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 ...
Asian markets track Wall St record as Hong Kong, Shanghai stabilise
Asian markets tracked a record day on Wall Street Thursday, with Shanghai and Hong Kong supported by a Chinese central bank move to boost liquidity for major stock-buyers. The gains led a rally across ...
Hong Kong stocks rebound from sell-offs on PBOC’s US$70 billion stock buying facility
The Chinese central bank’s liquidity boosting tool sparks a 2.5 per cent surge in Hong Kong’s Hang Seng Index.
2024 HKGFA Annual Forum – Financing Asia’s Net Zero Transition
Hong Kong Green Finance Association ("HKGFA") hosted its Seventh Annual Forum in Hong Kong today, with the theme "Financing Asia's Net Zero Transition." Over 1,500 participants from Hong Kong, ...
Hong Kong Shares Fall; Markets Await Details on China Fiscal Measures
The Hang Seng closed 1.4% lower after a choppy trading session, with investors now focused on the Chinese finance ministry’s media briefing on Saturday for further fiscal measures.
HSBC appoints Global Chief Investment Officer and Head of Investments for Global Insurance
HSBC has appointed William Chan as Global Chief Investment Officer and Head of Investments for Global Insurance with immediate effect.
China Finance Ministry Calls Press Briefing, Firing Up Stimulus Hopes
China’s finance ministry is set to hold a media briefing Saturday, reigniting expectations that Beijing is readying fiscal stimulus to boost the economy.
Hong Kong consumers struggle with bills and loans despite rising incomes, TransUnion says
Rising incomes in Hong Kong are not easing financial stress, with 25 per cent of people unable to pay bills fully.
DBS head of institutional banking group in Hong Kong to depart
DBS Group Holdings’ head of institutional banking group Hong Kong, Wallace Lam, will be leaving South-east Asia’s biggest lender, according to a spokesperson. Read more at The Business Times.