As global markets navigate through mixed economic signals, Hong Kong's market shows resilience, marked by a modest uptick in the Hang Seng Index and robust retail sales growth. In such an environment, ...
HSBC Leads $250 Million Loan to Fintech Startup FundPark
Hong Kong fintech company FundPark has obtained a three-year $250 million private loan with HSBC Holdings Plc as a senior facility provider, the second such investment the firm has secured this year.
KPMG Expects HK IPO to Raise $60B for 2024
KPMG China expected that Hong Kong's IPO can raise $60 billion in the whole 2024, with the number of listings to be around 70-80. There will be 3 specialist companies listed un... KPMG China expected ...
Hong Kong companies should rethink forced retirement as population ages, survey says
Hong Kong companies that have a mandatory retirement age should ... dating hotspot Respondents to the survey included professionals engaged in governance, finance, legal, technology, management, and ...
New World touts US$4.5 bn in loans, debt payments since January as proof of funding health
Company says it has secured multiple low-cost new loans to replenish its liquidity and increase the proportion of yuan loans as it seeks to control financing costs.
Hong Kong Is Breathing Down the Neck of the Swiss Financial Center
Singapore and, in particular, Hong Kong are increasingly overtaking Switzerland as a financial hub. The extent of the Asians' determination has become evident in recent days in the banking strongholds ...
Hong Kong sees 9.1% uptick in credit card spending in Q1
A total of HK$252.8b credit card transaction value was recorded in Hong Kong during the first three months of 2024, according to data from the Hong Kong Monetary Authority (HKMA) released in June 2024 ...
Citi names HSBC banker as head of corporate banking in Hong Kong
Hung, who takes over the role on 19 August, joins from HSBC where he was most recently head of corporate coverage for Hong Kong. He will replace Joy Cheng. Cheng had been appointed as head of Citi ...
HANG SENG BANK Buys back 200K Shrs for $20.449M
A statement from HANG SENG BANK (00011.HK) disclosed that it repurchased 200,000 shares of the company on the Stock Exchange of Hong Kong today at $101.2-103 per share, involving about $20.449 million ...
Chinese Zara Rival Urban Revivo Is Said to Weigh Hong Kong IPO
Urban Revivo Fashion is considering an initial public offering in Hong Kong, people familiar with the situation said, possibly injecting some life into the city’s market after the slowest start to a ...
HANG SENG BANK (00011.HK) Launches $80B ‘Sustainability Power Up Fund’
HANG SENG BANK (00011.HK) has launched an HK$80 billion Sustainability Power Up Fund, providing green and sustainable financing solutions for businesses The Fund follows the "Green Loan Principles", ...
Citi Hires HSBC’s Matthew Hung as Head of HK Corporate Bank
Citigroup Inc hired former HSBC Holdings Plc banker Matthew Hung to be its head of corporate banking for Hong Kong. Hung replaces Joy Cheng, who was appointed head of Citi Commercial Bank for Hong ...
HSBC Reportedly In Talks with ABN AMRO to Sell German Wealth Mgmt Biz
ABN AMRO is close to a deal to buy HSBC HOLDINGS (00005.HK)'s German wealth management business, Trinkaus and Burkhardt, with an announcement likely in 2-3 weeks, German financial newspaper ...
Hong Kong government leads Asia in green-bond issuance, becomes fifth largest worldwide
City’s sustainable debt market issuance grew 236 per cent year on year in 2023 to US$18.2 billion, according to Climate Bonds Initiative.