HSBC has installed a Chinese Communist Party (CCP) committee for workers in its investment banking unit in the country amid escalating tensions between Beijing and the West. The bank's subsidiary HSBC ... ( read original story ...)
HSBC confirms staff in China unit set up branch of China’s Communist Party
HSBC Holdings Plc (LON: HSBA) said employees had formed a branch of China's Communist Party (CCP) within its securities brokerage unit in the country, following media reports on Thursday. HSBC said ... ( read original story ...)
Chinese Regulators Refund More Customers Caught in Alleged Rural Bank Fraud
Investigation finds collusion between Henan New Wealth and staff at five lenders to skim off deposits. ( read original story ...)
HSBC installs Communist Party committee in Chinese investment bank
HSBC’s move will pressure other foreign banks to follow suit and some have been examining whether they are required to do so after taking full ownership of their mainland securities and brokerage ... ( read original story ...)
HSBC installs Communist party committee in China brokerage unit – FT
HSBC Holdings Plc (LON: HSBA) has established a Chinese Communist party committee (CCP) within its securities brokerage unit in the country, Financial Times reported on Thursday, citing two people ... ( read original story ...)
As China’s Tech IPO Window Cracks Open, Investors See New Hope for ByteDance
Investors in ByteDance are getting more optimistic that one of the world’s most highly valued private companies can move toward an initial public offering, a development that comes after years of ... ( read original story ...)
Hong Kong to cut out lawyers’ role in mortgage transfers in pilot plan to protect buyers from insolvent legal firms
Hong Kong's de facto central bank will formally cut out law firms as the middlemen in the transfer of residential mortgage payments, as it establishes a pilot plan to make remittances easier, faster ... ( read original story ...)
HSBC Buys back Over 3.25M Shrs in HK, London Ytd for $159M
HSBC HOLDINGS (00005.HK) announced that it had repurchased a total of 3.2523 million shares in London and Hong Kong yesterday (19th), involving a total of approximately HKD159 million. HSBC ... ( read original story ...)
Didi To Resume Normal Operations, Hong Kong Volumes Plummet
Asian equities posted mixed results on light volumes as summer doldrums kicked in. The WSJ reported that “according to people familiar with the issue,” Didi will be fined $1B, ending its investigation ... ( read original story ...)
Is the Hang Seng correction just getting started?
Regulatory issues, the slumping housing market, a recessionary storm, and a potential Asian financial crisis are all on the horizon. ( read original story ...)
Swap Connect: A new milestone in China’s financial opening-up
The People's Bank of China (PBOC), the Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) on July 4 jointly announced a new mutual access program between the ... ( read original story ...)
DBS honoured as Best Bank in Hong Kong by four top-tier financial publications for the first time
DBS Hong Kong received four best bank awards for the first time, namely 'Hong Kong's Best Bank' from Euromoney's Awards for Excellence 2022, 'Hong Kong's Best International Bank' from Asiamoney's Best ... ( read original story ...)
‘My Worldview Has Been Destroyed’: Chinese Banking Scandal Tests Faith in the System
The disappearance of ordinary savers’ money, and the government’s seemingly indifferent response, could pose a major test for the Communist Party’s legitimacy. ( read original story ...)
China’s Henan bank crisis: Despite promises, banks fail to repay depositors
Despite promises that depositors in China Henan villages will get their frozen money back in batches with the first due on July 15 only a handful of deposito ... ( read original story ...)