Syndicate used stolen credit card details to buy goods online that were then sold for profit Officers seized Mercedes-Benz and Tesla limousines, Hermes handbags, cosmetic products and accessories ...
How HSBC’s charitable trust ensures Hong Kong’s better long-term future
Voluntary work at heart of philanthropy as bank staff Joyce Chong, Margaret Chan, Caroline Leung and Punit Mehrotra support city’s youth, elderly and underprivileged.
HSBC says split bank would result in ‘erosion of earnings’
The bank responded to the strong statement regarding a break-up plan by Ping An. HSBC's board has defended the bank's current strategy days after its largest investor Ping An Asset Management Company ...
HSBC hits back at top shareholder’s sharpest call to split bank
Ping An publicly called for the creation of “a separately listed Asia business” for HSBC in a statement on Tuesday. Read more at straitstimes.com.
There Are 94 IPOs in the Pipeline in Hong Kong. Which Firms Have the Lion’s Share of the Work?
Funds raised from new share listings in Hong Kong in the first quarter of this year fell a massive 52% year-on-year, and fewer than 20 companies raised $837 million via Hong Kong IPOs in that time.
Bank failures made in America damage the entire world
The bank failures in the United States and Europe have triggered a debate on the causes and consequences of the banking crisis. The crisis has also prompted some populist social media to claim that ...
Hong Kong to target investors in I&T firms with revamped immigration scheme
Undersecretary for Financial Services and the Treasury Joseph Chan says government in process of finalising details of scheme set to launch later this year But lawmakers call for clear definition of ...
Alibaba’s Grocery Arm Gears Up for Hong Kong IPO
Freshippo, the Alibaba Group Holding Ltd. grocery chain known for selling cooked lobsters and grouper freshly chosen from fish-tanks in the store, has started preparations for a Hong Kong initial ...
Hong Kong Interbank Liquidity Set to Hit Lowest Since 2008
Hong Kong’s interbank liquidity is falling toward its lowest level since the global financial crisis, as a wide gap between local and US interest rates forces the Asian financial hub to use frequent ...
Hong Kong’s cash dwindles to 15-year low, putting pressure on banks to raise interest rates to stem booming carry trade
The Wednesday intervention will bring the aggregated balance below HK$50 billion threshold to HK$49.23 billion the lowest since 2008 The low balance reflect low liquidity in the banking sector and may ...
Hong Kong Interbank Liquidity Shrinks Toward Lowest Since 2008
Hong Kong’s interbank liquidity is falling toward its lowest level since the global financial crisis, as a wide gap between local and US interest rates forces the Asian financial hub to use frequent ...
Ping An calls for HSBC to separately list Asian arm in Hong Kong as it continues to push for restructuring
HSBC's biggest shareholder calls for the bank to remain a majority shareholder of a separately-listed Asia business Ping An has been calling in the past year for HSBC to consider changes to enhance ...
HSBC’s top shareholder calls for breakup, expressing ‘deep concern’
HSBC’s biggest shareholder called on the bank to create a separately listed Asian business headquartered in Hong Kong to fix what it sees as a lack of competitiveness. “It is necessary for HSBC to ...
Ping An raises pressure on HSBC to split off Asian business
Michael Huang, chair of Ping An Asset Management, said in a statement on Tuesday that although a split would involve initial costs, these should be “open-mindedly weighed against the benefits”. He ...