HKD, Hong Kong’s central bank digital currency, could help to settle payments quicker and be more cost effective for businesses, a pilot trial has shown.
HSBC launches $3 billion buyback, profit disappoints on rising costs
HSBC on Monday reported a fresh $3 billion share buyback and a more than doubling of third-quarter profit that nonetheless missed forecasts as spending on technology and operations grew and inflation ...
HSBC plans US$3 billion share buyback, CEO touts capital strength
I think we are at the bottom of the market, but it will take quite a while for that market to recover and regain momentum' ...
Why Hong Kong’s housing market is hurting but will dodge a full-blown crisis
Hong Kong's real estate market has endured five years of steady upheaval and shocks, with domestic and global factors adding to the strain Even so, the outlook is not all doom and gloom as risks to ...
Chinese Online Insurer Shouhui Considers Hong Kong IPO in 2024
Shenzhen Shouhui Technology Group Ltd., a Chinese online insurance platform, is considering an initial public offering in Hong Kong as soon as next year, according to people familiar with the matter.
HSBC Q3 profit misses estimates, to buy back $3 bln of shares
HSBC Holdings reported a 240% increase in third-quarter pre-tax profit on Monday as higher interest rates boosted profitability, although it missed market estimates.
60 Hong Kong civil servants removed from office last financial year, almost double the average
A total of 60 Hong Kong civil servants were removed from service in the financial year of 2022-23, around double the yearly average recorded in the previous five years, the city’s civil service chief ...
Hong Kong stocks slip as HSBC, Bank of China pace losses before earnings reports, worries about credit exposure to property market
Stocks weaken before HSBC, Bank of China and BYD report their quarterly earnings this week. Caution prevailed amid concerns about credit losses in mainland China’s property sector.
Standard Chartered-backed firm Zodia Custody expands Institutional crypto services to Hong Kong
Zodia Custody, owned by British financial powerhouse Standard Chartered, has announced its entry into the Hong Kong market. This move comes as part of the company’s deliberate foray into the ...
Instead of fighting LGBTQ rights in court, Hong Kong’s gov’t has a chance to lead change – why doesn’t it?
Another day, another court ruling striking down a Hong Kong government practice of discriminating against gay people. This time an appeals court unanimously upheld a lower court decision that ...
Eight companies honoured with HSBC Business Excellence Awards
The Hong Kong and Shanghai Banking Corporation (HSBC) yesterday honoured eight business enterprises of Bangladesh for their outstanding contribution to the sustainable growth of the economy even ...
HSBC Buys back Over 5.21M Shrs for $311M Last Fri & Ytd
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 5.2101 million shares of the company at HKD311 million last Friday (20th) and yesterday (23rd) in the UK and HK ma... HSBC HOLDINGS ...
Eight companies honoured by HSBC Business Excellence Awards
The Hong Kong and Shanghai Banking Corporation (HSBC) today honoured eight business enterprises of Bangladesh for their outstanding contribution to the sustainable growth of the economy even during ch ...
Hong Kong stocks rise by most in 4 weeks, notches weekly gain as more Chinese companies join buy-back plans
Stock buy-backs in Shenzhen by industry bellwethers CATL and Gree are lifting market confidence in Hong Kong. China Life Insurance sheds 0.7 per cent for the biggest drag on the Hang Seng.