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 ...)
HKMA buys HK$1.92 billion from market as currency hits weak side of trading band
Hong Kong's de-facto central bank bought HK$1.923 billion ($245 million) from the market in New York trading hours to stop the local currency weakening and breaking its peg to the U.S. dollar.The Hong ... ( read original story ...)
Techs Sinks Hang Seng More than 2%
Hong Kong’s Hang Seng index fell more than 2% on Friday as tech stocks came under pressure. In Japan, the Nikkei 225 retreated 13.84 points, or 0.1%, to 27,801.64. Japan’s industrial output jumped 8.9 ... ( read original story ...)
Hong Kong IPOs fill ECM deal pipeline
A cloud computing giant, a fruit distributor, and trio of medical companies seek IPOs ... ( read original story ...)
HSBC APAC CMO Suresh Balaji sets to leave firm after 17 years
Suresh Balaji is stepping down as chief marketing officer at HSBC APAC. According to his LinkedIn, Balaji said his role at HSBC has commenced countdown after staying at the company for 17 years, ... ( read original story ...)
Hong Kong stocks post biggest monthly drop in a year, dragged by tech shares
Hong Kong stocks ended lower to post the biggest monthly drop in a year on Friday, pressured by sharp losses in major tech firms, which reignited investor worries over clampdown on the tech sector, ... ( read original story ...)