Hong Kong’s economy expanded just 2.5 per cent in 2024, and UBS has forecast 2 per cent growth this year. US President Donald Trump’s additional 10 per cent tariff on Chinese exports — which is set to ...
Hong Kong banks face rising risks amid prolonged property slump, Moody’s warns
Moody’s highlights the potential for higher loan-loss provisions and a tightening of credit lines, particularly for smaller developers.
Eternal Beauty Struts Its Stuff As Hong Kong’s Newest IPO Contestant
Eternal Beauty has filed for a Hong Kong IPO, reporting its profit rose 20% year-on-year in the first half of its current financial year The perfume seller plans to use funds from the listing to furth ...
HSBC hit by fresh Hong Kong row: Bank accused of ‘shrugging its shoulders’ in the face of Chinese oppression
Boss Georges Elhedery (pictured) appeared to play down concerns over the blocking of pension savings from UK nationals who have fled Hong Kong.
China offers Hong Kong visas to wealthy Chinese in bid to stabilize the city
The Special Administrative Region has developed a program to attract new residents, the majority of them from mainland China – who lack the liberal culture and tradition of the locals.
HSBC to redeploy US$1.5 billion to Hong Kong, Asia from ‘low-return’ markets as CEO cuts costs
Hong Kong’s biggest bank announced US$2 billion in a share buy-back programme and 87 US cents per share in dividend.
HSBC sees $1.8 billion in revamp related costs as new CEO looks to boost returns
HSBC expects to incur $1.8 billion in expenses by the end of next year related to an overhaul initiated by its new CEO to cut long-term costs and boost profits while navigating diverging interest rate ...
Henderson offers 63 flats in Eight Southpark at discount amid warming Hong Kong market
The developer is offering the first batch of flats in the Kowloon City project at an average price of HK$17,388 per square foot.
Hong Kong expands virtual asset push with new licensing, trading options
Hong Kong is expanding the ways investors can trade virtual assets, its financial regulator said on Wednesday, as the city races to become Asia's digital assets hub and attract capital. The Securities ...
Hong Kong’s Hang Seng Bank names new chairman
Hong Kong-based Hang Seng Bank said on Wednesday Edward Cheng, chief of Wing Tai Properties, will succeed Irene Lee as the chairman of the board. Cheng is currently also the deputy chairman at Wing ...
HSBC to redeploy US$1.5 bln to Hong Kong, Asia from ‘low-return’ markets as CEO cuts costs
Hong Kong’s biggest bank announced US$2 billion in a share buy-back programme and 87 US cents per share in dividend.
Hang Seng Bank Delivers Strong Business Performance with Sustained Growth Momentum
Hang Seng Bank today is pleased to report its strong full-year financial results for 2024, showing sustained growth momentum.
HSBC’s Hang Seng Bank Posts Surge in HK Property Impairments
Hang Seng Bank Ltd., a Hong Kong lender controlled by HSBC Holdings Plc, recorded a surge in credit impairment on commercial real estate as the city’s economic struggles are starting to spill over on ...
Hong Kong’s population up slightly in 2024, rise in newborns
Hong Kong's population inched up 0.1% in 2024 to more than 7.53 million, its third consecutive year of expansion, as the Asian financial hub saw an increase in the number of newborns and a rise in the ...