Hong Kong will dazzle as an international financial center as ... To spur investment and consumption, the People's Bank of China has lowered the reserve requirement ratio and the seven-day reverse ...
Atome Financial secures another US$200 mil syndicated credit facility from HSBC
The fintech group had secured a US$100 million facility from HSBC in 2022 to expand its payments business across Asia.
Hong Kong stocks fall after 2 days as China refrains from cutting key lending rates
Alibaba Group Holding slipped 1.1 per cent to HK$84.30 and Hong Kong Exchanges and Clearing lost 1 per cent to HK$297.60. The one-year loan prime rate (LPR) for November was kept unchanged at 3.10 per ...
HSBC, Cathay Pacific, EcoCeres join forces on Hong Kong sustainable aviation fuel push
HSBC has signed Hong Kong’s first deal for the corporate purchase of sustainable aviation fuel (SAF) to cut its travel-related carbon emissions, ahead of government policies aimed at driving the use ...
Beijing pledges to open up markets, support Hong Kong amid geopolitical concerns
Beijing told top Wall Street executives on Tuesday that it will move ahead with capital market reforms and in the opening up of its financial sector for foreigners, while supporting Hong Kong in ...
HKEX CEO sees IPO pipeline ‘looking really good’ for Hong Kong after China signals support
Bonnie Chan, CEO of Hong Kong Exchange and Clearing, says that there is increasing interest to list in Hong Kong after China's securities regulator said in April that it will support the listing of ...
China’s vice premier vows to boost Hong Kong’s financial competitiveness, says stimulus push has ‘benefited’ the city
Chinese Vice Premier He Lifeng and several top financial policymakers have gathered at the third Global Financial Leaders Investment Summit.
Three-day Global Financial Leaders’ Investment Summit brings together senior Chinese officials and heads of banking giants
Three-day Global Financial Leaders’ Investment Summit brings together senior Chinese officials and heads of banking giants.
HSBC bankers told to reapply for jobs with hundreds facing the axe in major overhaul
Boss Georges Elhedery (pictured) is splitting the firm into four divisions: Hong Kong; UK; corporate and institutional banking; and international wealth and premier banking.
Asia-Pacific markets set to rise as China’s top financial officials gather in Hong Kong for summit
Li Yunze, the head of China's National Financial Regulatory Administration, will join Wu Qing, Chairman of the China Securities Regulatory Commission, and Zhu Hexin, Deputy Governor of the People's ...
HSBC reportedly asks middle managers to reapply for jobs as layoffs loom
The London-headquartered, Asia-focused bank is embarking on a major restructuring under its new CEO that will slash the number of senior roles.
A Singapore oil magnate faces prison in a major fraud case over financing trade
A Singapore oil magnate has been sentenced to 17.5 years in prison for fraud and forgery in a case that prosecutors said has tarnished the city-state’s reputation as Asia’s leading oil trading hub ...
BOC Hong Kong (Holdings) [SEHK:2388] Eyes Growth with AI Investments and Southeast Asia Expansion
BOC Hong Kong (Holdings)(SEHK:2388) has showcased remarkable financial performance with an 18% earnings growth, significantly outpacing the industry average. The company is leveraging its strong ...
HSBC to sack hundreds of top bankers in scramble to cut costs
HSBC is to lay off hundreds of top bankers as bosses scramble to cut costs and slim down the sprawling organisation.