Tag: banking

Hong Kong's Tracker Fund (TraHK) is poised to appoint a manager to replace State Street Global Advisors, a move aimed at mitigating the risk of letting the city's largest exchange-traded fund (ETF) ... ( read original story ...)

PAG has US$50 billion of assets under various investment strategies including credit, absolute return, real estate and buyout Co-founders to hold shares with 10 times more voting power over ordinary ... ( read original story ...)

Shares of U.S.-listed Chinese tech companies traded mixed in Hong Kong on Monday, while the Hang Seng Index recovered after a weak start. Stock Movement (+/-) Tencent Holdings Limited (OTC: TCEHY) +3. ( read original story ...)

The lender's first-quarter personal loan drawdowns are expected to jump 50 per cent from a year ago, despite having up to 70 per cent of branches closed HSBC is among 20 major local banks that ... ( read original story ...)

Hong Kong stocks opened Monday morning with small gains following a hefty loss at the end of last week, though Shanghai fell after officials announce ... ( read original story ...)

Hong Kong File photo. Hong Kong's economy is on course to contract in the first quarter of 2022, breaking a four-quarter run of recovery, but confidence in the economy remains, sa ... ( read original story ...)

Paul Chan predicts further rise in unemployment rate in first quarter of year Chan attributed economic contraction to a variety of factors, including fifth wave of coronavirus infections and ... ( read original story ...)

Hong Kong reported 8,037 new COVID-19 infections on Sunday and 151 deaths, the second day in a row below 10,000 cases. ( read original story ...)

The problems started with the bank's 'safeguard' review. It is demanding to see documents that we do not have. The information requests seem endless. ( read original story ...)

Hong Kong police have arrested eight people on suspicion of laundering more than HK$10 million (US$1.27 million) in crime proceeds from 30 fraud cases last year and producing fake banknotes. Police ... ( read original story ...)

HSBC is shunning prospective Russian clients and declining credit to some existing ones, two sources with knowledge of the matter told Reuters, as the bank seeks to shield itself from Western ... ( read original story ...)

Italian luxury yacht maker Ferretti Group has priced its shares at HK$22.88 each, the lower end of its proposed range, to raise HK$1.9 billion ($242.75 million) in its Hong Kong initial public ... ( read original story ...)

Ferretti SpA, the Italian luxury yacht builder whose backers include the Ferrari family, is telling prospective investors it plans to price its Hong Kong initial public offering near the bottom of a ... ( read original story ...)

PAG has filed for an initial public offering that could value the Asia-focused private equity firm at about $20 billion, people with knowledge of the matter said. ( read original story ...)