Mainland-based Clover Biopharmaceuticals has started pitching investors for its up to HK$2.03bn ($260.5m) IPO, opening bookbuilding in Hong Kong on Monday. The company, which is developing a Covid-19 ... ( read original story ...)
HSBC plans to buy back up to US$2 billion in shares, beats estimates with higher pre-tax profit
HSBC, the biggest of Hong Kong’s three currency-issuing banks, said it would buy back US$2 billion in shares as its third-quarter profit beat analysts’ estimates, driven in part by release of reserves ... ( read original story ...)
HSBC chief Quinn says bank’s lows ‘are behind us’
HSBC is emerging from its coronavirus and restructuring troubles to become more reliably profitable, boss Noel Quinn said Monday. ( read original story ...)
HSBC pre-tax profits more than double to $5.4 billion in Q3
In a statement to the Hong Kong stock exchange the banking giant reported pre-tax profit in July-September had jumped from $2.3 billion to $5.4 billion while profit after tax came in at $4.2 billion, ... ( read original story ...)
HSBC is set to report third-quarter earnings today. Here’s what to expect
Reported pre-tax profit for the third quarter is forecast to jump 22.8% on year to $3.776 billion, according to analyst estimates compiled by HSBC. ( read original story ...)
The Hongkong and Shanghai Banking Corporation Limited
The Negative Outlook on The Hongkong and Shanghai Banking Corporation Limited's (HKSB) Long-Term Issuer Default Rating (IDR) mirrors the Outl ... ( read original story ...)
Asifma urges Hong Kong to ease Covid rules
In an open letter to Paul Chan, Hong Kong's financial secretary, on Monday, Asifma called for a clear roadmap for exiting the city's 'zero-case' Covid strategy. Among the top financial cities in the ... ( read original story ...)
Chinese Mall Management Giant Files for Hong Kong IPO
Zhuhai Wanda Commercial Management Group, the property servicing arm of Dalian Wanda Group, has filed for a Hong Kong stock exchange listing and, according to Chinese media reports, is seeking to ... ( read original story ...)
Hong Kong’s zero-COVID policy undermining financial hub status – industry group
A financial industry group warned on Monday that Hong Kong's zero-COVID policy and strict quarantine requirements for international travellers threatens to undermine the city's status as a financial ... ( read original story ...)
Evergrande: Hong Kong banks report third-quarter results as concerns swirl over world’s most indebted developer
HSBC, Standard Chartered – two of Hong Kong’s biggest banks – previously said they have little to no direct exposure to troubled China Evergrande Group. ( read original story ...)
Hong Kong Widens Security Supervision With Request to Banks
The Hong Kong Association of Banks with “input” from The Hong Kong Monetary Authority. Lenders operating in the city will need to report clients who they know or suspect are committing offenses ... ( read original story ...)
HSBC share price forecast ahead of quarterly earnings
The HSBC (LON: HSBC) share price will be in focus on Monday morning as the company publishes its quarterly results. The stock has risen in the past six straight days and is trading at the highest it ... ( read original story ...)
HSBC to provide skills development opportunity for students
The program will provide hands-on experience to the students by enabling them to take on real and challenging responsibilities at the bank ... ( read original story ...)
Why I think the HSBC share price looks dirt-cheap
Rupert Hargreaves explains why he thinks the HSBC share price is considerably undervalued compared to its growth potential. ( read original story ...)