Plus, the banking system is stable too, with a capital adequacy ratio exceeding 20%, far more than the international requirement of 8%.” These measures serve to further hasten the U.S.-China financial ... ( read original story ...)
China Construction Bank Corp., Hong Kong Br. — Moody’s assigns A1 rating to green bonds issued by China Construction Bank’s Hong Kong Branch
© 2020 Insider Inc. and finanzen.net GmbH All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer | Commerce Policy ... ( read original story ...)
Hong Kong stocks rise, on track to break three-session losing streak after US tech rally and latest step in China to bolster economy
In summarising its goals for the second half of the year, the People’s Bank of China said on Monday after market close that it will guide the growth of broader money supply and total social financing ... ( read original story ...)
China stocks firm as banks lend support; Hong Kong up
China stocks firmed on Tuesday, driven by strong gains in banks as investors cheered Beijing’s latest move to ease pressure on the country’s financial institutions. ** The CSI300 index rose 0.1% to 4, ... ( read original story ...)
Asia Pacific stocks set to trade higher; Reserve Bank of Australia’s interest rate decision awaited
The Reserve Bank of Australia's interest rate decision is expected to be out at about 12:30 p.m. HK/SIN on Tuesday. That comes as social distancing measures have been ramped up in the Australian state ... ( read original story ...)
China’s actions risk Hong Kong’s future as global financial center
The new security law Beijing imposed on Hong Kong and the ongoing political turmoil cast a dark shadow on the financial hub's competitiveness and attractiveness to international business. ( read original story ...)
China’s Star Board Among World’s Top Three IPO Venues
China’s technology focused Star board may be just over a year old, but it already ranks among the world’s top three initial public offering venues. ( read original story ...)
Hong Kong shares end lower; HSBC drags after profit slump
Hong Kong shares closed down on Monday on weak global sentiment, with U.S. lawmakers struggling to agree to a new stimulus plan, and after a bigger-than-expected drop in profit at HSBC pulled the bank ... ( read original story ...)
Profits plunge 65% at HSBC on coronavirus and Hong Kong woes
The Asia-focused bank said its financial performance was impacted by the pandemic, market volatility and 'increased geopolitical risk.' ... ( read original story ...)
WeLab Bank Introduces its Digital Banking Platform in Hong Kong’s Competitive Fintech Sector
WeLab Bank introduces its digital banking platform in Hong Kong's highly competitive Fintech sector after completing pilot phase. ( read original story ...)
Hang Seng Bank 1st Half Net Profit Fell 33% on Year
Hang Seng Bank Ltd. said its net profit for the first half fell 33% as Hong Kong wrestled with weaker economic activity amid the Covid-19 pandemic, trade tensions and social unrest. Net profit for the ... ( read original story ...)
HSBC first-half profit plunges 65%, warns loan losses could hit $13 billion
HSBC Holdings PLC warned of rising bad debt charges and a falling core capital ratio after posting a higher-than-expected 65% tumble in first-half pre-tax profit as the coronavirus pandemic hit the ... ( read original story ...)
HSBC profits hammered by pandemic and soaring US-China tensions
HSBC on Monday said profits for the first half of 2020 plunged by 69 percent on year as the banking giant was hammered by the coronavirus pandemic and spiralling China-US tensions. Chief executive Noe ... ( read original story ...)
HSBC first-half profit plunges more-than-expected 65% on loan provisions
HSBC Holdings PLC posted a higher-than-expected 65% tumble in first-half pre-tax profit as the coronavirus pandemic and its impact on businesses forced the Asia-focused bank to boost its loan-loss ... ( read original story ...)