Credit Suisse will begin laying off staff at its Hong Kong investment bank this week, with about 80% of them expected to be laid off and only about 20 headcounts retained, Reuters ... Credit Suisse ...
Hong Kong developers whipsawed by 16-year high inventories, lofty interest rates and China slowdown
Hong Kong developers are set to see lower earnings than previously expected after sales slowed in the three months to June amid overall home price downtrend and interest rate upcycle.
HSBC Awards Scholarships to 277 HK Students; 17% Scholarship Winners Join Financial Industry in Recent Yrs
HSBC awarded scholarships to 277 students from 20 universities and tertiary institutions in Hong Kong at the annual HSBC Scholars Day yesterday (9th). Nearly 7,000 students have be... HSBC awarded ...
HSBC Buys Back Over 4.66M Shrs for $297M Ytd
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 4.6626 million shares in the UK and Hong Kong markets yesterday (8th), involving a total of more than HK$297 milli... HSBC HOLDINGS ...
OCBC Bank HK To Raise USD Prime Rate to 7.75% p.a. Tmr
Today (7th), OCBC Bank Hong Kong announced that it will increase its US Dollar Prime Rate from 7.5% p.a. to 7.75% p.a., effective from tomorrow (8th).
HSBC HK Expects Loan Demand to Stay Weak in 2H with Strong NII
Luanne Lim, CEO of HSBC Hong Kong under HSBC HOLDINGS (00005.HK) -0.650 (-1.096%) Short selling $365.73M; Ratio 39.144% forecast the loan demand to remain weak in the second half ...
Several UK Lawmakers Blast HSBC Executives’ Remarks on CN
HSBC HOLDINGS (00005.HK)'s head of public affairs Sherard Cowper-Coles' remarks at a private event in June that criticize the UK for acquiescing to the demand of US to stan... HSBC HOLDINGS (00005.HK) ...
China’s Troubles Rattle Global Stocks and Drag Hong Kong Into Bear Market
The Hang Seng Index has fallen more than 20 percent from its recent high, as investors grow more pessimistic about China’s post-pandemic recovery.
China trust deficit: crisis spurs shadow banking policy response calls
Zhen, Laura Matthews HONG KONG/NEW YORK (Reuters) -Chinese fears of a spillover from missed payments on some shadow banking linked trust products and worsening consumer sentiment are expected to ...
Hong Kong Finance ‘Czar’ Yam Is Frontrunner as Next HKEX Chair
Hong Kong Monetary Authority’s founding chief executive, Joseph Yam, has emerged as the leading candidate to become the next chairman of city’s stock exchange, according to people familiar with the ...
Hong Kong Stocks Are in a Bear Market, Another Sign of Trouble in China
The Hang Seng Index has fallen more than 20 percent from its recent high, as investors grow more pessimistic about China’s post-pandemic recovery.
Luxury Maternity Care Center Saint Bella Weighs Hong Kong IPO in 2024, Sources Say
Saint Bella, a Chinese maternity care company that partners with upscale hotels to provide women with luxurious spaces to recuperate in after giving birth, is considering an initial public offering in ...
Hong Kong stocks set for worst weekly sell-off since June as debt defaults, yuan slide trouble investors
Hong Kong stocks fell, adding to the biggest weekly decline in two months, amid concerns about spreading debt defaults in China’s property industry and shadow banking fallout. Investors also trimmed ...
Zhou Xiaochuan to headline the financial heavyweights at the Chinese sovereign wealth fund’s global advisory council meeting in Hong Kong on September 19
Over 600 participants are expected to join the forum, which will be held at the Ritz Carlton hotel in West Kowloon The two-day closed door forum is themed the "promotion of global industrial ...