Tag: banking

HONG KONG: HSBC on Monday said its Group Chief Executive John Flint had stepped down as the bank braces for geopolitical uncertainties. The announcement came as the banking giant reported pre-tax ... ( read original story ...)

HONG KONG/LONDON (Reuters) - HSBC (HSBA.L) reported on Monday its first-half pretax profit rose 15.9% and announced a further buyback of $1 billion, defying some analysts’ expectations it might pause ... ( read original story ...)

HSBC reported on Monday its first-half pretax profit rose 15.9per cent and announced a further buyback of US$1 billion, defying some analysts' expectations it might pause its strategy of returning ... ( read original story ...)

HSBC said on Monday that John Flint had abruptly stepped down ... Quinn previously served as regional head of commercial banking for Asia-Pacific out of Hong Kong. “I have agreed with the board that ... ( read original story ...)

to eight applicants. While the moves could provide momentum for the city’s financial industry, the HKMA should consider relaxing the capital requirements for virtual bank licensees and setting clear ... ( read original story ...)

Hong Kong is preparing for its first general strike in over 50 years on Monday as political unrest spreads following another weekend of sometimes violent protests. The planned strike, which organisers ... ( read original story ...)

Hong Kong on Saturday entered the second of four ... with unrest is growing in the Asian financial hub. Last week saw violent clashes downtown between riot police and demonstrators marching ... ( read original story ...)

Leung has completed 12 such works since 2017, each crafted using tens of thousands of coins, depicting iconic Hong Kong scenes with a nostalgic touch, such as the HSBC lion statues in Central and ... ( read original story ...)

Virtual banking in countries such as the United Kingdom, Japan and mainland China could help draw a picture of the sector in Hong Kong, where these lenders are expected to launch operations in the ... ( read original story ...)

UBS dramatically cut its economic growth forecast for Hong Kong, citing uncertainty surrounding the US-China trade war and protests that have disrupted business in the city since June. The Swiss bank ... ( read original story ...)

The three note-issuing banks - the Hongkong and Shanghai Banking Corporation, Hang Seng Bank (0011) and BOC Hong Kong (2388) - kept the prime rate unchanged at 5.125 perce... The Hong Kong Monetary ... ( read original story ...)

Hong Kong Exchanges and Clearing is going all out to retain its crown in the global IPO rankings. As Edith Lu reports, the SAR has set its sights on attracting enterprises in the Asia Pacific to list ... ( read original story ...)

(Bloomberg) -- Hong Kong finance staffers gathered in the city’s central ... near the offices of major firms including HSBC Holdings Plc, Goldman Sachs Group Inc. and Standard Chartered Plc. They ... ( read original story ...)

having a strong base in Hong Kong will be pretty compelling,” said CEO Huynh Thanh Phong, while discussing the potential for an initial public offering (IPO). Huynh refused to be drawn on the ... ( read original story ...)