Tag: finance

Hong Kong stocks fell for a second day, trimming a monthly advance, on mounting concern that bad loans at Chinese banks will increase after Bank of China reported worse-than-expected earnings growth and official data showed China’s manufacturing ... ( read original story ...)

Bank of China Ltd. shares slumped the most in almost four months in Hong Kong after the lender failed to report the same improvements in asset quality as its rivals. The stock lost 3.2 percent to HK$3.90 as of 11:16 a.m. local time, paring its rally this ... ( read original story ...)

The need for experts in asset management and private banking has prompted the opening of a new course at the University of Hong Kong. The bachelor of finance program is the first of its kind in Asia.Program coordinator and admissions tutor Anna Wong Wai ... ( read original story ...)

Razer, the equipment maker for computer gamers, backed by Intel and Hong Kong’s wealthiest man Li Ka-shing, has launched an initial public offering in the city, aiming to raise up to raise HK$4.3 billion (US$550 million) to fund its acquisitions and ... ( read original story ...)

"Our international network continued to deliver strong growth ... and our pivot to Asia is driving higher returns and lending growth, particularly in Hong Kong," HSBC Group Chief Executive Stuart Gulliver said in the statement. HSBC saw return on equity ... ( read original story ...)

HONG KONG (Reuters) - HSBC reported rising costs on Monday, sending its shares one percent lower and taking the shine off a better-than-expected quarterly profit driven by the Asian business that the bank has put at the heart of its growth plans. ( read original story ...)

particularly in Hong Kong”. HSBC had previously been struggling to generate revenue growth. However, analysts said the bank’s adjusted quarterly operating costs of $7.8bn for the third quarter were higher than expected, which the bank blamed on ... ( read original story ...)

"Our global network continued to deliver strong growth ... and our pivot to Asia is driving higher returns and lending growth, particularly in Hong Kong", HSBC Group Chief Executive Stuart Gulliver said in the statement. HSBC earlier this month chose ... ( read original story ...)

HSBC headquarters is seen at the financial Central district in Hong Kong, China September 6, 2017. REUTERS/Bobby Yip Third quarter pre-tax profit up over 400% to $4.6 billion. HSBC boosted by expansion in Asia. HONG KONG, Oct 30 (Reuters) - HSBC Holdings ... ( read original story ...)

Common equity tier 1 ratio at 14.6 pct at end-Sept * CEO says pivot to Asia driving higher returns (Adds details on Asia business, operating expenses, context, stock price) HONG KONG, Oct 30 (Reuters) - HSBC Holdings PLC on Monday signalled its pivot to ... ( read original story ...)

"Our worldwide network continued to deliver strong growth ... and our pivot to Asia is driving higher returns and lending growth, particularly in Hong Kong", HSBC Group Chief Executive Stuart Gulliver said in the statement. Saudis to allow women into ... ( read original story ...)

Quarterly revenue rose 36.4% on-year to $12.98 billion. HSBC highlighted strong performance from its worldwide network and good contributions from its Hong Kong and Asia businesses. Asia account for 87% of HSBC's pre-tax profit as it boosted growth in ... ( read original story ...)

Hong Kong initial public offering, IFR reported on Friday, citing people close to the deal. The company, which is based in Singapore and the United States, will offer shares in an indicative range of HK$2.93 to HK$4.00 each, added IFR, a Thomson Reuters ... ( read original story ...)

SHANGHAI, Oct 30 (Reuters) - China's major indexes fell on Monday morning, dented by expectations of a new wave of initial public offerings and by profit-taking in consumer firms. The CSI300 index was down 0.3 percent, to 4,009.78 points at the end of the ... ( read original story ...)