The world's top financial institutions are increasingly cost sensitive and scrambling to integrate frontier AI models and fend off rising cyber threats.
HSBC chief warns of AI-driven job cuts, urges staff to adapt
Learn more HSBC Holdings CEO Georges Elhedery said AI will remove some positions while also leading to the creation of others, as he called on staff to adjust to the change rather than push back ...
Don’t fight AI, HSBC CEO tells staff as banks begin job cuts
By Lawrence White and Selena Li LONDON/HONG KONG, May 20 (Reuters) - HSBC appealed to staff not to fight AI on Wednesday, saying it would destroy jobs while creating new ones, as banking rival ...
Hong Kong minister touts gold as ‘bridge between conventional and new finance’
Treasury chief Christopher Hui also says city opted against separate regulatory authority for digital assets to support ‘convergence’.
Banking on Hong Kong
China’s big state banks ARE eager to flex their muscles on the global stage, as Industrial and Commercial Bank of China demonstrated last year with its $5.6 billion purchase of a 20 percent stake in ...
HSBC’s CEO says AI will both create and destroy financial industry jobs
Georges Elhedery says HSBC is focused on embracing future challenges, while analysts warn of 7,000 job losses at Standard Chartered by 2030 HSBC's top boss says artificial intelligence will both ...
Chinese High-End Manufacturing Firm Shanghai Top Numerical Control Soars in Hong Kong IPO Debut
Chinese advanced manufacturing toolmaker Shanghai Top Numerical Control Technology surged in its Hong Kong trading debut, as investors continued to be cheered by the boom in the country's technology ...
HSBC CEO says AI will destroy and create new jobs, urges staff to embrace change
By Selena Li HONG KONG, May 20 (Reuters) - HSBC Chief Executive Georges Elhedery said on Wednesday AI would destroy and create certain jobs in the financial industry, and the bank was retraining its ...
Hong Kong draws foreign IPO filings from outside China as Blockdaemon tests crypto listing path
Around 10 foreign firms have filed for listing in Hong Kong this year, covering everything from biotech to blockchain infrastructure, according to an executive at HKEX. Should all the transactions go ...
Hong Kong market surge, geopolitics drive ‘fear of missing out’ among French investors
Finance chief Paul Chan says the shift is fuelled by city’s strong market performance and an improved geopolitical situation, especially following Xi-Trump summit.
Kazakhstan to deepen financial services cooperation with Hong Kong, consul says
Envoy Bauyrzhan Dosmanbetov attributes growth of local Kazakhstani community to Belt and Road Scholarship programme launched in 2016 Kazakhstan aims to deepen its financial services cooperation with ...
OCBC steps up wealth management push in Hong Kong
OCBC Hong Kong expects its 2026 wealth income to grow five-fold from 2023 levels. Read more at straitstimes.com. Read more at straitstimes.com.
Club Med IPO Could Raise At Least $500 Million
Fosun International (FOSUY) may be setting the stage for a major Hong Kong listing, with people familiar with the matter saying the company has selected BNP Paribas, HSBC and JPMorgan to work on a ...
Fosun plans Hong Kong IPO for Club Med that could raise over $500 million, source says
By Yantoultra Ngui SINGAPORE, May 19 (Reuters) - Chinese conglomerate Fosun International is planning to list its holiday resort operator Club Med in Hong Kong in a deal that could raise more than ...