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Tag: banking

Posted on 07/10/2023

HSBC: Average Client Green Bond Subscription Amount Rises by Around 25%

Sami Abouzahr, Head of Customer Wealth for HSBC Wealth and Personal Banking in Hong Kong, said that one-fifth of clients subscribing to the new tranche of green bonds through HSBC are the first time ...

Posted on 07/10/2023

HSBC Sherard Cowper-Coles Reported to Exit Next Mth after Slamming UK’s CN Policy

Short selling $279.61M; Ratio 28.816% 's head of public affairs Sherard Cowper-Coles is set to step down from his role after his controve ...

Posted on 07/10/2023

HSBC Reported to Acquire Citi’s Consumer Wealth Mgmt Biz in CN

HSBC HOLDINGS (00005.HK) is set to acquire Citigroup's (C.US) consumer wealth management business in China, along with few hundreds of China-based Citigroup staff, Reuters cite... The consumer wealth ...

Posted on 06/10/2023

QMMM Holdings Files for IPO of 960,000 Shares Priced at $5 Apiece

By Colin Kellaher Digital-media-advertising company QMMM Holdings has filed with the U.S. Securities and Exchange Commission for an initial public ...

Posted on 06/10/2023

Hong Kong-listed GR Life Style in talks to buy historic steel trader Stemcor

A Hong Kong-listed property developer is the preferred bidder for the company founded by the father of veteran Labour MP Dame Margaret Hodge, Sky News learns.

Posted on 06/10/2023

China adds finance-economy and social affairs bureaus to top Hong Kong-Macau body amid Beijing’s administrative upgrade

Economy and finance bureau and social work bureau will be added to new Central Hong Kong and Macau Works Office (CHKMWO).

Posted on 06/10/2023

Hong Kong police impound Lamborghini worth HK$6 million suspected to be tied to growing JPEX financial scandal

Officers from commercial crime bureau arrest 31-year-old man, one of seven suspects taken into custody on Thursday in connection with city’s biggest case of alleged financial fraud.

Posted on 06/10/2023

When a Hong Kong bank suffered a crushing humiliation after scrapping 83 safe deposit boxes full of cash, jewels and personal items

“Bank junks deposit boxes in renovation blunder,” read a headline in the South China Morning Post on October 6, 2004. “A Hong Kong bank has blamed human error ...

Posted on 06/10/2023

Tian Tu Capital shares fall after Hong Kong IPO

Tian Tu Capital shares opened lower on their debut in Hong Kong, failing to provide an initial pop as investor sentiment remained cautious in an ...

Posted on 06/10/2023

BOC HONG KONG (02388.HK) Provides E-Payment Services for Star Ferry Routes

BOC HONG KONG (02388.HK) announced that they will e-payment service for Star Ferry routes. With immediate effect, users can travel between Hong Kong Island and Kowloon on the Ferry, paying by BoC ...

Posted on 06/10/2023

HSBC Buys back Nearly 4.65M Shrs for Over $280M Ytd

HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 4.6456 million shares of the company at over HKD280 million yesterday (27th) in the UK and HK markets.Among which,... HSBC HOLDINGS ...

Posted on 06/10/2023

Hong Kong stocks jump on China recovery bets, property easing speculation while Sunac deal lifts distressed developers

Local stocks are looking to end the week with a flourish after a miserable five-week losing stretch. Signs of better recovery in the Chinese economy, and speculation about property-easing measures, ...

Posted on 06/10/2023

Hong Kong virtual insurer Bowtie eyes disruption amid HKMA’s fintech push in securities and insurance sectors

The move means that different regulators in Hong Kong will work to build an ecosystem for banks, insurance companies, financial firms and other tech start-ups, virtual insurer Bowtie's Fred Ngan says ...

Posted on 06/10/2023

Sunac China wins Hong Kong court approval to implement US$10.2 billion debt workout with creditors in boost to stock prices

Sunac moved ahead of its troubled peers in fixing its financial crisis after a court in Hong Kong sanctioned its US$10.2 billion debt workout plan with more than 2,000 offshore creditors.

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