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Category: FINANCE

Posted on 30/10/2023

HSBC Q3 profit misses estimates, to buy back $3 bln of shares

HSBC Holdings reported a 240% increase in third-quarter pre-tax profit on Monday as higher interest rates boosted profitability, although it missed market estimates.

Posted on 30/10/2023

60 Hong Kong civil servants removed from office last financial year, almost double the average

A total of 60 Hong Kong civil servants were removed from service in the financial year of 2022-23, around double the yearly average recorded in the previous five years, the city’s civil service chief ...

Posted on 30/10/2023

Hong Kong stocks slip as HSBC, Bank of China pace losses before earnings reports, worries about credit exposure to property market

Stocks weaken before HSBC, Bank of China and BYD report their quarterly earnings this week. Caution prevailed amid concerns about credit losses in mainland China’s property sector.

Posted on 30/10/2023

Standard Chartered-backed firm Zodia Custody expands Institutional crypto services to Hong Kong

Zodia Custody, owned by British financial powerhouse Standard Chartered, has announced its entry into the Hong Kong market. This move comes as part of the company’s deliberate foray into the ...

Posted on 29/10/2023

Instead of fighting LGBTQ rights in court, Hong Kong’s gov’t has a chance to lead change – why doesn’t it?

Another day, another court ruling striking down a Hong Kong government practice of discriminating against gay people. This time an appeals court unanimously upheld a lower court decision that ...

Posted on 29/10/2023

Eight companies honoured with HSBC Business Excellence Awards

The Hong Kong and Shanghai Banking Corporation (HSBC) yesterday honoured eight business enterprises of Bangladesh for their outstanding contribution to the sustainable growth of the economy even ...

Posted on 29/10/2023

HSBC Buys back Over 5.21M Shrs for $311M Last Fri & Ytd

HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 5.2101 million shares of the company at HKD311 million last Friday (20th) and yesterday (23rd) in the UK and HK ma... HSBC HOLDINGS ...

Posted on 29/10/2023

Eight companies honoured by HSBC Business Excellence Awards

The Hong Kong and Shanghai Banking Corporation (HSBC) today honoured eight business enterprises of Bangladesh for their outstanding contribution to the sustainable growth of the economy even during ch ...

Posted on 28/10/2023

Hong Kong stocks rise by most in 4 weeks, notches weekly gain as more Chinese companies join buy-back plans

Stock buy-backs in Shenzhen by industry bellwethers CATL and Gree are lifting market confidence in Hong Kong. China Life Insurance sheds 0.7 per cent for the biggest drag on the Hang Seng.

Posted on 28/10/2023

HSBC Buys back Nearly 3.49M Shrs for $212M Ytd

HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 3.4889 million shares of the company at HKD212 million yesterday (19th) in the UK and HK markets.Among which, 2.78... HSBC HOLDINGS ...

Posted on 27/10/2023

Hong Kong’s Second Biggest IPO of Year Seals Founder’s Fortune

Another billionaire has been minted thanks to the online shopping boom that’s expanding from China to Southeast Asia.

Posted on 27/10/2023

Hong Kong government deficit ‘could exceed HK$100 billion’, Paul Chan warns as he points to flagging land sales and stamp duty

Financial secretary notes sluggish external economic environment and slower-than-expected post-pandemic recovery.

Posted on 27/10/2023

Hong Kong to launch pilot programme for data sharing with mainland China this year

Programme to focus on commonly used data, such as personal health records, banking details and business customer information Details revealed two days after city leader announced in policy address ...

Posted on 27/10/2023

Hong Kong stocks rise by most in 2 weeks, set for weekly gain as more Chinese companies join buy-back plans

EV battery maker CATL and home appliances maker Gree unveiled stock buy-backs in Shenzhen China Life Insurance tumbles 3 per cent, the biggest drag on the Hang Seng, after reporting a 99 per cent ...

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