Shares of drinks maker China Resources Beverage leapt 13.5% on its Hong Kong trading debut on Wednesday after raising $540 million in an initial public offering (IPO).
Rich Hong Kong families sell mansions at a loss to repay debt
Rich families in Hong Kong are selling their villas and mansions at deep discounts so they can pay off debt, exacerbating the city’s prolonged property slump. About 40% of secondary property deals ...
Alt-rock band Wellsaid on new album Regretopia, Hong Kong’s music community, and going viral on TikTok
Released via new local label Un.Tomorrow, the quartet’s album is a meditation on the city’s collective experiences – and regrets.
Horizon Robotics raises $696m in Hong Kong’s IPO
Horizon Robotics, a Chinese autonomous driving company, has raised $696m (5bn yuan) through an initial public offering (IPO) in Hong Kong. This makes it Hong Kong’s largest IPO for the year, according ...
China’s Horizon Robotics set to price shares at top of range to raise $696 million in Hong Kong IPO, sources say
Chinese autonomous driving firm Horizon Robotics has priced its shares at HK$3.99 each, the top of its range, to raise $696 million in an initial public offering in Hong Kong, according to two sources ...
HSBC reorganises to make Hong Kong a ‘top strategic priority’ in global banking business
HSBC Holdings will reorganise its worldwide operations into four business units and two geographic areas, as one of the world’s largest banks creates a structure that makes Hong Kong – the H in HSBC – ...
HSBC to split U.K. and Hong Kong banking arms into two separate units
HSBC’s overhaul will see the bank split into four separate units under the control of two distinct Eastern and Western markets divisions, new CEO Georges Elhedery said ...
HSBC splits bank between East and West in major overhaul
HSBC has announced the appointment of its first female finance chief in the bank's 159-year history as its new boss shakes up the business. Pam Kaur has worked at the bank for more than a decade and ...
HSBC merges commercial and investment banking units, names first female CFO
HSBC Holdings said on Tuesday it would combine its commercial and investment banking operations in a major overhaul under new CEO Georges Elhedery that has also seen key senior staff depart. Seeking ...
HSBC puts wealth in the spotlight after huge restructure
HSBC Holdings is set to undergo a massive restructure into four businesses to accelerate delivery against its strategic priorities. From 1 January 2025, HSBC will operate under these arms; Hong Kong, ...
New HSBC CEO Shakes Up Structure of Europe’s Biggest Bank
HSBC unveiled a revamped structure designed to cut costs, at a time when falling interest rates are likely to eat into income at Europe's biggest bank by assets Under the [plan laid out Tuesday]( ...
Hong Kong religious group sells US$14 million in property as home market perks up
Jehovah’s Witnesses group has sold 16 units in Tseung Kwan O since July – 11 of them after banks cut interest rates in September.
HSBC’s first female CFO in 160 years: who is Pam Kaur?
HSBC appoints Pam Kaur as its first female CFO in 160 years, effective January 2025, amid a strategic restructuring aimed at boosting growth in Asia.
HSBC appoints Pam Kaur as first female CFO; announces restructuring
HSBC Holdings , named insider Pam Kaur as its first female finance chief on Tuesday, replacing Georges Elhedery who became CEO earlier this year, and announced a reorganization streamlining the bank ...