Tag: banking

If only Chief Executive Carrie Lam and Norman Chan, who heads Hong Kong’s de facto central bank, spent as much time and resources addressing worsening inequality and social mobility. The falling Hong Kong dollar is a distraction—more symptom than cause ... ( read original story ...)

China is laying the groundwork for China Depository Receipts, allowing major firms to issue a type of secondary listing in the mainland. Some are worried that could negatively affect the Hong Kong IPO market, but experts said it's unlikely to have a major ... ( read original story ...)

Two of Hong Kong’s top ministers vowed to turn the city into China’s premier financial and technology centre, in the same way that mainland cities such as Shenzhen and Guiyang have succeeded in transforming themselves into the country’s innovation ... ( read original story ...)

Tellingly, Hossein Zaimi, named by HSBC to run its global equities business last year, is based in Hong Kong and not London, the location of his predecessor. Two of the bank’s five biggest and fastest-growing markets — Hong Kong and China — are ... ( read original story ...)

Janice HuangHSBC (0005) will increase both Hong Kong dollar and US dollar time deposit rates.On Hong Kong dollar time deposit rates, HSBC is to raise the six-month rate from up to 1.35 percent a year to up to 1.6 percent a year and 12-month rate from up to ... ( read original story ...)

South Africa have turned to their all-time top try scorer as they look to resurrect a season on the slide in the HSBC Sevens World Series ... in the first Super Rugby match to be played in Hong Kong, sevens superstar Seabelo Senatla is back in the ... ( read original story ...)

He’s spent years tearing up the Cathay Pacific/HSBC Hong Kong Sevens with the Blitzboks and now scintillating winger Seabelo Senatla is out to give the city’s first Super Rugby game a carnival feel. Long one of the key components of South Africa’s ... ( read original story ...)

Others joining HSBC in Hong Kong include Edman Won... HSBC Holdings (0005) is continuing a hiring spree for its equities business in the Asia-Pacific region, recruiting executives from firms including Deutsche Bank AG and Citigroup Inc, according to sources. ( read original story ...)

HONG KONG: HSBC Holdings plc is continuing a hiring spree for its equities business in the Asia-Pacific region, recruiting executives from firms including Deutsche Bank AG and Citigroup Inc, according to people familiar with the matter. HSBC has hired ... ( read original story ...)

With plenty of banks to choose from, we do our best to document them all in this directory. The Hongkong and Shanghai Banking Corporation Limited is the largest bank in Hong Kong, the founding member of the HSBC Group. Since 1990 it operates in Hong Kong ... ( read original story ...)

It will take an Ant to move this Hong Kong stock mountain. Until recently, Hong Kong was an IPO desert. Issuance had been falling for four consecutive years as investors grew weary of deal after deal from state-owned Chinese firms. Then came ZhongAn ... ( read original story ...)

BOC Hong Kong shed 0.49 percent, CNOOC slid 0.29 percent and China Life was unchanged. The lead from Wall Street is cautiously optimistic as stocks were lackluster on Friday, bouncing back and forth across the unchanged line before ending mostly higher. ( read original story ...)

Hong Kong Q1 GDP Q/Q: 2.2% v 0.8%e; Y/Y: 4.7% v 3.4%e - BOE's Broadbent: Recent slowdown seen as temporary, Q1 economic weakness was partly due to weather (in-line with recent MPC statement). Right to wait and assess the health of the economy. BOE message ... ( read original story ...)

In Hong Kong, stocks rallied overnight after data showed China's industrial ... This morning's data is likely to shed light on whether the Bank of Canada (BoC) will raise interest rates on May 30 or at its subsequent meeting on July 11. ( read original story ...)