Tag: finance

Outgoing HSBC Group chief executive Stuart Gulliver drew a salary package of £6.08 million (HK$66.05 million) in 2017, compared with £5.67 million in the year before. The package includes a base salary of £1.25 million and an annual bonus of £2.12 ... ( read original story ...)

Profit before tax up 13% to HK$115,619m (HK$102,707m in 2016) Attributable profit up 13% to HK$88,530m (HK$78,646m in 2016) Return on average ordinary shareholders' equity of 13.7% (13.0% in 2016) Total assets up 5% to HK$7,943bn (HK$7,549bn at 31 December ... ( read original story ...)

It also has a museum area that will tell the history of Hong Kong’s stock market, which started trading in 1891. ‘Red debut’: HSBC and Hang Seng Bank results expected to lead stocks up on first day of Year of the Dog The connect hall has been built ... ( read original story ...)

HSBC, Hong Kong’s largest bank, will report a slight increase in its full-year profit on Tuesday, analysts said, as rising interest rates push its revenue higher, particularly in Hong Kong. A poll of analysts by Thomson Reuters expects the bank to post a ... ( read original story ...)

It is budget time. In what has become an annual ritual, the financial secretary has urged the public to give him ideas for a good financial plan of action. And, Paul Chan Mo-po is right: this year, more than ever, he can afford to be bold and creative. ( read original story ...)

MUMBAI: Hong Kong’s central bank, the Hong Kong Monetary Authority, has begun questioning branches of Indian banks located there about the developments involving the Rs 11,300-crore Punjab National Bank fraud, said two senior bank officials who did not ... ( read original story ...)

Hang Seng Bank, Hong Kong’s third-largest bank by assets, is expected to report strong growth in its 2017 profit on Tuesday thanks to improved interest rate income, amid stronger profits for Hong Kong banks across the board. A poll of analysts conducted ... ( read original story ...)

New Delhi, Feb 17 (IANS) The only foreign bank affected in Nirav Modi/Mehul Choksi fraud case turns out to be Intesa Sanpaolo SPA whose Hong Kong branch was called upon to provide money to Gitanjali Gems against a foreign letter of credi (FLC) issued by ... ( read original story ...)

New Delhi, Feb 17 (IANS) The only foreign bank affected in Nirav Modi/Mehul Choksi fraud case turns out to be Intesa Sanpaolo SPA whose Hong Kong branch was called upon to provide money to Gitanjali Gems against a foreign letter of credi (FLC) issued by ... ( read original story ...)

according to the Hong Kong Monetary Authority. What is changing is that some bank customers are willing to accept notes that are not newly printed, with about half ready to accept used banknotes in good condition for their lai see packets. “Since 2006 ... ( read original story ...)

HONG KONG, CHINA -- February 15, 2018 -Citi Hong Kong was named "Digital Bank of the Year" and swept top awards across every banking category at The Asset Triple A Digital Awards 2017 in Hong Kong. The Citi Mobile App has earned Citi numerous accolades ... ( read original story ...)

NEW DELHI: The Reserve Bank and the Sebi are likely to approach their counterparts in Hong Kong for cooperation in the matter relating to the whopping over Rs 11,000 crore fraud at public sector lender PNB where several entities have come under the scanner ... ( read original story ...)

In order to keep up with fintech development, Hong Kong’s de facto central bank last week issued a draft of the updated version of the guideline for public consultation. Some of the rules remain unchanged. For example, virtual banks looking to set up ... ( read original story ...)

counting the cash and banking it. “It’s also less troublesome and safer as you don’t need to bring that much money around in your purse.” She admitted that it would be hard to set the trend in conservative Hong Kong. “It’s a bit difficult to ... ( read original story ...)