The London-headquartered bank beat expectations on a bumper result from its wealth-management arm as it launched another $3 billion share-buyback plan ...
HSBC offers $3 billion buyback as wealth income offsets rate cut anxiety
HSBC Holdings reported a slight decline of 0.4% in first-half profit on Wednesday but still beat analyst estimates, as its businesses benefited from higher interest rates worldwide while robust growth ...
Hong Kong regulators, banks struggle to contain damage from financial fraud
After phone calls that totalled four hours, Lee found herself poorer by HK$570,000. Lee was the victim of a phone scam. In Britain, this type Authorised Push Payment (APP) fraud will compel the bank ...
Xi’s Letter to Hong Kong Entrepreneurs Seen as Boost for City
(Bloomberg) -- President Xi Jinping called on Hong Kong entrepreneurs to boost China’s development in a letter the financial hub’s business community welcomed as a sign of encouragement. Most Read ...
Going for an IPO: which agents are publicly listed?
The PIE looks at the fortunes of student recruitment companies who have successfully floated on the stock market or are planning to do so.
Hong Kong senior officials vow to solidify city’s status as global financial hub amid opening-up efforts
With its strengths in banking, capital markets and asset management, Hong Kong provides an all-encompassing and high-quality financial platform for investors, financiers, asset managers, funds and ...
Hang Seng Bank’s profits up 1% to HK$11.3b in H1
Total capital returns to shareholders– including a HK$3b share buy-back– has risen 80%, to HK$7.6b, according to Hang Seng Bank. Hang Seng Bank’s CEO and executive director Diana Cesar expressed ...
{Block Trade}BOC HONG KONG: 2.77m shares, or HK$62.49m
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BOC HONG KONG Keeps HKD Interest Rates Unchanged
BOC HONG KONG (02388.HK) announced that its Hong Kong Dollar prime rate and call deposit rate remain unchanged at 5.875% p.a. and 0.875% p.a. respectively. Related News HSI Closes ...
Hong Kong widens net to snare fraudsters as losses from online scams surge
Hong Kong will extend anti-fraud measures to internet banking and physical branch transactions amid a rise in online scams in the city.
Hong Kong government slams Forbes magazine commentary that attacks city’s ‘risky’ economy
City authorities reject 'misleading' article which cites report by 'anti-China' Committee for Freedom in Hong Kong Foundation The Hong Kong government has hit back at a commentary published in a major ...
Hong Kong central bank keeps base rate unchanged as Fed holds steady
THE Hong Kong Monetary Authority (HKMA) left the base rate it charges through the overnight discount window at 5.75 per cent on Thursday (Aug 1), after the US Federal Reserve held its rates steady.
Burnishing its economic credentials, Hong Kong appeals to more people with growing vitality
A stainless steel sculpture, situated in Hong Kong Exchange Square, depicts two men playing Chinese martial arts and presents the Chinese philosophy ...
Hong Kong shares open slightly lower after Fed meeting
The Hang Seng Index fell 16.75 points, or 0.1 percent, to open at 17,327.85 points on Thursday, following its 2 percent rise on Wednesday ahead of ...