Tag: banking

Summary Affluent individuals (including HNW and mass affluent individuals) accounted for almost 57% of the total adult population and held almost 94% of the country’s total onshore liquid assets in ... ( read original story ...)

Hibor, at 0.064 per cent on Monday, was already at its lowest since January 2010, according to data provided by the Hong Kong Association of Banks. It was also a hair’s breadth away from the record ... ( read original story ...)

The acquisition will give HSBC the eighth largest life insurer in Singapore, as well as a leading group health insurance firm, with assets of $474 million, according to a statement. ( read original story ...)

Shanghai HeartCare Medical Technology, a medical devices maker, is to price an IPO of up to HK$1.13bn (US$150m) at the maximum per share of HK$171, the upper end of the HK$160 – HK$171 per share ... ( read original story ...)

"at-above-post addthis_tool" data-url=" Anshuman Daga and Alun John SINGAPORE/HONG KONG (Reuters) -HSBC Holdings has agreed to acquire French insurer Axa’s Singapore assets for $575 million, part of ... ( read original story ...)

HSBC Holdings agreed to acquire French insurer Axa's Singapore assets for US$575 million, part of its strategy of scaling up its wealth-management business in Asia and boosting fee income. ( read original story ...)

HSBC has agreed to buy Axa’s insurance business in Singapore as Europe’s largest lender accelerates its investment in Asia as part of a years-long “pivot” to the region. The UK-based bank said on ... ( read original story ...)

The recent slump in video streaming giant Kuaishou Technology’s shares has awoken investors to the risk of expiring lockups for Hong Kong’s newly-listed stocks. ( read original story ...)

HSBC Holdings Plc agreed to buy AXA Singapore for $575 million in a push to build a global wealth hub in Singapore and fuel its expansion across Southeast Asia amid increasing tension in China. “This ... ( read original story ...)

China's central bank said on Monday it will auction two tranches of yuan-denominated bills in Hong Kong on August 20, as part of efforts to improve the yield curve in the city for the Chinese currency ... ( read original story ...)

Virtual banks, also called neobanks, primarily deliver retail banking services through the internet or other electronic channels instead of physical branches ... ( read original story ...)

Private expenditure experienced a 1½-year contraction but continues to improve since the beginning of 2021, financial secretary says. ( read original story ...)

Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said on Sunday that Hong Kong's economy will continue to improve with the support of the motherland's ... ( read original story ...)

The exodus from Hong Kong is very real. Estimates put the number of Hongkongers departing the city at 1,000 a day. More than 15,000 students have dropped out of the local educational system - though ... ( read original story ...)