The Glasgow Financial Alliance for Net Zero (GFANZ), the world's largest coalition of financial institutions committed to the goal of net zero emissions by 2050, will open a chapter in Hong Kong to ...
HSBC Buys Back Over 4.65M Shrs for $277M Ytd
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 4.6504 million shares in the UK and Hong Kong markets yesterday (16th), involving a total of HK$277 million.Of the... HSBC HOLDINGS ...
Bank of China says some regional LGFVs have defaulted
HONGKONG : The Bank of China said on Wednesday that some regional local government financing vehicles (LGFV) have defaulted and the lender's asset quality has deteriorated. Chief Risk Officer Liu ...
Chinese banks ICBC, BOC post sluggish profit growth
BEIJING/SHANGHAI/HONG KONG (Reuters) -Two of China's biggest banks on Wednesday ... Industrial and Commercial Bank of China Ltd (ICBC), the country's biggest lender, said in a filing its net profit ...
Hong Kong stocks gain as HKEX, Longfor rally amid market-boosting measures while Xiaomi lifts earnings optimism
Stocks sustain a rally as HKEX and Longfor lead gainers amid bets on more market-boosting measures. Investors are turning less bearish as policymakers begin to address a slump in confidence.
Crypto Bank Seba Wins In-Principle Approval to Operate in Hong Kong
Seba, a crypto bank based in Switzerland, said it won approval-in-principle (AIP) from Hong Kong's Securities and Futures Commission (SFC) for its regional subsidiary as it looks to extend its ...
Chinese EV start-up Hozon raises US$960 million in pre-IPO financing, looks to expand footprint at home and abroad
Shanghai-based carmaker did not name the investors in the crossover funding round, its first capital raise since July 2022 Hozon, also known as Neta Auto, is also seeking to raise US$1 billion via a ...
Swiss SEBA Bank gets approval-in-principle for Hong Kong crypto services
Swiss crypto-focused SEBA Bank on Wednesday said it has received an approval-in-principle from Hong Kong's securities regulator that takes it only one step away from offering virtual asset services in ...
Hong Kong Dollar Set for Worst Month Since 1985
(Bloomberg) -- The Hong Kong dollar is poised for its biggest monthly retreat since 1985 as interest rates in the city drop and pessimism toward China’s economy weighs on the stock market. Most Read ...
Chinese bank shares fall on existing mortgages rate cut concerns
Shares in China's banking sector dropped on Wednesday on worries that a reduction in existing mortgage rates will dent the profitability of lenders already reeling from a worsening property sector ...
A Lesson From Hong Kong For Those Who Worry China Hides Bad News
According to Washington Post columnist Catherine Rampell, “The Chinese economy has hit a rough patch.” On their face, comments like these always rate a raised eyebrow: I can’t measur ...
SEBA Hong Kong Awarded Approval-in-Principle by Hong Kong Regulator to Conduct Licensed Crypto Related-Services
HONG KONG--(BUSINESS WIRE)--SEBA Bank, a full-service, global crypto bank providing financial solutions for the digital age (wealth management, investment, trading, and advisory services), has today ...
New 13-member Hong Kong task force set up as part of efforts to boost turnover of sluggish stock market
Group will comprehensively review stock market liquidity, including scrutinising the listing regime, market structure and trading mechanism.
China’s largest bank trading near record low valuation on margin woes
China’s biggest lender is likely to report slower earnings growth, dragged by weak margins and fee income, according to Bloomberg Intelligence analyst Francis Chan.