Hong Kong's Hang Seng led losses in Asia on Tuesday as South Korea's inflation rose. Consumer prices in South Korea rose 6.3% in July compared with the same period in 2021, official data showed on ... ( read original story ...)
HSBC shareholder starts group to rally support for Ping An break-up plan
Shareholder Ken Lui said a split would make it easier for HSBC to navigate the rising tension between China and the West. Read more at straitstimes.com. ( read original story ...)
HSBC’s Promises Won’t Satisfy Ping An for Long
The London- and Hong Kong-based bank is facing breakup calls driven by its largest shareholder, Ping An Insurance Group of China, with the aim of freeing the faster-growing Asian businesses from ... ( read original story ...)
HSBC rejects Ping An break-up call, promises higher dividend
HSBC pushed back on a proposal by top shareholder Ping An Insurance Group Co of China to split the lender, a move Europe's biggest bank said would be costly, while posting profits that beat ... ( read original story ...)
Hong Kong must have a plan to end quarantine if it is to keep international financial hub status, retain talent, fund managers say
"To maintain [Hong Kong's] status as an international financial centre, we need to be true to the label and be international. The ability to travel unfettered internationally is a basic ... ( read original story ...)
Hong Kong economy shrinks amid zero-Covid crackdown and business exodus
Hong Kong has been plunged into a year of economic decline after zero-Covid restrictions and a global trade slump took their toll on the former British territory. In a further sign that some of the ... ( read original story ...)
Hong Kong’s graft-buster charges senior fire services officer with fraud for allegedly swindling bank, corporation out of HK$7.8 million
Senior station officer at Fire Services Department has been accused of making false claims for a mortgage loan. ( read original story ...)
Country Style Cooking Refiles for Hong Kong IPO
By Claire Lim Chinese fast-food restaurant operator Country Style Cooking Restaurant Chain Holding Ltd. has updated its plans for a stock offering in ... ( read original story ...)
HSBC promises higher dividends to appease Hong Kong shareholders
HSBC has sought to defuse shareholder pressure to break up by lifting its profits forecast and promising to boost its shareholder payouts. The Asia-focused len ... ( read original story ...)
HSBC pushes back against calls to spin-off its Asian business
HSBC is headquartered in the UK but makes around two-thirds of its profits in Asia - and some big investors in that part of the world say they would do better if the bank's Asian business was separate ... ( read original story ...)
HSBC Shares Jump After Profit Rise and Vow to Restore Dividends
HSBC Holdings Plc shares rose after it delivered better-than-estimated profits and pledged to return to paying quarterly dividends next year as it seeks to head off a call by its largest shareholder ... ( read original story ...)
Hong Kong shares start week with small gain
Hong Kong stocks finished Monday slightly higher after three days of losses, boosted by bargain-buying and a rally in banking giant HSBC, though ... ( read original story ...)
HSBC rebuffs Ping An call for break-up, arguing it would be costly
HSBC pushed back on a proposal by top shareholder Ping An Insurance Group Co of China to split the lender, a move Europe's biggest bank said would be costly, while posting profit that beat ... ( read original story ...)
HSBC raises key profitability goal, seeking to rebuff Ping An call for break-up
HSBC sought to woo investors on Monday with a higher profitability target and bullish dividend outlook, as Europe's biggest bank pushed back on a proposal by top shareholder Ping ... ( read original story ...)