The Hong Kong government has added HSBC's PayMe and Bank of China (Hong Kong)'s BoC Pay in implementing the second phase of the consumption voucher scheme this year. There will be a total of six ... ( read original story ...)
HSBC shares set to open steady after top shareholder calls for bank’s break-up
SINGAPORE, May 3 (Reuters) - Shares in HSBC Holdings were set to open flat in Hong Kong trade on Tuesday after its largest shareholder, Chinese insurance giant Ping An (601318.SS), called for a ... ( read original story ...)
HSBC shares outperform after top shareholder calls for bank’s break-up
SINGAPORE (Reuters) -Shares in HSBC Holdings edged up in Hong Kong trade on Tuesday after its largest shareholder, Chinese insurance giant Ping An, called for a break-up of the London-based bank. ( read original story ...)
‘The worst is over’ for Hong Kong’s shops segment, with rents and prices to recover on better consumer sentiment
Hong Kong’s retail landlords bank on emerging concepts like art exhibitions, delivery-only kitchens to lease vacant shops Meanwhile, the city recorded 288 shop transactions in the first three months ... ( read original story ...)
HSBC and Ping An log early gains as investors await ‘debate’ about insurer’s push to split the bank’s Asia business for a Hong Kong listing
... HK$51.90 in recent transaction HSBC and Ping An Insurance Group logged early gains in Hong Kong trading amid a developing tussle between the city's largest bank and its biggest shareholder for a ... ( read original story ...)
Chinese threat to HSBC: It’s up to the board, regulators and shareholders to keep Beijing at arm’s length, says ALEX BRUMMER
The suppression of basic rights such as free expression has led to a slow erosion of commerce in Hong Kong and the exodus of 89,000 holders of UK overseas passports to Britain. At the Beijing ... ( read original story ...)
Hong Kong’s GDP Likely Contracted With Covid, China Lockdowns
(Bloomberg) --Hong Kong’s economy likely contracted in the first quarter as the city imposed tough Covid curbs and China’s worsening omicron outbreak of its own disrupted trade to the financial hub. ( read original story ...)
Magic Empire Global Limited Pursues $23 Million U.S. IPO
While high risk-tolerant day traders may have an interest in playing the IPO, as an investment opportunity, I’m on Hold for MEGL over the longer term. Hong Kong, China-based Magic Empire was ... ( read original story ...)
Chinese insurance giant Ping An calls for debate on HSBC’s future as it pushes potential break-up
Ping An Insurance Group made its first public statements about HSBC on Monday as it pushes for a potential break-up of the biggest of Hong Kong's currency-issuing banks. The Shenzhen-based company ... ( read original story ...)
Chinese Insurer Ping An, HSBC’s Top Shareholder, Turns Low-Key Activist
HONG KONG—China’s Ping An Insurance has quietly taken up the role of shareholder activist, putting pressure on HSBC to consider a shake-up that could reshape one of the world’s biggest financial ... ( read original story ...)
HSBC faces pressure to split global banking operations
Off late, HSBC has been criticised for supporting China’s crackdown in Hong Kong, when it froze pro-democracy activists’ accounts. “HSBC is in the least tenable position of any financial institution ... ( read original story ...)
End of easy money brings a $582b global financial shock
Hong Kong | The global shift away from easy money is poised to accelerate as a pandemic bond-buying blitz by central banks swings into reverse, threatening another shock to the world’s economies and ... ( read original story ...)
Admissions of past failings a good sign for Hong Kong’s future
Hong Kong's failure to contain the pandemic revealed a government ... Paper pushers literally failed at paper pushing. Financial Secretary Paul Chan Mo-Po recently warned Hongkongers that the economy ... ( read original story ...)
HSBC’s top shareholder calls for banking giant’s break-up
The executive was released last September. In 2016, the bank decided to keep its headquarters in London, rejecting the option of shifting its centre of gravity back to the main profit-generating hub ... ( read original story ...)