Tag: banking

Profits at banking giant HSBC leapt five fold in the third quarter to $4.6 billion ... Shares were up 0.7 percent at HK$77.65 ($9.95) in early afternoon trading. Gulliver said the bank had "maintained good momentum in the third quarter", with higher ... ( read original story ...)

HONG KONG (AP) -- HSBC said Monday that its profit rose in the third quarter as a sweeping corporate overhaul aimed at winning more business in Asia paid off. The London-based global bank said pretax profit rose to $4.6 billion in the July-September period ... ( read original story ...)

Overseas investors will shift more allocations to the city’s equities and other emerging markets from the United States, where stocks are 50 per cent more expensive than Hong Kong, said Cheng Yu, a fund manager at HSBC Jintrust Fund Management. ( read original story ...)

He cited as examples Carrie Lam’s policy address in mid October which referred to fintech and devoted four pages to innovation, and the recent announcement of a smart-banking era by Norman Chan, the head of the HKMA, Hong Kong’s banking regulator and ... ( read original story ...)

HONG KONG • Razer, a gaming hardware maker backed by Intel Corp and Hong Kong billionaire Li Ka Shing, plans to launch on Monday a Hong Kong initial public offering of up to US$550 million (S$754 million), IFR reported yesterday, citing people close to ... ( read original story ...)

Hong Kong initial public offering, IFR reported on Friday, citing people close to the deal. The company, which is based in Singapore and the United States, will offer shares in an indicative range of HK$2.93 (S$0.51) to HK$4 each, added IFR, a Thomson ... ( read original story ...)

https://news.efinancialcareers.com/hk-en/299276/asian-banking-career-guide-eric-sim/ Two senior traders, Tish Ghosh and Andrew Pidgeon, have just left Credit Suisse in Hong Kong to join hedge funds. Ghosh, a Credit Suisse MD and head of equities delta one ... ( read original story ...)