HSBC has unveiled a sweeping overhaul of its bank separating its UK division from its Asia business amid growing geopolitical tensions between China and the West. The lender on Tuesday announced that ...
AI Chip Startup Kneron Seeks Funds at $1 Billion Valuation
Artificial intelligence chip startup Kneron Inc. is in talks to raise $300 million in its latest funding round, which could value the Taiwanese-American company at about $1 billion, according to two ...
China’s Horizon Robotics raises $696 million in biggest Hong Kong IPO of 2024, term sheet shows
Chinese autonomous driving firm Horizon Robotics has priced its shares at the top of its range to raise HK$5.4 billion ($696 million) according to a term sheet seen by Reuters, making it the biggest ...
HSBC streamlines business units into four, names new CFO
LONDON : HSBC Holdings Plc said it would merge two of its largest businesses, outside the UK and Hong Kong, and restructure regionally as CEO Georges Elhedery looks to rein in costs against a backdrop ...
HSBC names insider Pam Kaur as first female CFO – report
HSBC ( NYSE: HSBC) appointed Pam Kaur as its first female Chief Financial Officer, replacing Georges Elhedery, who was promoted to CEO earlier. Kaur, 60, currently is the chief risk and compliance ...
HSBC Holdings Boosts Shareholder Value with Buy-Back
HSBC Holdings (GB:HSBA) has released an update. HSBC Holdings has repurchased over 2.9 billion US dollars worth of its own shares as part of a ...
Hong Kong’s Paul Chan touts use of retail bonds to fund public works in Apec speech
Hong Kong’s finance chief has shared how the city used retail bond issuances to fund infrastructure projects as he began a visit to Peru for an Asia-Pacific Economic Cooperation (Apec) meeting. At a ...
Monkeys killed by soil infection at Hong Kong zoo, officials say
Melioidosis, a bacterial infection, was responsible for killing at least nine monkeys at a Hong Kong zoo, authorities said, as a further two died over the weekend, taking the total to 11 in the past ...
Hang Seng preferred banking is guiding Hong Kong’s youth to maximize every dollar
Hang Seng Bank (Hang Seng) has launched the "Plan Smart For Every Dollar!" campaign to connect with Hong Kong's younger generation and offers a wide range of services, including accessible investment ...
Hong Kong property market sees price increases as confidence returns, sales surge
Chinachem Group, the developer of Echo House, has raised the price of the second batch of 50 flats by about 4 per cent amid a surge in interest.
Hong Kong’s courts are independent, gov’t says after ex-top court judge says judiciary ‘too partial’ to authorities
Hong Kong’s courts are independent and proceedings are conducted in accordance with the evidence presented, the government has said after a former top court judge said the Judiciary was “too partial” ...
Commentary: Were warnings of Hong Kong’s demise as a financial hub exaggerated?
Hong Kong and Singapore play different but complementary roles as Asia’s top financial hubs, says Penta Group’s David Cook.
Hong Kong help sought to create financial hub
Thailand is seeking a partnership with Hong Kong to collaborate in the development of a financial hub that will serve as a gateway to Asean markets.
CITIC to Sell Stake in McDonald’s China, Hong Kong Business for $430.3 Million
(Reuters) - China's state-owned CITIC Ltd has agreed to sell its 19.23% stake in Fast Food Holdings, the company behind McDonald's China and Hong Kong operations, to Trustar Fast Food Holdings for ...