China and Hong Kong stocks fell on Tuesday to their lowest in more than two months, as fears lingered about contagion from the Silicon Valley Bank's (SVB) collapse.
HK stocks open lower on renewed fears over US bank
Hong Kong stocks fell at the open on Tuesday as traders around the world grow worried that the collapse of a regional US lender could lead to ...
HSBC, AIA, Alibaba lead decline in Hong Kong stocks as investors digest SVB fallout, Chinese premier’s positive outlook
HSBC falls 3.5 per cent after it announced on Monday it will buy Silicon Valley Bank's UK subsidiary Positive remarks about economic growth by new Chinese Premier Li Qiang do little to spur investors ...
Hong Kong GDP Outlook Lifted on China; Singapore Sees High Costs
Hong Kong’s economy is likely to expand faster than initially thought as China’s reopening spurs activity, while rival financial hub Singapore is expected to continue contending with price pressures.
Hong Kong Hang Seng rebounds 2%
Meanwhile, buying sentiments underpinned further amid a bullish view on earnings among Chinese tech leaders, overshadowing concerns about a wider fallout among Chinese biotech companies including ...
‘SVB collapse will affect tech investment in HK’
A local economist said on Monday that the failure of Silicon Valley Bank (SVB) will not hit Hong Kong just yet, but its collapse will make it harder ...
HKMA monitoring Silicon Valley Bank fallout as Hong Kong-listed firms’ exposure reaches US$217 million
The fallout from the implosion of Silicon Valley Bank (SVB) has reached Hong Kong's shores, prompting the local monetary authority to assure depositors that the city's banking system is sufficiently ...
HSBC launches digital account opening service for foreigners
HSBC has introduced a new service that allows foreign passport holders to open a bank account in Hong Kong remotely using their mobile phone in a process that takes less than 10 minutes. The service ...
SVB collapse will have limited impact on Asia, but one analyst says it could be a warning sign
The latest measures announced by U.S. regulators, who say deposits will be protected, are seen as likely to contain the risk of contagion.
Billionaire Li’s FWD Filing HK IPO Application Again, Sources Say
FWD Group Holdings Ltd., the pan-Asian insurance company owned by Hong Kong billionaire Richard Li, is planning to file for a third time for an initial public offering in the financial hub, according ...
HSBC swoops in as white knight for Silicon Valley Bank, buys collapsed lender’s UK unit for £1
"This acquisition makes excellent strategic sense for our business in the UK," HSBC's CEO Noel Quinn said in a statement The deal, which has already been completed, excluded assets and liabilities of ...
Gross premiums of HK general insurance soar 4.5% in FY2022
The industry earned $64.6b. The Hong Kong Insurance Authority (IA) reported a 4.5% growth in the total gross premiums of the city’s general insurance business for the full fiscal year (FY2022) ended ...
After SVB failure, US acts to shore up banking system confidence
By Andrea Shalal, Howard Schneider and Pete Schroeder WASHINGTON/SINGAPORE (Reuters) - U.S. authorities launched emergency measures on Sunday to shore up confidence in the banking system after the ...
HSBC launches digital account opening service for foreign passport holders
To better support customers planning to move to Hong Kong and international citizens with banking needs in the city1, HSBC has introduced a new service for opening a Hong Kong bank account remotely on ...