Tag: banking

Investors can subscribe to the three-year, 2.5 per cent bond in minimum lots of HK$10,000 (US$1,275) online from many of the city's banks until 2pm on May 6 An initial tranche of HK$15 billion has ... ( read original story ...)

The Shanghai Composite and Hang Seng fall to where they'd first been in 2007 during the run-up of the bubble. Click here to know ... ( read original story ...)

HSBC has shelved plans for new stock buybacks this year after reporting an unexpected hit to its capital on Tuesday, as a cocktail of rising inflation, geopolitical tensions and economic weakness ... ( read original story ...)

Businesses have been forced to adjust their outlooks because of delays resulting from China’s zero-Covid ambitions, but ‘transport isn’t stopping’. ( read original story ...)

Although the Russia-Ukraine war has exacerbated inflationary pressures and increased economic uncertainty, the bank sees an improved ... ( read original story ...)

Swindler impersonating boss from company’s headquarters claimed funds were needed for acquisition purposes in emails sent in March. ( read original story ...)

Hong Kong Exchanges & Clearing Ltd. is among the worst-performing listed bourses worldwide this year as China’s extended corporate clampdown and pandemic-related woes have caused large initial public ... ( read original story ...)

HSBC said on Tuesday that first-quarter profits dropped nearly 30 percent owing to higher-than-expected credit losses and inflation but the Asia-focused lending giant remained upbeat about its ... ( read original story ...)

Pre-tax profit was US$4.2 billion, beating a consensus estimate of US$3.72 billion Operating income in its wealth business fell 19 per cent in the quarter HSBC, Europe's biggest bank by assets, said ... ( read original story ...)

Despite the rise of Chinese firms on Hong Kong listings, none of the most active was lead legal counsel on any of their listing transactions, Asia Legal Briefing author Jessica Seah writes. That job ... ( read original story ...)

The Hang Seng now rests just beneath the 19,870-point plateau although it's tipped to open in the green on Tuesday. The global forecast for the Asian markets is cautiously optimistic, with bargain ... ( read original story ...)

The dollar climbed to around a two-year high against the euro and an 18-month high versus the pound as fears about the economic impact of China's COVID-19 lockdowns and an aggressive pace of U.S. rate ... ( read original story ...)

An Asia-Pacific equity index eked out a gain amid calmer conditions on Chinese bourses compared with Monday’s plunge. Tech stocks in Hong Kong jumped. European futures added about 1% and US contracts ... ( read original story ...)

WeLab Bank has reportedly become the "first" digital bank in Hong Kong licensed "to offer digital wealth advisory services." ... ( read original story ...)