Diana Cesar, CEO of HANG SENG BANK (00011.HK), said in a press conference for the interim results that HANG SENG BANK's non-performing loan (NPL) ratio increased by 2.49 ppts to 5.32% due to the ...
Hong Kong’s so-called upside-down home loans steady, but could rise if prices fall further
The number of mortgage holders with negative equity fell 5.5 per cent to 30,288 at the end of June, from 32,073 at the end of March, according to HKMA data.
Hong Kong stocks rebound after soft PMI data triggers stimulus hopes
Soft PMI readings point to risks of a further economic slowdown, giving Beijing more reasons to strengthen countercyclical measures, Nomura said.
HSBC rises 3% in Hong Kong after profit beat, share buyback announcement
Europe's largest lender HSBC posted a narrow decline in pretax profit in the first half of the year, but beat expectations on the back of a high-interest rate environment. The bank outlined its ...
HSBC announces $3bn share buyback and names interim finance chief
HSBC announced a $3bn share buyback on Wednesday and said its financial controller Jon Bingham had been appointed interim chief financial officer, as profits rose in the second quarter. Reported ...
HSBC records $21.6 billion pre-tax profit in first half 2024
Banking giant HSBC said Wednesday that pre-tax profits in the first half of 2024 came in at $21.6 billion, slightly lower than last year's record performance.
HSBC announces $3bn share buyback alongside slight half-year profit drop
HONG KONG -- HSBC Holdings on Wednesday announced a new share buyback program worth up to $3 billion as it disclosed a slight drop in its pretax profit for the first six months.
{Hot Stocks}HANG SENG BANK quoted at HK$98.35, down 3.3%
[ET Net News Agency, 31 July 2024] HANG SENG BANK (00011) fell 3.3% to HK$98.35, dipping below the 100-D SMA of HK$99.779. It hits an intra-day low of HK$98.2, and an intra-day high of HK$104. The ...
Hong Kong shares rise sharply ahead of Fed decision
Hong Kong stocks rallied sharply in early trading on Wednesday, with the benchmark Hang Seng Index rising 280 points - or 1.65 percent - in the ...
HSBC leads Hong Kong stocks rebound but market faces risk of second straight monthly loss
Hong Kong stocks posted early gains on Wednesday, lead by the city’s biggest lender HSBC which is scheduled to report its earnings later in the day. Still the market remains on track to register a ...
Daisy Tsang Appointed as CEO of HSBC Life HK
HSBC appointed Daisy Tsang as Chief Executive Officer of HSBC Life Hong Kong, with effect from 1 August, but it is subject to regulatory approval.~AAStocks Financial NewsWeb Site: ... HSBC appointed ...
Jiuyuan, Biokin, Transthera file for Hong Kong IPOs in July
Three Chinese biopharmaceuticals have filed for IPOs on the Hong Kong exchange in July alone, highlighting a potential “newfound positivity” to strengthen the HKEX IPO market in the second half of ...
$680B Shrs Transfer From JPM to HSBC in CCASS, Involving 1,400 Species; Move Likely Related to Biz Outsourcing
According to the Stock Exchange's Central Clearing and Settlement System (CCASS) record of holdings, JPMorgan's Hong Kong stock positions have been transferred out on a large scale this Monday (22 ...
Hong Kong’s Economy Is Now Risky Business
Hong Kong is no longer the freest economy in the world; now, it is emerging as a serial sanctions evader and hub for illicit finance.