HSBC Holdings plc ('HSBC') notes the publication today of the results of the Bank of England's 2016 concurrent stress test exercise. The Bank of England's results show that, under the hypothetical stress scenario, HSBC's common equity tier 1 ('CET1') ratio ... ( read original story ...)
The thought of 'Father Christmas' payout should cheer up investors
"Hui Fung" is, of course, the commonly known Chinese name for HSBC - Hong Kong's largest bank. The rationale is that HSBC is known to have the tradition of delighting its shareholders with a fat final dividend payout to usher in each New Year. That "bonus ... ( read original story ...)
How to pick a winner in the Shenzhen-Hong Kong Stock Connect
head of China and Hong Kong equity strategy for HSBC. It has 385 consumption-related companies, accounting for 57 per cent of the listed companies in this industry, and 196 information technology (IT) firms, comprising 78 per cent of the industry. ( read original story ...)
HSBC : Third interim dividend for 2016 – Announcement made to the HK stock exchange – English (1-page PDF 80KB)
On 3 October 2016, the Directors of HSBC Holdings plc declared the third interim dividend for 2016 of US$0.10 per ordinary share. The dividend is payable on 6 December 2016 to holders of record on 21 October 2016 on the Principal Register in the United ... ( read original story ...)
Hong Kong moves to disqualify pro-democracy legislators
Hong Kong's government is moving to disqualify four pro-democracy lawmakers from parliament. The government is launching legal challenges against Nathan Law, Edward Yiu, Lau Siu-lai and Leung Kwok-hung, arguing that the oaths they took when being sworn in ... ( read original story ...)
Hong Kong MP Nathan Law predicts political demise hours before new Government legal action
Hong Kong's youngest MP, Nathan Law, predicted the possible demise of his political career to the ABC just hours before news broke that he was among the latest group being targeted by the territory's leaders. Hong Kong's Government began legal action ... ( read original story ...)
Britain values its business ties with Hong Kong thanks to the freedoms enshrined in the Basic Law
Many commentators call the 21st Century the Asian Century. In the 1700s Asia’s share of global GDP was nearly 60%. Today it is just under 30% and rising. And most forecasters predict that this will grow to over 50% by 2050. Asia was, is and will remain ... ( read original story ...)
Hang Seng Index Pulled Lower By Global Pressures, High Volatility Ahead
Although there were mixed influences on the Hang Seng index on Friday ... alleviated concerns surrounding Hong Kong competitiveness to some extent. The yuan maintained a firmer tone on the day with the People’s Bank of China (PBOC) measures to tighten ... ( read original story ...)
What you need to know about 2016 Hong Kong banking bonuses
Worried about your Hong Kong banking bonus? You probably should be. http://news.efinancialcareers.com/hk-en/266679/unhappy-headhunter-asia/ Bonuses for 2016 will be worse than last year at global banks in Hong Kong, but money is still being ringfenced to ... ( read original story ...)
Hong Kong officials widen legal attack on fledgling independence movement
HONG KONG (Reuters) - Hong Kong's leaders on Friday widened their legal fight against the city's fledgling independence movement, targeting four more lawmakers over oaths taken at a legislative council swearing-in ceremony in October. Chief Executive Leung ... ( read original story ...)
Hong Kong’s next leader must ‘unite’ the city, says former financial minister Antony Leung
A former financial minister for Hong Kong has identified the “ability to unite Hong Kong” as a key attribute for the leader who should govern the city in the next five years. Antony Leung Kam-chung, who previously described Financial Secretary John ... ( read original story ...)
Hong Kong Developers Go From First to Worst
Nov.30 -- Hong Kong developer stocks have gone from being the top performers to the worst, slammed by home price curbs and the expectation of rate hikes following Donald Trump’s win in the U.S. presidential election. Bloomberg's Kana Nishizawa reports on ... ( read original story ...)
Asia's wealth industry booting out clients in costly clean-up
The clean-up is mainly focussed on problematic clients in the Asian financial hubs of Singapore and Hong Kong, which manage more than $1 trillion of managed assets combined. Bankers expect a new round of consolidation among small wealth managers ... ( read original story ...)
China Waives Tax for Shenzhen-Hong Kong Connect
Dec.01 -- China will waive capital-gains taxes for foreign investors trading through the Shenzhen-Hong Kong exchange link, providing clarity ahead of the connect’s start on Dec. 5. Bloomberg's Sam Mamudi reports on "Bloomberg Markets." ( read original story ...)