Chinese insurance giant Ping An, which has an 8 per cent stake, has told executives it wants to see the bank spin off its Asian business into a separate entity listed on the Hong Kong stock market. ( read original story ...)
HSBC’s top shareholder calls for banking giant’s break-up – source
Reuters reported last year that Beijing had grown disenchanted with HSBC over sensitive domestic and international legal and political issues, from China's crackdown in Hong Kong to the U.S. ( read original story ...)
HSBC’s Largest Shareholder Supports Breakup of Europe’s Largest Bank
Co. has held discussions with the bank on the idea of spinning off HSBC’s Asian operations and listing them separately in Hong Kong, according to people familiar with the matter. The shareholder ... ( read original story ...)
Bank branches continue to decline as more lenders go digital amid pandemic but city’s elderly mean they will not disappear entirely
One day in early March, Cheung Tin-sang found that the Hang Seng Bank branch near his office in Hong Kong’s Sheung Wan area was closed. Unperturbed, the octogenarian walked 15 minutes to another ... ( read original story ...)
Hong Kong deposits, loans rise in first quarter but loans for stock investment fall amid IPO slump, HKMA data shows
The increase in deposits and loans showed that the city's financial activities have not been affected by the widespread closure of bank branches during the first quarter. Hong Kong's 20 major lenders ... ( read original story ...)
HSBC’s biggest investor calls for bank to be split up
It would bring an end to the bank’s 157-year history as a lender straddling both Europe and Asia, leaving it to focus on its most profitable businesses in the Chinese mainland and Hong Kong. The bank ... ( read original story ...)
China’s biggest insurer Ping An calls for break-up of HSBC
HSBC’s largest shareholder ... Ping An has argued that an independent Asia business listed in Hong Kong would have higher profitability, lower capital requirements and greater local management control ... ( read original story ...)
Climate activists disrupt HSBC’s annual meeting over net-zero policies, sing parody of ABBA’s ‘Money, Money, Money’
We are particularly focused on supporting our carbon intensive clients to do this." HSBC, one of Hong Kong's three currency-issuing banks, has said it would provide up to US$1 trillion in transition ... ( read original story ...)
HSBC’s Top Holder Ping An Supports Push to Break Up Bank
Ping An Insurance (Group) Co. has held discussions with the bank on the idea of spinning off HSBC’s Asian operations and listing the operations separately in Hong Kong, according to people familiar ... ( read original story ...)
Hong Kong’s Next Leader Touts City’s Global Role but No Policy on Reopening
including boosting Hong Kong’s competitiveness as an international city with access to mainland China’s markets. One thing he didn’t offer was a road map for the financial center to emerge from its ... ( read original story ...)
Hong Kong Fintech Unicorn Looks To Raise Up To $150 Million In Yet Another Funding Round: Bloomberg
Airwallex, a fintech unicorn headquartered in Hong Kong backed by the likes of Tencent and Li Ka-shing ... 1835i Ventures (formerly Australia and New Zealand Banking Group’s innovation unit) and ... ( read original story ...)
Tiger Bank leads successful real-world professionals into the world of Web3 The actual exchange of assets in the virtual world for real resources
HONG KONG SAR – Media OutReach – 29 April 2022 – Tiger Bank announced a brand new NFT project that is friendly for all novices to NFT world. This project will guide beginners to understand NFT and ... ( read original story ...)
Short Interest in BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY) Drops By 52.6%
BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY – Get Rating) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 3,700 shares, ... ( read original story ...)
Hong Kong’s likely leader pledges to “solidify” its international role
HONG KONG, April 29 (Reuters) - Hong Kong's sole candidate to become ... Lee will take over the Chinese-ruled city amid growing concern in the financial community that its role as an international hub ... ( read original story ...)