We are excited to announce the launch of the 2022 Global Bank Review: Banking on People. Surveying the current landscape of the financial sector in late 2022, it is hard to avoid the sense of an ... ( read original story ...)
Old Boys’ Club at Hong Kong Banking Summit Puts Women on Sidelines
As pandemic restrictions lift, indoor performances and dancing are back in Hong Kong. So is the finance world’s old boys club.Most Read from BloombergAdidas Cuts Ties With Ye, Absorbing €250 Million ... ( read original story ...)
China syndrome is a constant worry for HSBC
What HSBC boss Noel Quinn sees as opportunities are, for others, good reasons not to invest in his sprawling bank. It’s what comes with running an amorphous political football with a near-$3 trillion ... ( read original story ...)
Hong Kong stock market volatile but operations running smoothly, city leader John Lee says as shares bounce back
Chief executive speaking a day after the worst sell-off in stocks locally since the 2008 global financial crisis John Lee says he has a 'strong response plan' up his sleeve to counter different sorts ... ( read original story ...)
Analysis: HSBC’s direction in question after Elhedery’s sprint to CEO contender
Georges Elhedery's appointment as HSBC's chief financial officer caps a journey that's taken him from war-torn Lebanon to frontrunner for the top job at Europe's biggest bank. It’s also surprised ... ( read original story ...)
HSBC Makes Surprise Succession Move As Forecasts Hit Shares
HSBC named Georges Elhedery as its new chief financial officer on Tuesday in a surprise move that puts the former head of its investment bank in pole position to eventually succeed Noel Quinn as CEO. ( read original story ...)
Hong Kong Internet Stocks Bounce As Alibaba’s Singles Day Kicks Off
Hong Kong did better than a quick glance would reveal as the Hang Seng Index declined -0.1% while the Hang Seng Tech gained +2.96% led higher by internet stocks. Hong Kong’s most heavily traded by ... ( read original story ...)
HSBC sets aside $1.1bn for bad debts in wake of China property crash
HSBC has been forced to set aside $1.1bn (£970m) to cover bad debts in the wake of rising interest rates and a weak Chinese property market, prompting its share price to slump. The high street bank’s ... ( read original story ...)
2023 is ‘year of hope’ for Hong Kong, says Financial Secretary Paul Chan, as city vies to reclaim former status
Chan went all out to convince financial bigwigs gathered in Saudi Arabia that Hong Kong is clawing its way back to its pre-pandemic global hub status 'We had been out of touch with the rest of the ... ( read original story ...)
Phone scammers exploit Hong Kong public’s Covid-19 fears as more than HK$720 million stolen from victims in first nine months of year
Phone scammers steal HK$721 million in first 9 months of 2022 as total lost to fraudsters hits HK$3.3 billion People working from home and socially isolated under Covid rules ‘more vulnerable to ... ( read original story ...)
Hong Kong’s John Lee says ‘resilient’ stock market systems in place as Hang Seng Index falls to 13-year low
Hong Kong has “resilient” systems to cope with stock market volatility, Chief Executive John Lee has said, as the city’s Hang Seng Index plunged to a 13-year low a day after Chinese leader Xi Jinping ... ( read original story ...)
Hong Kong has always played the role of connecting the East and West, says stock exchange
Laura Cha, Hong Kong Exchange chair, speaks to CNBC's Dan Murphy at the Future Investment Initiative in Riyadh about Hong Kong's status as an "international financial center." ... ( read original story ...)
HSBC names new CFO as Q3 profits fall
HSBC on Tuesday named Georges Elhedery, a former head of its investment bank, as its new chief financial officer in a surprise move that leaves him ... ( read original story ...)
FTSE 100 seen slightly higher, HSBC falls in Hong Kong after results
Spread betting companies are calling London’s blue chip index up by around 11 points but shares in HSBC have fallen around 2.6% in Hong ... ( read original story ...)