HSBC raised its near-term return on tangible equity goal, a key performance target, to at least mid-teens for 2023 and 2024, from a previous target of at least 12% from 2023 onwards. It reported ...
HSBC’s second-quarter profit beats estimates as it benefited from higher interest rates, cost control
HSBC’s pre-tax profit was US$8.77 billion, ahead of US$7.96 billion expected by analysts, as it benefited from a strong interest rate environment.
HSBC’s first-half profit more than doubled to US$21.7bil
HONG KONG: Banking giant HSBC said on Tuesday that pre-tax profit more than doubled to US$21.7 billion in the first half of 2023, boosted by higher interest rates.
Barclays Reshuffles Teams as HK CEO, India Banking Head Retire
Barclays Plc is reshuffling its Hong Kong and India teams after the departures of two senior executives, according to internal memos.
Hong Kong stocks add to 2-month rally on bets Beijing to deliver on growth pledge while HSBC prepares to report earnings
Stocks add to gains in June and July as investors embrace Beijing’s pledge to stimulate growth. HSBC and its unit Hang Seng Bank will show today how rate increases have affected their earnings last ...
Hong Kong crypto companies face banking challenges
Hong Kong’s ambition to establish itself as a thriving crypto hub is facing hurdles as licensed crypto companies encounter difficulties in obtaining corporate bank accounts. Despite the local ...
HSBC’s Stock is Soaring. Here’s Why.
It is now a hot stock. On Monday, the bank's shares in Hong Kong hit a fresh four-year high. The stock has soared 34% this year, far outpacing the broader Hang Seng Index's 1.5% gain. For years the sh ...
China-U.S. IPO Train Creeps Ahead With First New Listing Application
China’s securities regulator said it has received an application from Majestic Ideal Holdings for a US listing. It could end a 2-year-old pause in new US listings by Chinese companies.
HSBC-Owned Hang Seng Bank Limits Crypto Companies to ‘Simple’ Accounts: Report
The report comes as Hong Kong’s Monetary Authority (HKMA) reminds banks that there is no ban on offering crypto companies accounts.
Bank of China Hong Kong to conduct system maintenance in 6 August
Services affected include ATM transactions and the BOCHK website. Bank of China (Hong Kong) (BOCHK) is conducting system maintenance between 12:30AM (0030H) to 7AM on 6 August, Hong Kong time.
Hong Kong needs banking talent with Arabic, Islamic finance skills to woo Middle East wealth, expert says
Hong Kong will have to create a talent pool with expertise in the Middle East and Islamic finance if it wants to attract wealthy families and companies from the region to invest in the city, according ...
Executive Column: HKEX eyes RI’s biotech, digital firms for Hong Kong listing
According to HKEX CEO Nicolas Aguzin, digital start-ups, biotech companies and firms wishing to go international should look to Hong Kong for their IPOs.
Asia’s Richest Families Fuel Race for Lucrative Finance Jobs
On a sweat-laced evening in June, while much of Hong Kong dug into supper, two dozen students snaked their way past ginseng dispensaries and tailor shops to the third floor of an office tower to be ...
HKEX eyes RI’s biotech, digital firms for Hong Kong listing
According to HKEX CEO Nicolas Aguzin, digital start-ups, biotech companies and firms wishing to go international should look to Hong Kong for their IPOs.