Hong Kong-based cryptocurrency payments platform RedotPay is reportedly planning an initial public offering (IPO) in the US. The company is aiming to raise more than $1bn through the listing, ...
HSBC on track to deliver cost savings six months early
HSBC has said it will not make further share buybacks until its capital ratios have improved following its $14bn privatisation of Hang Seng Bank, potentially extending its previous warning of a ...
HSBC lifts investment plan in Hong Kong, other high-growth markets to US$1.8 billion
HSBC’s pre-tax profit last year declined to US$29.9 billion from US$32.3 billion a year earlier, but beat analysts’ estimate of US$28.86 billion.
HSBC says capital ratios need to improve before it resumes buybacks
HSBC has said it will not make further share buybacks until its capital ratios have improved following its $14bn privatisation of Hang Seng Bank, potentially extending its previous warning of a ...
HSBC Lifts Earnings Target, Annual Profit Dips but Beats Estimates
HSBC said it was raising its target for return on tangible equity, a key measure of profitability for banks, to "17% or better" through 2028, up from its "mid-teens" target set for the three years ...
HSBC share price soars in Hong Kong as wealth unit boosts earnings
The HSBC share price jumped by over 3% in Hong Kong, reaching a high of $140, its highest level since February 11. It is nearing its all-time high of $141.5, up by 102% from its lowest level in April ...
Why Hong Kong remains a strategic financial base for high-net-worth Filipinos
For HNW Filipinos, Hong Kong’s appeal lies in the way its capital markets, innovation ecosystem, regulatory transparency and tax efficiency work together. Global economic conditions are evolving, but ...
HSBC logs decline in annual profit on impairments, raises key target
HSBC took subsidiary Hang Seng Bank private in a $13.7 billion deal last year. It said on Wednesday that their combined banking operations would target $900 million in pre-tax revenue and cost ...
HSBC annual pre-tax profit drops over 7%, revenue jumps as bank’s results top estimates
Europe's largest lender HSBC on Wednesday reported annual pre-tax profit of $29.91 billion, beating the bank's estimates.
HSBC’s 2025 profit falls 7% but beats estimates despite property woes, Madoff lawsuits
HSBC’s pre-tax profit last year declined to US$29.9 billion from US$32.3 billion a year earlier, but beat analysts’ estimate of US$28.86 billion.
HSBC full-year profit falls 7.4% but beats estimates
HONG KONG, Feb 25 (Reuters) - HSBC Holdings reported a 7.4% decline in full-year pretax profit on Wednesday. After an unusually strong 2024, Europe's largest bank posted a pretax profit of $29.9 ...
Understanding HIBOR: Hong Kong’s Interbank Rate Explained
Learn about HIBOR, the benchmark interest rate in Hong Kong for interbank lending; its functions, workings, and criticisms; and how it impacts financial markets.
Hong Kong Stablecoin Firm RedotPay Plans US Listing
Hong Kong Stablecoin firm RedotPay considers a major US IPO, seeking over $1 billion, signaling rising Wall Street support for stablecoin payment infrastructure growth.
Why China’s path to ‘financial superpower’ status could begin in Hong Kong
From the yuan's growth as a global currency to IPO funding to tokenisation, the city is a linchpin in Beijing's ambitions When Wilson Chan Fung-cheung joined Hong Kong's banking industry as a ...