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 ...
Dow is flat Friday as investors try to shake off latest bank sector concern: Live updates
Hong Kong Monetary Authority Chief Executive Eddie Yue said Hong Kong sees "little impact" from the fallout of the global banking sector turmoil. "I would say that the recent events in the U.S. and ...
HSBC moves China markets head to become adviser to Asia Pacific co-CEOs
FILE PHOTO: A pedestrian wearing a face mask following the coronavirus disease (COVID-19) outbreak, walks past a HSBC bank branch in Hong Kong, China February 22, 2022. REUTERS/Lam Yik BENGALURU ...
Hang Seng Bank prime lending rate unchanged at 5.625%
The HKD bonus interest rate was also unchanged. Hang Seng Bank has announced that its Hong Kong dollar prime lending rate remains unchanged at 5.625% per annum (pa). According to Hang Seng bank, Hong ...
Hong Kong Makes New Rules for Specialist Tech Firm Listings, Cuts Rev Threshold
HKEX raised $7.8 billion from IPOs last year, falling to the sixth largest listing venue globally from the third place in 2021. ($1 = 7.8495 Hong Kong dollars) (Reporting by Poonam Behura in Bangalore ...
Bank of China HK’s prime, savings deposit rate unchanged
Bank of China (Hong Kong) said that its Hong Kong Dollar prime rate and savings deposit rate will remain unchanged. Savings accounts with a daily account balance of HK$1m or above will enjoy an ...
Wealth managers ramp up staff in Hong Kong to chase Chinese demand
To tap such rapidly growing demand from mainland investors, HSBC Bank launched a pilot program to keep three Hong Kong branches, including wealth management centres, open seven days a week. The Hong ...
Hong Kong stocks trim weekly advance as HSBC, Meituan, builders stumble amid contagion alert, Fed outlook
Stocks are still on course for the first back-to-back weekly advance since January as money managers reload their funds Central banks continue to guard against a banking crisis after recent failures ...
Tencent, Alibaba lead Hong Kong stock gains on earnings tonic while HSBC erases drop as banks hold rates after Fed, HKMA act
The HKMA lifted its base rate to a 15-year high, while commercial lenders like HSBC are expected to hold their prime rates, most analysts predicted Tencent's fourth-quarter earnings surpassed market ...
HKMA CEO: Global banking crisis averted, but banks and regulators must stay vigilant for more volatility
The situation has largely stabilised, but central bankers still need to watch for spillover effects, HKMA CEO says Hong Kong has 'very limited' exposure to the banks in the news, Eddie Yue Wai-man ...
HK unaffected by US, Europe banking crises: HKMA head
Hong Kong Monetary Authority chief Eddie Yue says banking sector turmoil in the United States and Europe is having very little impact on Hong Kong. The industry has been rattled by the collapse this ...
Overbought Hang Seng Called Higher On Friday
The Hang Seng Index now sits just beneath the 20,050 ... Henderson Land jumped 1.50 percent, Hong Kong & China Gas perked 0.14 percent, Industrial and Commercial Bank of China collected 1.18 percent, ...