Tag: finance

One of Hong Kong’s most popular investment strategies -- borrow big and plow the money into a red-hot IPO -- is starting to fail, just as the city prepares to host Xiaomi Corp.’s $10 billion listing. Ping An Healthcare & Technology Co.’s initial ... ( read original story ...)

Hong Kong stocks closed the midday session higher on Tuesday, after tech companies surged following a rebound in Apple shares in the US overnight. Chinese financials and carmakers were also boosted in line with gains in the mainland market. The Hang Seng ... ( read original story ...)

One of Hong Kong’s most popular investment strategies -- borrow big and plow the money into a red-hot IPO -- is starting to fail, just as the city prepares to host Xiaomi Corp.’s $10 billion listing. Ping An Healthcare & Technology Co.’s initial ... ( read original story ...)

Shares of some other technology-related companies that floated recently have been weak in Hong Kong. ZhongAn Online P & C Insurance Co recently dropped below its IPO price. China Literature, which soared on its debut last year, has been declining and is ... ( read original story ...)

Although some big players in Hong Kong such as HSBC, Hang Seng Bank and Standard Chartered are using AI technology such as chatbots to serve their customers, this is just scratching the surface. Say hi to Amy. She and other HSBC bots are about to change ... ( read original story ...)

HONG KONG/LONDON (Reuters) - HSBC’s (HSBA.L) new chief executive sought to mollify investors with a share buyback of up to $2 billion, as the bank reported on Friday an unexpected 4 percent drop in first-quarter pre-tax profit due to a surge in spending. ( read original story ...)

The Hang Seng Bank (0011) today declared the first interim dividend of HK$1.3 per share for the year ending December 31, 2018, according to a filing to Hong Kong stock exchange. The dividend will be payable on June 7. ... ( read original story ...)

Hong Kong shares were lower in early action on Friday morning ... China Construction Bank lost 0.6 per cent to HK$8.03 and HSBC declined 0.8 per cent to HK$77.05. Hang Seng Bank also lost 1.2 per cent to HK$198.40. Meanwhile, AIA added 1.5 per cent ... ( read original story ...)

HONG KONG/LONDON (Reuters) - HSBC Holdings PLC (LSE:HSBA.L - News) posted on Friday an unexpected 4 percent drop in first-quarter pre-tax profit due to a surge in investments, missing estimates, and announced plans to initiate a new share buyback of up to ... ( read original story ...)

HONG KONG (AP) - Global bank HSBC said Friday it's launching its latest multibillion-dollar share buyback, as it released its first quarterly earnings report under its new chief executive, John Flint. The bank said that the buyback of up to $2 billion in ... ( read original story ...)

HONG KONG—HSBC Holdings PLC’s first-quarter profit dropped 1.3% from a year ago as it set aside money for potential legal liabilities, including its role in the sale of mortgage-backed securities in 2007. Net profit for the January-March period stood ... ( read original story ...)

This targeted spending contributed to a rise in adjusted costs in the first three months of the year," HSBC's group chief executive, John Flint, said in a statement. The bank's Hong Kong-listed shares, a heavyweight on the benchmark Hang Seng Index ... ( read original story ...)

That pricing advantage means loans made by HSBC will be more competitive, profitable, or both. But with its mortgage and developer loans in Hong Kong growing at 16 percent last year, and advances to customers in mainland China expanding by 22 percent ... ( read original story ...)

Traders were not impressed with HSBC’s $2bn share buyback, with the stock dropping as much as 2.7 per cent in Hong Kong on Friday as the bank revealed rising costs in its first quarter. HSBC said on Friday it would initiate the buyback soon — but that ... ( read original story ...)