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Tag: finance

Posted on 29/08/2024

BOC HONG KONG (02388.HK) Proposes to Appoint EY as New Auditor

BOC HONG KONG (02388.HK) announced that the board of directors has resolved to propose the appointment of Ernst & Young (EY) as the company's auditor for FY24, subject to the approval of the ...

Posted on 29/08/2024

HSBC reveals senior leadership change ahead of new CEO next month

Matos' upcoming departure is one of several significant changes in its leadership on the eve of Georges Elhedery starting as the group's new chief executive.

Posted on 29/08/2024

HSBC head of wealth and personal banking to leave

Nuno Matos, HSBC’s head of wealth and personal banking who had been a leading contender to become chief executive, will leave the bank in a broader management shake-up as Georges Elhedery prepares to ...

Posted on 29/08/2024

Bank of America’s Leung Is Said to Join HK Tycoon Li’s CK Asset

Ken Leung, co-head of Bank of America Corp.’s financial sponsors group in Asia Pacific, has left to join Hong Kong conglomerate CK Asset Holdings Ltd., according to people familiar with the matter.

Posted on 29/08/2024

HSBC wealth CEO Matos steps down as bank unveils major executive shake-up

HSBC's CEO of Wealth and Personal Banking, Nuno Matos, is resigning to pursue other opportunities, the Asia-focused bank said on Thursday as it unveiled a significant shake-up in its leadership team ...

Posted on 29/08/2024

“A point of no return”: the fall of Stand News, Hong Kong’s once leading online media outlet

The Israeli military said on Thursday its troops killed five Palestinian fighters who were hiding inside a mosque in the West Bank city of Tulkarm, in one of the largest assaults on the occupied ...

Posted on 29/08/2024

Bank stocks drag China and Hong Kong shares lower

SHANGHAI: China and Hong Kong stocks dropped on Thursday, dragged by the financial sector following weak earnings at some lenders, and a correction in stock prices of some major state banks. China’s ...

Posted on 29/08/2024

Citigroup sees ‘confidence signals’ in Hong Kong IPOs amid backlog, bond market optimism

Hong Kong’s initial public offering (IPO) market is set to revive amid growing signs of recovery, including investor confidence embedded in the convertible bond market and a large pool of listing ...

Posted on 29/08/2024

HSBC HOLDINGS Buys back ~6.2M Shrs for HKD422M in Total Ytd

HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 6.1955 million shares of the company yesterday (28th) in the UK and Hong Kong markets for a total of HKD422 million. Among which, HSBC ...

Posted on 29/08/2024

Hong Kong’s Top Undervalued Small Caps With Insider Action For August 2024

As global markets react to anticipated interest rate cuts by the Federal Reserve, Hong Kong's small-cap stocks are drawing increased attention from investors. In this environment, identifying ...

Posted on 29/08/2024

Undiscovered Gems In Hong Kong To Watch August 2024

Amid this favorable environment for smaller companies, Hong Kong's market presents intriguing opportunities for investors seeking undiscovered gems. In this context, identifying promising stocks ...

Posted on 29/08/2024

HashKey adds AVA and LINK trading for Hong Kong retail investors

Professional investors — individuals with a portfolio worth at least 8 million Hong Kong dollars (slightly more than $1 million) or representatives of financial institutions — have a much wider ...

Posted on 29/08/2024

Late resignations, lack of scepticism tarnish Hong Kong auditors’ credibility: regulator

The regulator received a record 190 complaints for the financial year ended March 31 and carried out 77 investigations Last-minute resignations and failure to recognise potential problems are the two ...

Posted on 29/08/2024

Hong Kong’s Project Ensemble sandbox ready to test asset tokenization

However, there was no sign of the BDF’s continuing participation. The Bank of China (Hong Kong), Hang Seng Bank, Hong Kong and Shanghai Banking Corporation (HSBC), Standard Chartered Hong Kong, ...

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