With a huge bill racked up in its efforts to contain the COVID-19 pandemic, Hong Kong is under pressure to revive its struggling economy and restore investor confidence.
Hong Kong’s crypto ambition gets subtle nod from Beijing: Report
Beijing is reportedly giving quiet support to the special region of Hong Kong in its vision to become a cryptocurrency hub in Asia.
HSBC eyes special payout after profit jumps, bonus pool cut
In a move that will prove especially popular to its large investor base in Hong Kong, HSBC said it would resume paying quarterly dividends from the first quarter this year. It said it has brought ...
HSBC to pay largest dividend in 4 years, lifted by bumper fourth-quarter profit that beat forecasts
HSBC said it would pay shareholders its biggest dividend in four years, after the fourth-quarter profit of Hong Kong’s largest bank more than doubled on higher interest rates and improved revenue in ...
HSBC signals rate rise profit windfall has peaked even as payouts rise
HSBC dampened investors' expectations of a sustained income bonanza from rising global interest rates, even after Europe's biggest bank reported a 92% surge in quarterly profit and pledging more ...
HSBC says pre-tax profits slip to $17.5bn in 2022
Banking giant HSBC announced a dip in 2022 pre-tax profits last year, on impairment charges linked to the upcoming sale of its French retail operations.
HSBC lifts CEO Quinn’s pay and eyes special payout after profit jump
Despite the overall bonus cuts for staff, Chief Executive Noel Quinn saw his pay package jump 14% to £5.6m (€6.31m) ...
Standard Chartered plans hiring spree in Hong Kong as city reopens to China
Standard Chartered is going on a hiring spree in Hong Kong this year, in a sign of renewed confidence in its biggest market as the city reopens its border with mainland China.
Hang Seng Bank 2022 Net Interest Income HK$28.98B Vs. HK$23.82B >0011.HK
Hang Seng Bank Ltd. reported a 27% drop in its 2022 net profit due to the increase in expected credit losses to reflect higher risks for borrowers in mainland China's commercial real estate sector.
Hang Seng Bank’s 2022 Net Profit Fell on Higher Expected Credit Losses
Hang Seng Bank Ltd. reported a 27% drop in its 2022 net profit due to the increase in expected credit losses to reflect higher risks for borrowers in mainland China's commercial real estate sector.
HSBC says pre-tax profits slip to US$17.5b in 2022
Banking giant HSBC on Tuesday announced a dip in 2022 pre-tax profits last year, calling the ongoing impact of Covid-19 the main factor in its ...
HSBC reports fourth-quarter pre-tax profit of $5.2 billion, beating estimates
HSBC said it expects net interest income of at least $36 billion in 2023. Hong Kong-listed shares of HSBC were about 1% lower before the release, but were nearly 2% lower in the afternoon. Stock chart ...
HSBC pledges shareholder bonanza after profit nearly doubles
The Asia-focused bank, which counts Hong Kong as its biggest market, also said it will return to paying quarterly dividends in 2023, and would bring forward the consideration of fresh share buybacks ...
HSBC logs sharp jump in Q4 profit, flags special dividend
The exit from Canada was the latest move towards cutting costs. Asia by far remains HSBC’s biggest moneymaker, and accounted for over 78% of its earnings in 2022. Hong Kong is the bank’s biggest ...