Britain’s largest bank HSBC has bowed to pressure from a group of shareholders in Hong Kong and will table a vote on a proposal to revamp the business, including carving out its Asia arm. First ...
Hong Kong’s former finance chief John Tsang slams universities’ ChatGPT ban, saying if they can use calculators, they can use AI
John Tsang, says AI tools should be included in curriculum and students should be taught skills that cannot be replaced by machines 'The current education situation in Hong Kong is teachers of the ...
Investors force HSBC shareholder vote on structural overhaul
Minority shareholder Ken Lui leads campaign seeking to split bank’s Asian and western businesses Hong Kong investors have forced HSBC into a shareholder vote on its structure and strategy, including a ...
HSBC Urges Shareholders to Vote Against Push to Rejig Structure
HSBC Holdings Plc has told investors to vote against a proposal by an activist shareholder in Hong Kong to overhaul the company’s structure and spin off its Asian business. Ken Lui, who leads a group ...
More movers, shakers from global family powerhouses eyeing Hong Kong to set up offices, finance chief reveals after high-level summit
Paul Chan says high-net-worth individuals impressed by city's economic recovery, vitality and charm, especially on art transactions front Remarks follow earlier Post remark on Thailand's Chearavanont ...
Hong Kong police keep tight tabs on first authorized protest in years
Several dozen demonstrators were required to wear numbered lanyards and were barred from wearing masks, as police monitored their march against a proposed land reclamation and rubbish processing ...
Hong Kong’s office glut to come under further pressure from Credit Suisse-UBS merger
With thousands of jobs at risk from Credit Suisse-UBS tie-up and more on the line across the wider financial sector, the outlook for Hong Kong's office sector looks bleak The vacancy rate at Hong Kong ...
Hong Kong police keep tight tabs on first authorised protest in years
Hong Kong’s mini-constitution, the Basic Law ... the law as a tool of repression but Chinese authorities say it has restored stability to the financial hub. One protester surnamed Chiu, 50, said she ...
HSBC shareholders force vote on breakup
HSBC has been forced to give its shareholders a vote on a proposal by Hong Kong investors to require the bank to conduct a strategic overhaul, including a spin-off of the Asian business. The vote was ...
Hong Kong’s office glut to come under further pressure from Credit Suisse-UBS merger, analysts say
Big banks such as JPMorgan Chase, Bank of America and Citigroup have reportedly reduced staff in Asia including Hong Kong. And UBS's US$3.2 billion rescue of smaller Swiss banking rival Credit Suisse ...
Former Hong Kong leader CY Leung urges city to heed country’s call to keep up with digital economy developments
Former chief executive invites stakeholders to attend China's digital summit next month Innovation and technology sector must play their part in 'aligning Hong Kong with the national digital economy ...
Bank collapses are just the start of the world’s financial woes – indebted businesses will be next
These bank runs will be followed by an epidemic of corporate bankruptcies ... in the Association of Southeast Asian Nation members as well as China (including Hong Kong), Japan and South Korea since ...
HSBC tells investors to reject proposals by unhappy minority shareholders on dividends, restructuring
"A meaningful restructuring or spin-off of our Asia businesses would present material complexity, have high execution risks, take many years, and be very costly," HSBC said in a Hong Kong stock ...
HK’s status as global financial hub enhanced amid Western banking woes, ‘reaffirming confidence in city under One Country, Two Systems’
Facing the current turbulence of the external market environment, from the collapse of Silicon Valley Bank to the crisis at Credit Suisse, Hong Kong's financial industry has shown its unique ...