Banking giant HSBC said Wednesday that pre-tax profits in the first half of 2024 came in at $21.6 billion, slightly lower than last year’s record ...
Hong Kong’s Paul Chan praises ‘inspirational’ Olympians, urges firms to ‘seize moment’
Financial Secretary Paul Chan says companies can create new opportunities if they pool resources and flexibly innovate.
Hong Kong’s Wealth Comeback: Chinese Rich Return After Singapore Cracks Down on Money Laundering
Hong Kong is welcoming back its wealthy Chinese residents with open arms. After years of millionaires leaving the city, about 200 high-net-worth individuals are expected to return this year. This ...
Hong Kong reclaims 5,000 flats from well-off tenants with luxury cars, mainland properties
Housing director says number of flats reclaimed equivalent to medium-sized public estate, with construction price tag at about HK$5 billion.
Hong Kong signs agreement with People’s Bank of China to enhance Faster Payment System
The Hong Kong Monetary Authority has signed an agreement with the Chinese central bank to promote cross-border linkages for fast payment systems, including a proposed increase in the remittance cap.
HSBC plans another $3 billion stock buyback as CEO Noel Quinn prepares to leave
The London-headquartered bank beat expectations on a bumper result from its wealth-management arm as it launched another $3 billion share-buyback plan ...
HSBC offers $3 billion buyback as wealth income offsets rate cut anxiety
HSBC Holdings reported a slight decline of 0.4% in first-half profit on Wednesday but still beat analyst estimates, as its businesses benefited from higher interest rates worldwide while robust growth ...
Hong Kong regulators, banks struggle to contain damage from financial fraud
After phone calls that totalled four hours, Lee found herself poorer by HK$570,000. Lee was the victim of a phone scam. In Britain, this type Authorised Push Payment (APP) fraud will compel the bank ...
Xi’s Letter to Hong Kong Entrepreneurs Seen as Boost for City
(Bloomberg) -- President Xi Jinping called on Hong Kong entrepreneurs to boost China’s development in a letter the financial hub’s business community welcomed as a sign of encouragement. Most Read ...
Going for an IPO: which agents are publicly listed?
The PIE looks at the fortunes of student recruitment companies who have successfully floated on the stock market or are planning to do so.
Hong Kong senior officials vow to solidify city’s status as global financial hub amid opening-up efforts
With its strengths in banking, capital markets and asset management, Hong Kong provides an all-encompassing and high-quality financial platform for investors, financiers, asset managers, funds and ...
Hang Seng Bank’s profits up 1% to HK$11.3b in H1
Total capital returns to shareholders– including a HK$3b share buy-back– has risen 80%, to HK$7.6b, according to Hang Seng Bank. Hang Seng Bank’s CEO and executive director Diana Cesar expressed ...
{Block Trade}BOC HONG KONG: 2.77m shares, or HK$62.49m
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BOC HONG KONG Keeps HKD Interest Rates Unchanged
BOC HONG KONG (02388.HK) announced that its Hong Kong Dollar prime rate and call deposit rate remain unchanged at 5.875% p.a. and 0.875% p.a. respectively. Related News HSI Closes ...