the Hongkong and Shanghai Banking Corporation, Hang Seng Bank as well as BOC Hong Kong (2388) and other local lenders have put out commission-free promotions for A-share purchases.HSBC is an aggressive play... Banks joined brokers to provide discounts to ... ( read original story ...)
Bank looks to spread Christmas cheer with toy collection drive for Hong Kong’s underprivileged children
Christmas is about more than receiving presents, but in an ideal world no child would wake up on December 25 without at least one gift-wrapped toy waiting under the tree. For the 19th consecutive year, Bank of America Merrill Lynch is working to help ... ( read original story ...)
Citi vs Stan Chart vs HSBC: where are their Singapore jobs?
HSBC, Standard Chartered, Citi: they are arguably three of the Western banks most entrenched in the Asian region. The first two generate most of their profits from Asia, while Citi http://news.efinancialcareers.com/sg-en/267219/citi-jobs-hong-kong/ HSBC ... ( read original story ...)
HSBC launches its first credit cards in China
Along with HSBC’s expansion in the Pearl River Delta, Hong Kong banks’ exposure in China has increased this year. Exposure to China stood at 27.6 per cent of Hong Kong’s system-wide assets at the end of June, according to figures from Fitch ... ( read original story ...)
Hong Kong finance chief calls for defence of ‘core values’ after revealing he is mulling leadership run
Hong Kong finance chief John Tsang Chun-wah has said the city must defend its core values such as freedom and the rule of law, in a blog post on Sunday that read more like an election pitch as he mulls a run at the city’s top job. In his weekly blog ... ( read original ...
HSBC : Statement on the Bank of England 2016 stress test results – Announcement made to the HK stock exchange (3-page PDF 157KB)
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 ...)
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’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 ...)