate cuts by the ...
New World Picks Trio for Loan to Refinance $7.5 Billion of Debt
Cash-strapped Hong Kong developer New World Development Co. has picked three banks to arrange a loan to refinance HK$58.1 billion ($7.5 billion) in bank borrowings maturing in 2025 and 2026, according ...
Hong Kong Outlines New Priorities to Advance Sustainable Finance
The Green and Sustainable Finance Cross-Agency Steering Group set out new priorities to bolster sustainable finance in Hong Kong, focusing on sustainability ...
Asian stocks on Feb 13: Hang Seng, Nikkei extends rally despite US CPI jitters
Asian stock markets mostly traded higher on Thursday as traders responded to higher-than-expected US inflation data, which fueled speculation that the Federal Reserve may keep interest rates elevated ...
HSBC cuts rates on fixed mortgages in Hong Kong amid slumping sales
Other banks may follow with similar cuts to ease financing costs and help revive home sales Hong Kong's largest banks are likely to offer new mortgages to ease the burden on homebuyers amid elevated ...
China’s Mixue seeks US$500 million in Hong Kong IPO after Guming’s share sale
Chinese bubble tea maker Mixue Group plans to raise about US$500 million from its Hong Kong initial public offering (IPO) after peer Guming Holdings completed a US$232 million upsized share sale in ...