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Category: FINANCE

Posted on 05/08/2024

Hong Kong stocks slide to 3-month lows on US recession fears after Fed’s rate inaction

Hong Kong stocks fell to a three-month low ... keep the benchmark interest rate unchanged in its August policy meeting, who say that the US central bank may have been too slow in acting to stem a ...

Posted on 05/08/2024

{Block Trade}HSBC HOLDINGS (00005): 924k shares, or HK$58.4m

29/07/2024 08:45 Summary of listed companies announcements (1) 26/07/2024 08:45 Summary of listed companies announcements (1) 25/07/2024 08:45 Summary of listed companies announcements (1) 24/07/2024 ...

Posted on 05/08/2024

Standard Chartered eyes cross-border trade between Hong Kong, Asia, Middle East

The bank will continue to tap opportunities arising from strong growth in cross-border transactions in Hong Kong, Asia, the Middle East and Africa, according to its Hong Kong head.

Posted on 05/08/2024

HSBC posts $21.6b pre-tax profit in first half 2024

Banking giant HSBC said Wednesday that pre-tax profits in the first half of 2024 came in at $21.6 billion, slightly lower than last year’s record ...

Posted on 04/08/2024

Hong Kong’s Paul Chan praises ‘inspirational’ Olympians, urges firms to ‘seize moment’

Financial Secretary Paul Chan says companies can create new opportunities if they pool resources and flexibly innovate.

Posted on 04/08/2024

Hong Kong’s Wealth Comeback: Chinese Rich Return After Singapore Cracks Down on Money Laundering

Hong Kong is welcoming back its wealthy Chinese residents with open arms. After years of millionaires leaving the city, about 200 high-net-worth individuals are expected to return this year. This ...

Posted on 04/08/2024

Hong Kong reclaims 5,000 flats from well-off tenants with luxury cars, mainland properties

Housing director says number of flats reclaimed equivalent to medium-sized public estate, with construction price tag at about HK$5 billion.

Posted on 03/08/2024

Hong Kong signs agreement with People’s Bank of China to enhance Faster Payment System

The Hong Kong Monetary Authority has signed an agreement with the Chinese central bank to promote cross-border linkages for fast payment systems, including a proposed increase in the remittance cap.

Posted on 03/08/2024

HSBC plans another $3 billion stock buyback as CEO Noel Quinn prepares to leave

The London-headquartered bank beat expectations on a bumper result from its wealth-management arm as it launched another $3 billion share-buyback plan ...

Posted on 03/08/2024

HSBC offers $3 billion buyback as wealth income offsets rate cut anxiety

HSBC Holdings reported a slight decline of 0.4% in first-half profit on Wednesday but still beat analyst estimates, as its businesses benefited from higher interest rates worldwide while robust growth ...

Posted on 03/08/2024

Hong Kong regulators, banks struggle to contain damage from financial fraud

After phone calls that totalled four hours, Lee found herself poorer by HK$570,000. Lee was the victim of a phone scam. In Britain, this type Authorised Push Payment (APP) fraud will compel the bank ...

Posted on 02/08/2024

Xi’s Letter to Hong Kong Entrepreneurs Seen as Boost for City

(Bloomberg) -- President Xi Jinping called on Hong Kong entrepreneurs to boost China’s development in a letter the financial hub’s business community welcomed as a sign of encouragement. Most Read ...

Posted on 01/08/2024

Going for an IPO: which agents are publicly listed?

The PIE looks at the fortunes of student recruitment companies who have successfully floated on the stock market or are planning to do so.

Posted on 01/08/2024

Hong Kong senior officials vow to solidify city’s status as global financial hub amid opening-up efforts

With its strengths in banking, capital markets and asset management, Hong Kong provides an all-encompassing and high-quality financial platform for investors, financiers, asset managers, funds and ...

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