To wit, the Hang Seng Bank share price has climbed 61% in five years, easily topping the market return of 7.2% (ignoring dividends). On the other hand, the more recent gains haven't been so ... ( read original story ...)
HSBC plans more China tech jobs in push for market share
HONG KONG (Reuters) - HSBC Holdings PLC plans to add more than a 1,000 jobs this year at its technology development centers in China, as the Asia-focused lender seeks to bolster its presence in ... ( read original story ...)
Is Hong Kong Finance Group Limited’s (HKG:1273) CEO Pay Justified?
Dickson Tse became the CEO of Hong Kong Finance Group Limited (HKG:1273) in 2013. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of ... ( read original story ...)
Hong Kong’s HSBC-dominated banking landscape is set for a virtual revolution
In central Hong Kong, anyone can enter HSBC’s headquarters via an escalator. Rising through an opening, visitors will find themselves in the impressive atrium of the Norman Foster-designed building. ... ( read original story ...)
Xinyi Energy Raises $465 Million in Hong Kong IPO
(Bloomberg) -- Xinyi Energy Holdings Ltd., a Chinese solar farm operator, raised $465 million after pricing its Hong Kong initial public offering near the bottom of a marketed range, people with ... ( read original story ...)
HKUST and WeBank Launch First HK-Guangdong Joint Laboratory in Banking
HONG KONG, May 20, 2019 /PRNewswire/ -- On May 20, Hong Kong University of Science and Technology (HKUST) and WeBank Co. Ltd (WeBank) announced they are establishing the HKUST-WeBank Joint ... ( read original story ...)
Ping An’s OneConnect Gears up for Hong Kong IPO
Despite a challenging market for unicorns, Ping An’s fintech unit, OneConnect, has tapped several banks for a potential $1 billion IPO. According to Reuters, OneConnect has hired Goldman Sachs, JP ... ( read original story ...)
Hong Kong finance chief Paul Chan doubles down on 3 per cent growth projection despite dark clouds in US-China trade war
Hong Kong officials will maintain their projection for the city’s annual economic growth at about 3 per cent, despite increasing uncertainties caused by the US-China trade war, the city’s finance ... ( read original story ...)
Ping An’s OneConnect picks banks for up to $1 billion Hong Kong IPO: sources
HONG KONG (Reuters) - Ping An Insurance’s OneConnect financial technology unit has selected Goldman Sachs, JPMorgan and Morgan Stanley to work on its Hong Kong initial public offering (IPO) of up to ... ( read original story ...)
Minds are fixed on money in bank
The Hongkong and Shanghai Banking Corp has launched an account service designed for people living with dementia in Hong Kong.The HSBC Basic Banking Account with Independence is a savings account that ... ( read original story ...)
Starbucks’ China challenger Luckin raises $561 million in U.S. IPO
Haitong International and KeyBanc Capital Markets are among the banks underwriting the IPO. Reporting by Joshua Franklin and Harry Brumpton in New York, Julie Zhu in Hong Kong; Additional ... ( read original story ...)
Hong Kong Corruption Police Files Fraud Charges Against Cho
(Bloomberg) -- One of Hong Kong’s biggest financial regulatory investigations saw its first charges filed Thursday. Cho Kwai-chee, founder of the city’s largest private health-care group, was charged ... ( read original story ...)
HSBC first to offer dementia-friendly banking service in Hong Kong
The new account addresses the need for such services as between 20 to 30 per cent of Hong Kong residents over the age of 80 suffer from dementia disorders like Alzheimer’s HSBC has launched a basic ... ( read original story ...)
Huawei CFO’s extradition case may hinge on a fateful meeting with HSBC in a Hong Kong teahouse
The legal fate of Huawei Technologies Co.’s chief financial officer may hinge on a fateful meeting at a Hong Kong teahouse with an HSBC Holding Plc banker in 2013. Meng Wanzhou’s hefty legal team is ... ( read original story ...)