Hong Kong stocks retreated after the market reopened following a holiday, as the fiscal stimulus unveiled by China’s finance ministry undershot investor expectations. The Hang Seng Index fell 0.4 per ...
HSBC HOLDINGS Buys Back ~8.23M Shrs in Total for $562M in 2 Days
HSBC HOLDINGS (00005.HK) repurchased a total of 8.2283 million shares in the UK and Hong Kong markets on last Thursday and Friday (10-11 Oct), involving a total amount of $562 million, according to ...
Hong Kong authorities reclaim 15,500 public rental flats in 2023-24 financial year
A fifth of recovered flats were a result from mandatory income and assets declarations, says Director of Housing Rosanna Law Hong Kong authorities reclaimed about 15,500 public rental flats in the ...
In charts: Hong Kong’s economy is struggling to recover lost ground
Falling rates and Chinese stimulus offer glimmers of hope but the financial hub’s property, tourism and retail sectors are still suffering ...
Hong Kong Banks Back Integrity Charter to Strengthen Anti-Corruption Efforts
The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) have expressed full support for the Banking Industry Integrity Charter introduced by the Independent Commission ...
HK’s Lee to Unveil Steps to Boost Financial Hub Role, SCMP Says
Hong Kong’s leader is set to announce measures to bolster the city’s standing as a global financial hub when he makes a key policy address next week, the South China Morning Post reported, citing ...
Hang Seng bank declares third interim dividend of HK$1.2 per share
The payment date is on 12 November 2024. Hang Seng Bank has declared a third interim dividend of HK$1.2 per share for the fiscal year of 2024. The payment date will be on 12 November 2024, the Hong ...
China Resources Beverage to launch up to $700 million IPO next week, sources say
Drinks maker China Resources Beverage is set to launch its Hong Kong initial public offering (IPO) next week, aiming to raise up to $700 million, said two people with direct knowledge of the matter, ...
HSBC cost cuts expose new CEO’s bigger problem
There’s always a case to be made for cost cuts at HSBC , . The $160 billion lender employed 214,000 people in June and arguably suffers from duplication across its different bits. Still, new CEO ...
Hong Kong Fintech Week: A Front Row Seat to the Future?
The details for one of the world's largest fintech events have been announced, where AI, blockchain and digital assets will be hot topics of conversation ...
HSBC targets senior bankers in cost-cutting plan
London | Hong Kong | HSBC chief executive Georges Elhedery plans to target the lender’s expensive layer of senior bankers in a cost-cutting restructure that will aim to save as much as $US300 million ...
Chinese Trading-Card Maker Kayou Is Said to Delay Hong Kong IPO Plans
Kayou, a Chinese maker of trading cards and stationery with animation themes, has pushed back its plan for an initial public offering in Hong Kong because it hasn’t received approval to list from ...
HSBC mulls up to $300 mln cost-cutting plan, targeting senior roles, says FT
HSBC , CEO Georges Elhedery is weighing cost-cutting measures that could save up to $300 million, targeting its senior bankers, the Financial Times reported on Thursday.
Hong Kong stocks rebound on PBOC’s US$70 billion finance facility, fiscal stimulus hopes
The Chinese central bank's liquidity boosting tool sparks a 3.2 per cent surge in Hong Kong's Hang Seng Index Hong Kong and Chinese stocks both rebounded from sell-offs after China's central bank ...