Luanne Lim, Hong Kong CEO of HSBC, said that more than 100 countries, accounting for over 95% of the world's GDP, are currently studying the development of some form of central bank digital currency.
China’s Greater Bay Area to lead sustainable finance, meet capital demands of decarbonisation with green bonds, loans
"Hong Kong has always been an international financial centre," said Kenneth Hui, executive director (external) of the Hong Kong Monetary Authority. "It can guide more international green funds to ...
Intelligent Group Limited Seeks Expansion After U.S. IPO
Intelligent Group Limited has filed to raise growth capital in a U.S. IPO. Click here to see our take on INTJ IPO.
HSBC Boasts 5.4M Retail Customers in HK
HSBC HOLDINGS (00005.HK) continued to hold an investor & analyst Asia seminar, during which the group revealed that it currently has 5.4 million retail customers in Hong Kong a... HSBC HOLDINGS (00005 ...
HSBC Buys back Over 4.89M Shrs for $291M Ytd
HSBC HOLDINGS (00005.HK) -0.900 (-1.519%) Short selling $386.96M; Ratio 36.417% announced that it has repurchased a total of 4.8934 million shares in the U.K. and Hong Kong yesterday (16th), involving ...
HSBC Mulls Exit From 12 Countries to Focus on Asia Business
In sync with its efforts to further boost its presence across Asia, HSBC Holdings HSBC is weighing exit from at least 12 countries. In an interview with Reuters, the company’s newly appointed chief ...
HSBC Eyes High-single-digit Growth in Asia Wealth Rev. as Medium-term Goal
HSBC HOLDINGS (00005.HK) outlined several medium-term ambitions for its Asia business: high-single digit percentage Wealth revenue growth; mid-single digit percentage lending growt... HSBC HOLDINGS ...
Fitch lifts Hong Kong banking sector’s outlook to ‘improving’ from ‘neutral’, citing strengthening economic recovery
HSBC, the biggest of Hong Kong's three currency-issuing banks, posted a net profit of US$10.3 billion for the three months ended March 31, compared with US$2.8 billion a year earlier. The bank's ...
China’s Changxin Memory Appoints CICC, China Securities for Local IPO -Sources
HONG KONG (Reuters) - Chinese chip maker Changxin Memory Technologies Inc (CXMT) has appointed investment banks CICC and China Securities as sponsors for its planned domestic initial public offering ...
Cathay Pacific discrimination scandal: is it the tip of an iceberg of low morale, simmering Hong Kong-mainland tensions or just inexcusable bad behaviour?
the recovery of Hong Kong’s tourism industry would be jeopardised. As the airline struggled with a fast plummeting reputation, low staff morale because of drastic pay cuts and cumulative financial ...
HSBC debuts B2B POS financing in Hong Kong
HSBC has launched of point-of-sale (POS) financing for business-to-business (B2B) transactions, a first-to-market banking solution in Hong Kong that enables B2B sellers to offer extended terms of ...
UPDATE 1-Horizon Construction shares plummet in Hong Kong trading debut
Demand for Horizon Construction shares during the IPO’s bookbuild was weak, with retail investors taking up just 12% of the stock on offer to them, according to the company’s filings. There were 36.47 ...
China’s Horizon Construction shares set to slump 28% in Hong Kong trading debut
HONG KONG, May 25 (Reuters) - Shares of China’s Horizon Construction Development Ltd were set to slide 28% in their Hong Kong market debut on Thursday after it raised $210.2 million in its initial ...
HSBC puts global footprint under fresh scrutiny, considers dozen exits
HSBC is trying to increase income through such wealth services especially in China and Hong Kong, where economies are beginning to normalise after the lifting of COVID-19 curbs. The bank is on track ...