HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 7.5334 million shares of the company yesterday (12th) in the UK and Hong Kong markets for a total of HKD443 millio... HSBC HOLDINGS ...
Bank of America cuts back on office space in Hong Kong amid impending new supply
US banking giant Bank of America plans to relinquish a big chunk of prime office space in Hong Kong as part of cost-saving measures in response to the headwinds facing the financial industry. Bank of ...
Woori Bank to discuss proactive compensation for HK-tied ELS losses
Woori Bank is expected to proactively compensate investors who have suffered financial losses from equity-linked securities (ELS) tied to the performance of the Hang Seng China Enterprises Index, ...
Hang Seng Indexes: HK Stocks Rebound Strongly from Jan’s Low; Net Southbound Inflow Recorded for 8 Consecutive Mths
Hang Seng Indexes: HK Stocks Rebound Strongly from Jan's Low; Net Southbound Inflow Recorded for 8 Consecutive Mths ...
Hong Kong stocks advance after upbeat corporate earnings but caution prevails as monetary policy moves eyed
Hong Kong stocks edged higher after corporate earnings fuelled gains in sportswear company Li Ning and telecoms giant China Unicom, although the mood was cautious after China’s central bank kept its ...
Hong Kong Faces Battle to Shore Up Its Role as Financial Hub After Security Law
Hong Kong just passed its local security law at record speed, placating Beijing and antagonizing Western governments. It now has the challenging task of bolstering the city’s position as an ...
Chinese payment provider LianLian DigiTech files US$78 million Hong Kong IPO, less than a fifth of its target a year ago
The company aims for a fifth of the US$500 million it originally sought in June 2023 The downsized listing comes as Hong Kong's stock market endures the lowest momentum for new listings since 2011 ...
How HSBC Transformed Its Customer Experience
The banking and finance sector, which has long emphasized product strategy over customer experience (CX), is facing increasing pressure from brick-and-mortar, online, and fintech competition. This ...
Futu Holds Hong Kong’s First Retail Investment Exhibition, Uniting Premier Financial Institutions and Over 5,000 Investors
Futu Holdings celebrates 5th anniversary of its IPO and reaffirms its commitment to further investment in Hong Kong Arthur Chen, Chief Financial Officer at Futu Holdings, shared during his opening ...
Bank of America Cuts Space in Hong Kong in Blow to Office Market
Bank of America Corp. is cutting some office space in its headquarters in Hong Kong’s Central district, according to people familiar with the matter, underscoring the headwinds for the city’s ...
HSBC, Hong Kong’s science park sign 3-year partnership to drive fintech development
Hong Kong's biggest bank and start-up hub aim to build 'international fintech corridor' to further city's goal of being international hub for such technology HSBC will provide financial services to ...
Hong Kong reports 8,600 average withdrawals per ATM in a month: study
About 2 in 3 of the markets studied– 41 markets out of 63– saw a rise in withdrawals. This may be due to rising cost of living and cash being seen as “the most reliably accepted payment method,” the ...
CBDCs: Hong Kong Monetary Authority (HKMA) Introduces Phase 2 of e -HKD Pilot
The Hong Kong Monetary Authority (HKMA ... An enhanced e-HKD sandbox, “leveraged on the wholesale central bank digital currency (wCBDC) sandbox to be built under Project Ensemble, will support Phase 2 ...
Hong Kong privacy watchdog probes data breach at prominent sports club involving loss of about 70,000 members’ personal information
including 324,232 Hong Kong account holders, was for sale on the dark web. In September, the city tech-hub Cyberport was blackmailed by a ransomware group that hacked its system and purportedly stole ...