Regulators are pushing for banks to accept more exchanges as clients in quest to develop digital assets industry ...
HSBC, StanChart face pressure from Hong Kong to take on crypto clients – FT
The UK-based lenders and the Bank of China were questioned by the Hong Kong Monetary Authority (HKMA) last month on why crypto exchanges were not being accepted as clients, according to the report.
Hong Kong Needs More Welders, Not Bankers
For people living in Hong Kong, a banking job was the path to prosperity. This is no longer the case. As the financial hub emerges from the Covid-19 pandemic, the city finds that it’s facing a similar ...
Chinese pharmaceuticals sales platform YSB to raise over HK$300m in Hong Kong IPO as other firms line up
"Market conditions in Hong Kong and in general are always volatile and unpredictable ... CICC is the sole sponsor of the IPO. The Guangzhou-based company has raised funds in multiple rounds since it ...
HSBC reaches revised terms for sale of its French retail banking business
HSBC will retain US$7.6 billion in loans as part of a revised transaction to sell its French business after completion of the deal appeared ‘less certain’ in April.
HSBC looks to unlock sale of French business with new terms
HSBC said that the new terms might allow for the sale to Promontoria MMB SAS (My Money Group) and its subsidiary Banque des Caraïbes SA to proceed ...
U.S. Banks Are Giving Up China IPO Mandates
International investors have soured so much on Chinese initial public offerings that investment banks are backing out of potential listings. Goldman Sachs has given up several mandates for IPOs in ...
Banks drag Hong Kong stocks from 3-week high amid China, Fed policy bets as Nomura warns of ‘double-dip’ risk
Stocks retreated from a three-week high amid concerns China’s speculated stimulus will be too little too late as Nomura warned more needed to be done to avert another dip in the economy.
HSBC’s Head of Global Banking Sustainability Takes Sabbatical
HSBC Holdings Plc’s head of global banking sustainability, Alexi Chan, is planning to take a five-month sabbatical starting next month, according to a memo.
Hong Kong and global graduates, motivated by high salaries, eye career in finance in post-Covid-19 era: CFA Institute survey
Finance is the top career choice for graduates globally including Hong Kong, as they believe the sector offers better pay and growth prospects, according to a CFA Institute survey.
Hong Kong biotech IPOs face ‘tough’ 2023: Ascendum Capital founder
The year 2023 will be a tough one for pre-revenue biotechnology companies to go public in Hong Kong, according to Serena Shao, founder and managing partner of health care-focused investment firm ...
Hang Seng index is being crashed by Nikkei 225 in 2023
Global indices have been mixed in 2023 with some European indices like the DAX and CAC 40 sitting at their record highs. Asian indices have done well, helped by the strong performance of the Nikkei ...
Hong Kong stocks surrender gains as banks slide amid China stimulus bets while Nomura calls for more tonic to avert ‘double-dip’
Hong Kong stocks wavered amid concerns China’s policy stimulus will be too little too late to rejuvenate its post-pandemic economic recovery. While the Federal Reserve s certain to pause on its rate ...
HSBC Asian growth plan targets mass affluent
London-headquartered banking group HSBC is carving out a bigger role for Singapore as a regional hub as it expands in Asia.