In Hong Kong, HSBC shares were trading at HK$63.30, up 1.04 percent. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com. HSBC Holdings NewsMORE Related Stocks ...
China CITIC Bank International to open first ESG flagship branch in Tsim Sha Tsui’s Canton Road
First bank branch in Hong Kong to utilise solar glass panels in move to promote green finance HONG KONG, Feb. 21, 2024 /PRNewswire/ -- China CITIC Bank International Limited ("CNCBI") today announces ...
HSBC pre-tax annual profit misses estimates on impairment costs; bank announces $2 billion further share buyback
HSBC's full-year 2023 pre-tax profit missed analysts' estimates on Wednesday, hit by impairment costs linked to the London-based lender's stake in a Chinese bank. Europe's largest bank by assets saw ...
Hong Kong bankers earn up to 46% more than their Singapore peers
Analysts make an average of US$92,149 (S$123,831) a year in Hong Kong, compared with US$63,305 in Singapore Read more at straitstimes.com.
Hong Kong’s crypto licensing draws local financial giants
Less than a year since the Hong Kong gave the green light to cryptocurrency exchanges, there’s been a notable rush among established financial entities and brokerage firms to secure their spot in the ...
Central Bank of Hong Kong Releases Guidance on Digital Asset Custody for Institutions
Hong Kong's central bank is releasing new guidelines for institutions interested in offering crypto custodianship services.
Lantian Takes Swipe At IPO, But Slow Growth May Dampen Its Prospects
Lantian Group has filed to list in Hong Kong, reporting its profit rose 13.8% year-on-year in the first nine months of 2023 to 44 million yuan The company is still a relative baby in China’s ...
Hong Kong to continue capitalising on ‘dim sum’ bond and loan opportunities after offshore yuan debt grew exponentially in 2023, regulators say
Use of the yuan in cross-border trade and investment has been gaining traction in recent years, HKMA executive director Kenneth Hui tells Global Loan Market Summit 'Being the world's largest offshore ...
Mainland Chinese customers spent US$7.6 billion on Hong Kong insurance policies last year, but sales to fall as ‘pent-up’ demand fades: watchdog
Policy sales have been boosted by the reopening of the mainland border, a weakening yuan and the interest rate gap between China and the United States, the Insurance Authority says.
Former Bank of China chairman indicted for bribery in nation’s long-running anticorruption drive
The former chairman of the Bank of China has been indicted on bribery charges, adding to a long list of business and government officials who have been brought down by Chinese leader Xi Jinping’s ...
Goldman Lampe Pioneering the Future of Finance in Hong Kong
Goldman Lampe Private Bank, with its storied history of excellence in banking and finance, has announced a groundbreaking expansion with plans to open a new branch in Hong Kong. This strategic move is ...
Hong Kong stocks halt Year of Dragon rally on China policy rate decision, Hang Seng Index letdown
The rally in the Year of the Dragon has come to a halt as tech stocks lead losses. China’s central bank decided to maintain its policy rate, while the Hang Seng Index membership stayed at 82 to the ...
HSBC Navigates Choppy Waters: Booming 2023 amidst emerging challenges; Economic, political challenges loom in China
HSBC, basking in the afterglow of a likely strong 2023 driven by rising interest rates, faces uncertain waters in the upcoming year. CEO Noel Quinn acknowledges the potential for turbulence and ...
Pacific Century downplays FWD sale, says IPO will come at ‘opportune time’ and billionaire Richard Li to keep control of insurer
FWD Group, a Hong Kong-based insurance business controlled by Richard Li Tzar-kai, said Li would maintain his control of the company amid speculation it was considering a potential stake sale.