HSBC will retain US$7.6 billion in loans as part of a revised transaction to sell its French business after completion of the deal appeared ‘less certain’ in April.
HSBC looks to unlock sale of French business with new terms
HSBC said that the new terms might allow for the sale to Promontoria MMB SAS (My Money Group) and its subsidiary Banque des Caraïbes SA to proceed ...
Hong Kong protest anthem’s online presence fades as govt seeks total ban
Various versions of the pro-democracy protest anthem "Glory to Hong Kong" were unavailable on Apple’s iTunes Store, Spotify, Facebook and Instagram’s Reels on Wednesday after the government sought an ...
U.S. Banks Are Giving Up China IPO Mandates
International investors have soured so much on Chinese initial public offerings that investment banks are backing out of potential listings. Goldman Sachs has given up several mandates for IPOs in ...
Banks drag Hong Kong stocks from 3-week high amid China, Fed policy bets as Nomura warns of ‘double-dip’ risk
Stocks retreated from a three-week high amid concerns China’s speculated stimulus will be too little too late as Nomura warned more needed to be done to avert another dip in the economy.
HSBC’s Head of Global Banking Sustainability Takes Sabbatical
HSBC Holdings Plc’s head of global banking sustainability, Alexi Chan, is planning to take a five-month sabbatical starting next month, according to a memo.
Man arrested after spray painting graffiti on U.S. consulate in Hong Kong
A man was arrested in Hong Kong after spray painting graffiti on the U.S. consulate amid heightening tensions between the U.S. and China. The suspect spray painted the word “hegemony” in English, and ...
Hong Kong stocks advance as Tencent, Xpeng lead on China rate-cut, Fed outlook while Nomura calls for more tonic to avert ‘double-dip’
A combination of bullish bets on China and US interest-rate outlook is driving another round of gains in Hong Kong stocks. Questions remain if that could sustain the rally after a slew of recent ...
Hong Kong and global graduates, motivated by high salaries, eye career in finance in post-Covid-19 era: CFA Institute survey
Finance is the top career choice for graduates globally including Hong Kong, as they believe the sector offers better pay and growth prospects, according to a CFA Institute survey.
Hong Kong biotech IPOs face ‘tough’ 2023: Ascendum Capital founder
The year 2023 will be a tough one for pre-revenue biotechnology companies to go public in Hong Kong, according to Serena Shao, founder and managing partner of health care-focused investment firm ...
Hang Seng index is being crashed by Nikkei 225 in 2023
Global indices have been mixed in 2023 with some European indices like the DAX and CAC 40 sitting at their record highs. Asian indices have done well, helped by the strong performance of the Nikkei ...
Hong Kong stocks surrender gains as banks slide amid China stimulus bets while Nomura calls for more tonic to avert ‘double-dip’
Hong Kong stocks wavered amid concerns China’s policy stimulus will be too little too late to rejuvenate its post-pandemic economic recovery. While the Federal Reserve s certain to pause on its rate ...
Will importing 20,000 workers fix Hong Kong’s labour woes? It’s a good start, say bosses but unions warn pay, conditions the main problem
Hong Kong labour unions have warned that a government plan to import more than 20,000 workers will not address the causes of the manpower shortage, arguing issues such as low pay and unsatisfactory ...
Chinese automaker BYD reopens two Hong Kong showrooms after vandalism
Chinese automaker BYD Co Ltd has restarted operations at two showrooms and a service centre in Hong Kong after they were vandalised earlier this week, BYD's sole agent said in a notice on its website ...