Tag: banking

The London-headquartered bank, which makes most of its revenue in Asia, said its reported profit before tax rose to $5.8 billion. ( read original story ...)

Hong Kong’s finance executives got the city’s biggest bonuses in 2020, defying a pandemic that saw more than a third of respondents miss out on their incentive payments, according to a survey by KPMG. ( read original story ...)

HSBC’s pre-tax profit in the first quarter was US$5.8 billion, beating a consensus estimate of US$3.34 billion. ( read original story ...)

HSBC said on Tuesday that first-quarter profits more than doubled, helped by a reversal in credit losses as well as its ongoing restructuring and pivot to Asia. ( read original story ...)

HSBC Holdings' first-quarter profits soared as recovery from the coronavirus pandemic picked up pace and the bank clawed back funds set aside for bad debts. The U.K.-headquartered bank, which is ... ( read original story ...)

The London-based lender, which makes most of its profit in Hong Kong and mainland China, earned $3.88 billion in the first three months of the year, more than double last year’s amount. ( read original story ...)

The Civil Human Rights Front has been given until next Wednesday to provide information on its funding sources, expenses and related bank accounts. ( read original story ...)

A Baptist convention pastor who has led over 80,000 members of the Christian congregation has fled Hong Kong over safety concerns. ( read original story ...)

Bytedance is denying rumors it is going public, which is lifting its competitors in the online video space, including Kuaishou. The Wall Street Journal had an article on Bytedance’s move into games, ... ( read original story ...)

South Korea's battery material maker SK IE Technology (SKIET) plans to price its initial public offering (IPO) at the top end of its indicative range to raise more than 2.2 trillion won ($1.98 billion ... ( read original story ...)

"After a thorough study, we believe the company currently doesn't meet the conditions for a public listing," ByteDance said on Friday in a statement. Word circulated in recent weeks that ByteDance was ... ( read original story ...)

Ant Group has been working with China’s central bank on the country’s sovereign digital currency since 2017, according to information disclosed over the weekend. ( read original story ...)

CNY1.35 billion 2.85% fixed-rate notes due 2023 issued by BOC's Frankfurt branch -USD500 million 1.4% fixed-rate notes due 2026 and EUR500 million 0% fixed-rate notes due 2024 issued by BOC's ... ( read original story ...)

Sustainability experts are questioning if Hong Kong’s push to become an international “green finance” hub will help the city reach its targets, with half of its first US$1 billion (HK$7.8 billion) ... ( read original story ...)