HSBC has internally announced that its co-head of investment banking, Greg Guyett, will assume sole oversight of the bank’s entire advisory and trading division during the six-month sabbatical of his ... ( read original story ...)
German Cases Soar; Stranded Hong Kong Bankers: Virus Update
Germany reported record new coronavirus cases for the third straight day as the highly transmissible omicron variant swept through Europe’s biggest economy. The U.K. is set to abandon Covid passes ... ( read original story ...)
Hong Kong stocks slip as mainland China funds trim bets on Tencent, HKEX while investors await trade data
Mainland Chinese investors turned net sellers of Hong Kong-listed stocks on Thursday with Tencent, HKEX, Sunny Optical among those under pressure Hang Seng remains 3.3 per cent stronger from last ... ( read original story ...)
Shares of cruise operator Genting Hong Kong plunge more than 50% as it warns of defaults
Hong Kong-listed shares of cruise operator Genting plunged more than 50% after it announced that it may not be able to pay its debts and other obligations. ( read original story ...)
Hong Kong activist on bail rearrested for remarks ‘endangering national security’
A Hong Kong pro-democracy activist was rearrested on suspicion of making remarks endangering national security after being released on bail last year in a case in which he faces charges of "conspiracy ... ( read original story ...)
Hong Kong airport authority kicks off greenwashing debate with landmark issue
A ‘remarkable’ global dollar bond from Airport Authority Hong Kong raises the question of whether any member of the aviation sector should include a green tranche within its funding structure. ( read original story ...)
Bank of China Released Report on Global Asset Allocation Strategy: A-shares and H-shares are Recommended
NEW YORK, NY / ACCESSWIRE / January 13, 2022 / Bank of China (SEHK:3988) released the Report on Global Asset Allocation Strate ... ( read original story ...)
HSBC, Bank of China at multi-month highs show fund managers love banking stocks as margins, dividends add to gloss
Banking stocks are quietly rallying while technology companies grab the headlines, with market leaders like HSBC Holdings and Bank of China (Hong Kong) surging to multi-month highs in the opening days ... ( read original story ...)
Hong Kong’s central bank unveils plans for new crypto regulation in July 2022
The Hong Kong Monetary Authority has unveiled plans for a new regulatory regime, revealing ties with crypto hub Singapore. The de facto central bank would implement the regulation in stablecoins, ... ( read original story ...)
Chinese restaurant supplier Meicai cuts 40% more jobs ahead of Hong Kong IPO: report
Meicai, a Chinese app that supplies farm-to-table produce for restaurants, is starting a new round of layoffs which will affect around 40% of the company’s workforce, Chinese media outlet iFeng ... ( read original story ...)
Omicron: Hong Kong faces new Covid-19 cluster linked to hotpot restaurant as more infections tied to bank outbreak surface
In North Point, 14 households ordered to leave Maple Gardens Phase Three after experts detect vertical transmission of virus Fears of a new Covid-19 cluster linked to a hotpot restaurant have surfaced ... ( read original story ...)
HSBC Hong Kong Hits Developer With $5M Swaps Suit
HSBC's Hong Kong subsidiary has hit a property development company with a lawsuit in London as the bank seeks to claw back more than $4.6 million it says it is owed from swaps and derivatives ... ( read original story ...)
Hong Kong Monetary Authority Calls Stablecoins Crypto’s Greatest Threat
Hong Kong’s banking regulator is looking hardest at payments-related stablecoins when it comes to regulating cryptocurrencies. ( read original story ...)
HSBC rolls out first sustainability-linked trade finance deal in Hong Kong
HSBC has arranged a trade facility for multinational garment manufacturing company Epic Group that it says is its first sustainability-linked trade finance transaction in Hong Kong. The proceeds will ... ( read original story ...)