HSBC, the biggest of Hong Kong's three currency-issuing banks, posted a net profit of US$10.3 billion for the three months ended March 31, compared with US$2.8 billion a year earlier. The bank's ...
China’s Changxin Memory Appoints CICC, China Securities for Local IPO -Sources
HONG KONG (Reuters) - Chinese chip maker Changxin Memory Technologies Inc (CXMT) has appointed investment banks CICC and China Securities as sponsors for its planned domestic initial public offering ...
Cathay Pacific discrimination scandal: is it the tip of an iceberg of low morale, simmering Hong Kong-mainland tensions or just inexcusable bad behaviour?
the recovery of Hong Kong’s tourism industry would be jeopardised. As the airline struggled with a fast plummeting reputation, low staff morale because of drastic pay cuts and cumulative financial ...
HSBC debuts B2B POS financing in Hong Kong
HSBC has launched of point-of-sale (POS) financing for business-to-business (B2B) transactions, a first-to-market banking solution in Hong Kong that enables B2B sellers to offer extended terms of ...
UPDATE 1-Horizon Construction shares plummet in Hong Kong trading debut
Demand for Horizon Construction shares during the IPO’s bookbuild was weak, with retail investors taking up just 12% of the stock on offer to them, according to the company’s filings. There were 36.47 ...
China’s Horizon Construction shares set to slump 28% in Hong Kong trading debut
HONG KONG, May 25 (Reuters) - Shares of China’s Horizon Construction Development Ltd were set to slide 28% in their Hong Kong market debut on Thursday after it raised $210.2 million in its initial ...
HSBC puts global footprint under fresh scrutiny, considers dozen exits
HSBC is trying to increase income through such wealth services especially in China and Hong Kong, where economies are beginning to normalise after the lifting of COVID-19 curbs. The bank is on track ...
HSBC Buys back Over 4.96M Shrs for $295M Ytd
HSBC HOLDINGS (00005.HK) 0.000 (0.000%) Short selling $361.86M; Ratio 42.770% announced that it has repurchased a total of 4.9551 million shares in the U.K. and Hong Kong yesterday (15th), involving ...
ZA Bank plans digital asset retail trading in Hong Kong under new guidelines
Hong Kong-based ZA Bank announced that it plans to launch virtual asset trading services when new guidelines for virtual assets service providers come into force June 1.
Hong Kong firms making progress in boosting work-life balance
The strong desire for flexibility, a key aspect in achieving work-life balance, also comes as many employers begin inviting back their staff to workplaces. In Hong Kong, only 36% of the respondents ...
Alibaba Cloud to cut 7 per cent of staff, sending thousands of workers packing ahead of planned IPO
Alibaba’s cloud division is downsizing as it prepares to go public amid economic headwinds that pushed revenue down 2 per cent in the first quarter.
Exclusive: HSBC puts global footprint under fresh scrutiny, considers dozen exits
HSBC is reviewing a possible exit from as many as a dozen countries, or one in five of the markets it operates in, to sharpen its focus on Asian expansion, Chief Financial Officer Georges Elhedery ...
Hong Kong’s Cryptocurrency Guidelines – Reinforcing Financial Hub Status Amidst Challenges
Hong Kong's cryptocurrency guidelines are attempting to restore the financial hub status of the region by becoming more progressive.
HSBC and 4 other banks broke UK competition law with bond-trading communications: regulator
"HSBC refutes the CMA's allegations," a spokesperson for HSBC, the largest of Hong Kong's three currency-issuing banks, said. "We will continue to make our case to the CMA as appropriate whilst we ...