Hong Kong has been plunged into a year of economic decline after zero-Covid restrictions and a global trade slump took their toll on the former British territory. In a further sign that some of the ... ( read original story ...)
Hong Kong’s graft-buster charges senior fire services officer with fraud for allegedly swindling bank, corporation out of HK$7.8 million
Senior station officer at Fire Services Department has been accused of making false claims for a mortgage loan. ( read original story ...)
Country Style Cooking Refiles for Hong Kong IPO
By Claire Lim Chinese fast-food restaurant operator Country Style Cooking Restaurant Chain Holding Ltd. has updated its plans for a stock offering in ... ( read original story ...)
HSBC promises higher dividends to appease Hong Kong shareholders
HSBC has sought to defuse shareholder pressure to break up by lifting its profits forecast and promising to boost its shareholder payouts. The Asia-focused len ... ( read original story ...)
HSBC pushes back against calls to spin-off its Asian business
HSBC is headquartered in the UK but makes around two-thirds of its profits in Asia - and some big investors in that part of the world say they would do better if the bank's Asian business was separate ... ( read original story ...)
HSBC Shares Jump After Profit Rise and Vow to Restore Dividends
HSBC Holdings Plc shares rose after it delivered better-than-estimated profits and pledged to return to paying quarterly dividends next year as it seeks to head off a call by its largest shareholder ... ( read original story ...)
Hong Kong shares start week with small gain
Hong Kong stocks finished Monday slightly higher after three days of losses, boosted by bargain-buying and a rally in banking giant HSBC, though ... ( read original story ...)
HSBC rebuffs Ping An call for break-up, arguing it would be costly
HSBC pushed back on a proposal by top shareholder Ping An Insurance Group Co of China to split the lender, a move Europe's biggest bank said would be costly, while posting profit that beat ... ( read original story ...)
HSBC raises key profitability goal, seeking to rebuff Ping An call for break-up
HSBC sought to woo investors on Monday with a higher profitability target and bullish dividend outlook, as Europe's biggest bank pushed back on a proposal by top shareholder Ping ... ( read original story ...)
Hang Seng Bank attributable profit drops 46% YoY to HK$4.7b in H1 2022
External factors such as the fifth wave of the pandemic affected the financial result. Hang Seng Bank posted a 46% year-on-year (YoY) decline in attributable profit to HK$4.7b due to effects brought ... ( read original story ...)
Alibaba, HSBC, China manufacturing shock push Hang Seng Index towards sub-20,000 level for first time in two months
US market regulator put Alibaba on a watch list for delisting on Friday, the highest profile Chinese company yet, over ongoing audit inspection issues Chinese manufacturing unexpectedly contracted in ... ( read original story ...)
HSBC pledges to restore dividend to pre-pandemic levels
HSBC has pledged to restore its dividend to pre-coronavirus pandemic levels as soon as possible as Europe’s biggest bank pushes back against pressure from its largest shareholder Ping An to divide its ... ( read original story ...)
HSBC Vows to Restore Dividends After Unexpected Profit Jump
HSBC Holdings Plc delivered better-than-estimated profits, vowing to restore paying quarterly dividends next year as it seeks to head off a call by its largest shareholder to split up. Most Read from ... ( read original story ...)
HSBC posts second-quarter surprise as profit jumps unexpectedly by 61 per cent on deferred tax gain, helping bank to beat estimates
HSBC reported a 16 per cent decline in its pre-tax profit in Hong Kong as the city's economy recovers more slowly than expected from the fifth wave of Covid-19 The bank's pre-tax profit rose to ... ( read original story ...)