HSBC sought to woo investors on Monday with a higher profitability target and bullish dividend outlook, as Europe's biggest bank pushed back on a proposal by top shareholder Ping ... ( read original story ...)
Hang Seng Bank attributable profit drops 46% YoY to HK$4.7b in H1 2022
External factors such as the fifth wave of the pandemic affected the financial result. Hang Seng Bank posted a 46% year-on-year (YoY) decline in attributable profit to HK$4.7b due to effects brought ... ( read original story ...)
Alibaba, HSBC, China manufacturing shock push Hang Seng Index towards sub-20,000 level for first time in two months
US market regulator put Alibaba on a watch list for delisting on Friday, the highest profile Chinese company yet, over ongoing audit inspection issues Chinese manufacturing unexpectedly contracted in ... ( read original story ...)
HSBC pledges to restore dividend to pre-pandemic levels
HSBC has pledged to restore its dividend to pre-coronavirus pandemic levels as soon as possible as Europe’s biggest bank pushes back against pressure from its largest shareholder Ping An to divide its ... ( read original story ...)
HSBC Vows to Restore Dividends After Unexpected Profit Jump
HSBC Holdings Plc delivered better-than-estimated profits, vowing to restore paying quarterly dividends next year as it seeks to head off a call by its largest shareholder to split up. Most Read from ... ( read original story ...)
HSBC posts second-quarter surprise as profit jumps unexpectedly by 61 per cent on deferred tax gain, helping bank to beat estimates
HSBC reported a 16 per cent decline in its pre-tax profit in Hong Kong as the city's economy recovers more slowly than expected from the fifth wave of Covid-19 The bank's pre-tax profit rose to ... ( read original story ...)
Hong Kong to Report Contraction in GDP as Global Headwinds Mount
Hong Kong will report a contraction in gross domestic product in the second quarter, Financial Secretary Paul Chan said, with global economic headwinds clouding the outlook for the financial hub.Most ... ( read original story ...)
Hong Kong ‘s ZA Bank offers up to 5% Bloom Coins reward for card spend
They can use the coins to redeem NFTs, e-vouchers, amongst others. Hong Kong virtual bank ZA Bank is offering up to a 5% Bloom Coins reward for ZA Card spending. Until 31 August, ZA Bank users who ... ( read original story ...)
HSBC feels pressure from Beijing for a break up
HSBC faces further pressure to bow to the demands of its biggest shareholder and break itself up after a politician in Hong Kong urged the bank to hand board seats to Ping An.The intervention by ... ( read original story ...)
HSBC urged to appoint shareholder Ping An to its board
A Hong Kong politician has urged HSBC spin off its Asia business and appoint representatives of Chinese insurer Ping An to its board, as the global lender prepares to meet with Hong Kong shareholders ... ( read original story ...)
HSBC bosses ‘in denial’ over China’s resolve to split off Asian arm
Executives at the lender are understood to believe that a separation would be costly and disrupt its international trade business. ( read original story ...)
Hong Kong’s finance chief warned the city to prepare for a geopolitical “worst-case scenario”
The city's finance chief has issued a warning that Hong Kong must be fully prepared for the worst of upcoming geopolitical te..|News Track ... ( read original story ...)
Hong Kong’s Hang Seng drops more than 2% with tech stocks under pressure; yen strengthens
Hong Kong's Hang Seng index fell more than 2% on Friday as tech stocks came under pressure. Hang Seng heavyweights Alibaba and Meituan dropped more than 5% each. Thailand's market is closed for a ... ( read original story ...)
Will sharp rises in interest rates diminish Hong Kong’s love affair with property?
Housing prices in the city have risen in three of the past five rate-rising cycles since 1993, according to JPMorgan Concerns about the city's slowing economy, restrictions to control the pandemic ... ( read original story ...)