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Category: FINANCE

Posted on 07/08/2023

HSBC executive apologises for saying Britain ‘weak’ for bowing to US demands

It also follows a dispute between HSBC and its biggest shareholder, Ping An Asset Management, over calls to split the company in two and have a Hong Kong-listed Asia spin-off. HSBC pushed back on the ...

Posted on 07/08/2023

Shares of China’s second largest chip foundry Hua Hong jump 13% in Shanghai debut

Shares of Chinese chipmaker Hua Hong jumped 13% at the open during its debut on Shanghai Stock Exchange's Nasdaq-style Star Market on Monday.

Posted on 07/08/2023

HSBC executive apologises for calling UK ‘weak’ on China

A senior HSBC executive has been forced to apologise after accusing Britain of being “weak” for complying with US demands to cut back dealings with China.

Posted on 07/08/2023

HSBC’s top lobbyist apologises for slamming UK’s tougher stance on China

A senior HSBC exec has apologised after accusing the UK of being 'weak' by responding to American pressure to toughen its stance on China.

Posted on 07/08/2023

HSBC executive sorry for saying UK ‘weak’ over China

More than 80% of HSBC's profits are generated from outside the UK, with more than half of that coming from mainland China and Hong Kong. It means that the global banking giant has to walk a fine ...

Posted on 07/08/2023

U.S. IPO Weekly Recap: SharkNinja Completes Listing As Wave Of Small IPOs Continues

There were five pricings this past week, four of which are included in our IPO stats. Three issuers submitted initial filings.

Posted on 07/08/2023

HSBC launches $2bn buyback as profit beats forecasts

HONG KONG: HSBC Holdings raised its key performance target on Tuesday as its first-half profit surged more than two-fold, supported by rising interest rates around the world and the planned sale of ...

Posted on 07/08/2023

HSBC executive slams ‘weak’ UK for siding with US against China

The head of public affairs said the UK would often bow to the demands of Washington and shouldn’t blindly follow the US.

Posted on 07/08/2023

Hong Kong stocks waver as traders reassess impact of China’s stimulus measures to spur growth

Hong Kong stocks fluctuated between gains and losses as investors ... A joint briefing by government agencies, including the central bank and the finance ministry on Friday, failed to deliver any ...

Posted on 06/08/2023

Hong Kong waives some rules for ultra wealthy investors in boost to city’s wealth management hub status

"Hong Kong had one of the toughest restrictions before the change ... which became almost worthless when the US investment bank collapsed in September 2008. More than 30,000 investors complained to ...

Posted on 06/08/2023

Will Hong Kong Become a Crypto Hub?

The Hong Kong government has made their desire to turn Hong Kong into a crypto hub well-known, with tacit support from Beijing.

Posted on 05/08/2023

Hutchison Ports & HSBC Sign MOU to Develop HK-Indonesia Maritime Trade

The Hongkong and Shanghai Banking Corporation Limited, through HSBC Hong Kong, signed a Memorandum of Understanding (MOU) with PT Hutchison Ports Indonesia to jointly promote marit... The Hongkong and ...

Posted on 05/08/2023

Hong Kong can help bridge the world’s climate funding gap

Readers discuss Hong Kong's role in transforming global finance, whale watchers and the government's response to the whale sighting Feel strongly about these letters, or any other aspects of the news?

Posted on 04/08/2023

Hong Kong stocks firm after Beijing pledges private sector support, Goldman sees China rally

Hong Kong stocks post gains after China’s central bank pledged more support for the private sector while Goldman Sach’s upbeat assessment also lifted sentiment.

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