BOC Aviation's net profit after tax increased +1% YoY in 1H 2020, as a strong +11% topline growth was offset by impairment losses on financial assets and aircraft. ( read original story ...)
HSBC and StanChart shares tumble after reports claim they moved suspicious funds; Hong Kong leads losses in Asia-Pacific
The banks were identified in reports as having allegedly moved large sums of suspicious funds over a period of nearly two decades. ( read original story ...)
Jack Ma’s Ant Group raises its funding target to $35 billion, likely making it the largest IPO ever
When Ant goes public, it will likely earn a massive valuation that puts it ahead of Saudi Aramco's record-shattering $25.6 billion IPO late last year. ( read original story ...)
Coronavirus: Hong Kong government to give one-time handout of HK$10,000 to non-permanent residents in need
Critics of the move maintain newcomers to Hong Kong haven’t contributed enough to warrant help, while supporters insist they are part of the city’s fabric. ( read original story ...)
Asia-Pacific Markets Rocked by Plunge in Hong Kong Bank Stocks, Rising Global Virus Fears
Pacific stock indexes were lower on Monday, with Hong Kong’s Hang Seng Index leading losses. Markets in Japan were closed on Monday for a holiday. The catalysts behind the weakness were reports that ... ( read original story ...)
Hong Kong has effective anti-money laundering supervision: regulator
Hong Kong's banking regulator said the financial hub was committed to meeting international standards on anti-money laundering, after media reports that some leading banks had moved large sums of ... ( read original story ...)
Top 100 Financial Employers in Hong Kong by www.willyouth.org
Top 100 Financial Employers Guidebook in Hong Kong' is launched on an online youth platform by Will-Foundation, a startup firm in Cyberport, Hong Kong. ( read original story ...)
HSBC’s Hong Kong shares plunge 52% year-to-date as bank gets caught in multiple troubles
The London-based bank's Hong Kong shares on Monday slid below their closing low for March 2009, closing at HK$29.30. They have plunged 52 per cent this year - reaching the lowest since 1995. (In ... ( read original story ...)
Hong Kong stocks fall most in two months amid simmering US-China tensions as HSBC slumps to lowest since 2009
HSBC weighs down the Hang Seng Index as bank tumbles to the lowest level since 2009 amid concerns about Beijing punishment and an investigative report linking it to some fund movements offshore. ( read original story ...)
HSBC and StanChart shares tumble after reports show they moved suspicious funds; Hong Kong leads losses in Asia-Pacific
The banks were identified in reports as having allegedly moved large sums of suspicious funds over a period of nearly two decades. ( read original story ...)
Hong Kong shares slump as banks reel from illicit fund movement reports
Tencent falls after it warns of risk to U.S. user growth Sept 21 (Reuters) - Hong Kong shares fell on Monday, dragged by financials after reports said HSBC and Standard Chartered were among banks ... ( read original story ...)
HSBC shares sink to 25-year low in Hong Kong, StanChart sags over dirty money scandal
HSBC and Standard Chartered Hong Kong shares dropped on Monday after media reports that they and other banks moved large sums of allegedly illicit funds over nearly two decades despite red flags about ... ( read original story ...)
You Can Buy This Stock for $145 in Shanghai—It’s $100 in Hong Kong
Some mismatch between a company’s shares listed on China’s mainland and their counterparts in Hong Kong isn’t unusual. But the growing gulf is creating a strange situation where companies can ... ( read original story ...)
Jack Ma’s Ant to Lift IPO Funding Target to $35 Billion
Jack Ma’s Ant Group is seeking to raise at least $35 billion in its initial public offering after assessing early investor interest, people familiar with the matter said, putting the Chinese fintech ... ( read original story ...)