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Tag: banking

Posted on 24/07/2023

Storm Doksuri to intensify into super typhoon on Tuesday, impact on Hong Kong still unclear

Doksuri, named after the Korean word for “eagle”, strengthened from a tropical storm into a typhoon on Sunday night and is expected to develop into a super typhoon on Wednesday, as it enters the Luzon ...

Posted on 24/07/2023

Hong Kong leader makes first visit to Singapore, discusses ways to deepen bilateral relations with PM Lee

Prime Minister Lee Hsien Loong and Hong Kong leader John Lee on Monday reaffirmed the close and longstanding relations between Singapore and Hong Kong, as the chief executive makes his first visit to ...

Posted on 24/07/2023

Hong Kong pro-Beijing lawmaker says nat. security police questioned her for nearly 3 hours over wanted relative in US

Pro-Beijing lawmaker Eunice Yung, the daughter-in-law of the wanted overseas activist Elmer Yuen, has said she had her home searched and was later questioned by national security police for nearly ...

Posted on 24/07/2023

Hang Seng index retreats as Hong Kong real estate stocks sink

The Hang Seng index slipped by more than 1.50% on Monday morning as concerns about China’s housing market continued. It dropped to H$18,838, making it the worst-performing Asian index. Housing stocks ...

Posted on 24/07/2023

Six bubble tea chains plan IPOs in bet on China consumer revival

They include Mixue Bingcheng, China’s biggest bubble tea chain, and Sichuan Chagee, whcih has stores in Singapore. Read more at straitstimes.com.

Posted on 24/07/2023

HSBC banks top spot in Top 30 Strongest Brands in Hong Kong list

HSBC takes the top spot in the inaugural Kantar BrandZ Hong Kong Top 30 Brands Ranking. The report was produced in partnership between Kantar and Design Bridge and Partners ...

Posted on 24/07/2023

Higher interest rates to drive profits as HSBC, Standard Chartered prepare to report second-quarter results

Higher interest rates are expected to help drive profit gains at big Hong Kong lenders, including HSBC and Standard Chartered, in second quarter as US Federal Reserve prepares to hikes rates further.

Posted on 24/07/2023

Hong Kong, Singapore should ‘step up’ post-pandemic ties, leader of city state tells John Lee on first stop of chief executive’s Asean trip

Singapore Prime Minister Lee Hsien Loong says both governments have always had good relationship, while city's top official hails hospitality of hosts John Lee says purpose for trip to Southeast Asia ...

Posted on 24/07/2023

HSBC Buys Back Almost 3.99M Shrs for About $257M Last Fri

HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 3.9899 million shares in the UK and Hong Kong markets last Friday (21st), involving a total of about HK$257 million. Of these, 1.8195 ...

Posted on 23/07/2023

Hong Kong’s John Lee brushes off legal action by golf club over plan to build public housing on oldest course

Chief Executive John Lee stands firm on government plan to take back part of golf course, after club applies for judicial review to overturn environmental report.

Posted on 22/07/2023

M&A Wave on Tap, Every Number Down Bad (Future of Finance | Week in Review)

A weekly five-point roundup of critical events in fintech, the future of finance and the next wave of banking industry transformation.

Posted on 22/07/2023

HSBC Buys Back More than 4.69M Shrs for Over $280M Ytd

HSBC HOLDINGS (00005.HK) announced that it repurchased a total of over 4.6915 million shares in the UK and Hong Kong markets yesterday (10th), involving a total of more than HK$280... HSBC HOLDINGS ...

Posted on 22/07/2023

HSBC Purportedly Mulls Setting up Green Finance & Bonds Teams in CN

HSBC HOLDINGS (00005.HK) is putting together teams that will be dedicated to green finance and bonds in mainland China, so as to fulfil the growing demand for relevant products in ... HSBC HOLDINGS ...

Posted on 21/07/2023

Chinese Visitors Can Now Pay With eCNY at Over 200 Hong Kong Shops

As of July 18, holders of digital yuan wallets are allowed to make payments at more than 200 merchants in Hong Kong using China’s CBDC. In addition, consumers can receive shopping subsidies in digital ...

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