Tag: banking

HSBC said it would withdraw from US mass market retail banking by selling some parts of its business and winding down others. Europe's ... ( read original story ...)

Fitch Ratings has upgraded Bank of China Limited's (BOC) Viability Rating (VR) to 'bbb' from 'bb+'. Fitch also affirme ... ( read original story ...)

With ironic timing, the management at Hong Kong’s public broadcaster Radio Television Hong Kong (RTHK) chose May 3—World Press Freedom Day—to initiate a spate of actions that flew in the face of the ... ( read original story ...)

Fitch Ratings has affirmed Power Finance Corporation Limited's (PFC) Long-Term Issuer Default Rating (IDR) at 'BBB-'. The Outlook is Negative, in line with that on the India sovereign (BBB-/Negative). ( read original story ...)

The resolutions seek to raise the maximum amount of borrowings under the Government Bond Programme from $200 billion to $300 billion, and that under the Government Green Bond Programme (GGBP) from ... ( read original story ...)

Chinese gaming giant NetEase Inc.’s music streaming arm has filed for an initial public offering in Hong Kong as the Tencent Holdings Ltd. rival ratchets up competition in online content. ( read original story ...)

Hong Kong shares closed at a near four-week high on Wednesday, led by tech and property stocks, as a strong yuan and U.S. Federal Reserve's dovish monetary policy stance soothed inflation concerns. ( read original story ...)

Hong Kong’s increasing focus on new-economy and high-tech financing has kept the stock exchange resilient through the coronavirus pandemic. ( read original story ...)

The local securities regulator is intensifying its efforts to tackle misconduct and improper behaviour related to new listings. ( read original story ...)

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had advanced almost 880 ... ( read original story ...)

The prediction was vintage Jack Ma, as provocative as it was prescient.“This is the era of the internet,” the Chinese billionaire proclaimed in October 2013, just weeks after his plan to take Alibaba ... ( read original story ...)

Back to Hong Kong where we are now, our financial markets have also weathered the storm and are performing exceptionally well. On the listed equity side, funds raised through IPO were more than US$17 ... ( read original story ...)

Carrie Lam, chief executive of the Hong Kong Special Administrative Region (HKSAR), said on Tuesday that there is no obvious capital outflow witnessed in Hong Kong. Lam told the media before attending ... ( read original story ...)

JD.com will launch an IPO for its delivery arm JD Logistics public in Hong Kong on 28 May - here’s everything you need to know ... ( read original story ...)