Tag: finance

London-based multinational bank HSBC declined to step up scrutiny of its clients in Hong Kong after the US government decided to sanction some high-ranking officials from the Hong Kong Special ... ( read original story ...)

A New York federal judge held Monday that a group of California investors who alleged that HSBC Hong Kong aided a $37 million Ponzi scheme lacked jurisdiction to sue the bank and tossed the suit ... ( read original story ...)

Some banks in Hong Kong may be preparing to suspend the accounts of local government officials who were slapped with sanctions by the U.S. late last week. Bloomberg reported on Mo ... ( read original story ...)

Chinese hotpot ingredients supplier Guoquan is weighing an initial public offering as soon as next year, according to people with knowledge of the matter. ( read original story ...)

Results in First Half 2020 in line with expectation. Geopolitical events and pandemic puts the bank at a discounted price. ( read original story ...)

Banks operating in Hong Kong are stepping up scrutiny of their customers and at least one U.S. bank is moving to suspend accounts to avoid running afoul of U.S. sanctions slapped on city officials, ... ( read original story ...)

Banks operating in Hong Kong are stepping up scrutiny of their customers and at least one U.S. bank is moving to suspend accounts to avoid running afoul of U.S. sanctions slapped on city officials, ... ( read original story ...)

The Manulife group of companies operating in Hong Kong ("Manulife Hong Kong") today announced positive financial results for the second quarter and first half of 2020. Despite the challenges of ... ( read original story ...)

Beijing will let Baoshang Bank go under in the first such insolvency since 2001 – a quiet warning shot fired at Chinese financial markets. The liquidation of the municipal lender, used as a piggy bank ... ( read original story ...)

The Hong Kong stock market has moved lower in back-to-back trading days, sinking almost 600 points or 2.4 percent along the way. The Hang Seng Index now rests just above the 24,530-point plateau and ... ( read original story ...)

Hong Kong media mogul Jimmy Lai, one of the city's most vocal Beijing critics, was arrested Monday under a new national security law for colluding with foreign forces, deepening a crackdown on ... ( read original story ...)

Bank insiders say they are walking a tightrope between following US requirements and ensuring they comply with Hong Kong laws. ( read original story ...)

CK Asset, Wharf, Sun Hung Kai have all been affected, and prime office rents may drop 15% to 20% in 2020, an analyst says. ( read original story ...)

Working performers not always eligible for financial support from government, with venues such as bars not recognised under scheme. ( read original story ...)