Tag: banking

The Financial Services & the Treasury Bureau today held a thematic sharing session at the Central Government Offices to foster a better understanding among government officials as well as members of ... ( read original story ...)

HSBC has backed a strict Covid elimination regime imposed by the Communist government in Hong Kong, despite warnings from other financial firms that it risks damaging the territory's international ... ( read original story ...)

Mainland-based Clover Biopharmaceuticals has started pitching investors for its up to HK$2.03bn ($260.5m) IPO, opening bookbuilding in Hong Kong on Monday. The company, which is developing a Covid-19 ... ( read original story ...)

HSBC, the biggest of Hong Kong’s three currency-issuing banks, said it would buy back US$2 billion in shares as its third-quarter profit beat analysts’ estimates, driven in part by release of reserves ... ( read original story ...)

HSBC is emerging from its coronavirus and restructuring troubles to become more reliably profitable, boss Noel Quinn said Monday. ( read original story ...)

In a statement to the Hong Kong stock exchange the banking giant reported pre-tax profit in July-September had jumped from $2.3 billion to $5.4 billion while profit after tax came in at $4.2 billion, ... ( read original story ...)

Reported pre-tax profit for the third quarter is forecast to jump 22.8% on year to $3.776 billion, according to analyst estimates compiled by HSBC. ( read original story ...)

The Negative Outlook on The Hongkong and Shanghai Banking Corporation Limited's (HKSB) Long-Term Issuer Default Rating (IDR) mirrors the Outl ... ( read original story ...)

In an open letter to Paul Chan, Hong Kong's financial secretary, on Monday, Asifma called for a clear roadmap for exiting the city's 'zero-case' Covid strategy. Among the top financial cities in the ... ( read original story ...)

Zhuhai Wanda Commercial Management Group, the property servicing arm of Dalian Wanda Group, has filed for a Hong Kong stock exchange listing and, according to Chinese media reports, is seeking to ... ( read original story ...)

A financial industry group warned on Monday that Hong Kong's zero-COVID policy and strict quarantine requirements for international travellers threatens to undermine the city's status as a financial ... ( read original story ...)

HSBC, Standard Chartered – two of Hong Kong’s biggest banks – previously said they have little to no direct exposure to troubled China Evergrande Group. ( read original story ...)

The Hong Kong Association of Banks with “input” from The Hong Kong Monetary Authority. Lenders operating in the city will need to report clients who they know or suspect are committing offenses ... ( read original story ...)

The HSBC (LON: HSBC) share price will be in focus on Monday morning as the company publishes its quarterly results. The stock has risen in the past six straight days and is trading at the highest it ... ( read original story ...)