Fears about the economic toll of China’s strict Covid-zero policy intensified, as news that lockdowns were spreading to Beijing sent stocks, commodities and the yuan tumbling. ( read original story ...)
HSBC stock is on the rise ahead of Q1 earnings despite China Covid impact
Covid curbs in China are likely to hit the bank’s sales when it reports first-quarter figures this week, but the shares seem to be gaining. ( read original story ...)
Didi’s Hong Kong listing hits snag as plan by China’s ride-hailing giant is on indefinite hold pending outcome of probes, sources say
Didi was notified that its relisting plan wouldn't receive a green light until it makes sufficient "rectifications" in accordance with probes conducted by regulators Without instructions from Chinese ... ( read original story ...)
Investors Fear Beijing Lockdown After Testing
Asian markets followed the US’ steep Friday sell-off lower as all markets closed down except for the Philippines, which gained +0.32%, and Australia, which was closed. ( read original story ...)
Chinese regulators urge more prudent IPO pricing after market debut flops
Chinese regulators have urged underwriters to price initial public offerings more reasonably after a third of more than 100 new listings so far this year fell on their trading debut. ( read original story ...)
China c. bank discusses asset disposals by property firms, sources say
China's central bank met banks last week to discuss the disposal of non-performing assets by property developers, four sources with knowledge of the matter said, as regulators seek to shore up the ... ( read original story ...)
Asian shares fall amid interest rate, earnings worries
Rising COVID-19 cases in China are setting off worries about more pandemic lockdowns that would crimp economic recoveries in the region. Other nations are also dealing with economic woes related to ... ( read original story ...)
HSBC Shareholder(s) Propose(s) to Split with Respective HK, UK HQ to Mitigate Risks: Report
With HSBC HOLDINGS (00005.HK) set to hold shareholder meeting on 29 April in London, a shareholder (or shareholders) proposed to the board of the group to split the bank into two separate units, in ... ( read original story ...)
Is the HSBC Share Price Too Cheap Ahead of Earnings
What is the outlook of the HSBC share price ahead of earnings? We explain whether the stock is too cheap and whether it is a buy or sell. ( read original story ...)
HK singer Eason Chan in panic mode after seeing ‘only’ RM21.7m left in his bank account
Hong Kong-born singer and actor Eason Chan has gone into panic mode after realising his bank account balance has shrunk to a mere US$5 million (RM21.7 million). The multi-Golden Melody Awards winner ... ( read original story ...)
WeLab Bank is Hong Kong’s 1st Virtual Bank to offer Digital Wealth Advisory Solutions
WeLab Bank (or "the Bank"), the virtual bank dedicated to curating intelligent banking experience, has become the first virtual bank in Hong Kong licensed to offer digital wealth advisory services. ( read original story ...)
Hong Kong’s economy improves in Q2 as COVID-19 infections drop
Hong Kong’s economy is showing steady improvement in the second quarter as the fifth wave of COVID-19 infections is gradually put under control, said Paul Chan, financial secretary of the Hong Kong ... ( read original story ...)
HSBC, Standard Chartered seen reporting earnings setback on Covid, Ukraine war fallout. Can they surprise the market?
HSBC and Standard Chartered will report their first quarter results this week. Investors are keen to see the impact on profitability from Covid-19 curbs and the Ukraine war. ( read original story ...)
HSBC Expands Private Banking To Shenzhen
HSBC has launched global private banking in Shenzhen, part of the UK/Hong Kong-listed group's plan to expand in the Greater Bay Area. The new offering will serve high net worth and ultra-HNW clients ... ( read original story ...)