ZA Bank, Hong Kong’s first and largest digital bank, has reached a significant milestone by becoming the city’s first digital bank to declare monthly net profitability, after just four years since its ...
HSBC appoints Jo Miyake as interim CEO of global commercial banking -memo
HSBC has named Jo Miyake as interim CEO of its global commercial banking business, according to an internal memo seen by Reuters on Wednesday, in the latest of a series of appointments since new group ...
BOC HONG KONG (02388.HK) Restarts Cash Rebate Offer for Mortgages – Report
Citing market sources, HK01 reported that since May, the four major banks in Hong Kong have cancelled all mortgage cash rebates, while small and medium-sized banks have still offered a very small ...
HSBC Life hits HK$24.7b in new business premiums
Annualised new premiums accounted for 19.7% of the market total. HSBC Life reported to write over $3.17b (HK$24.7b) new business premiums in the first six months of the year (H1 2024), securing 21.4% ...
Hong Kong stocks hit 3-week low amid global market turmoil
Asian markets follow an overnight sell-off abroad as weak US manufacturing data and a surge in the Japanese yen spook investors.
ZA Bank becomes Hong Kong’s first virtual lender to report a monthly profit
its first after nearly four years of operations ZA Bank, Hong Kong's largest virtual lender, has become the first among the eight online-only banks to make a monthly net profit since launching in 2020 ...
Alibaba Subsidiary Takes Majority Stake in Ant Group’s Bank Macao In Strategic Move to Enhance Digital Payment Services
Alibaba Group Holding (NYSE:BABA) backed Hong Kong lottery firm AGTech Holdings snapped a majority stake at Ant Group’s digital unit Bank Macao for $30.26 million. Now AGTech owns a 51.5% stake in ...
Hong Kong stocks trade near 2-week low as deteriorating earnings weigh on sentiment
Hong Kong stocks traded close to a two-week low as investors digested weak corporate earnings amid a slowdown in China’s growth. The Hang Seng Index dropped 0.4 per cent to 17,627.01 at the noon break ...
HSBC’s New CEO Tells Staff to Keep an Eye on Costs in Town Hall
HSBC Holdings Plc’s new chief Georges Elhedery emphasized cost discipline at his first town hall in Hong Kong as Europe’s largest lender seeks to keep expenses in check.
{Hot Stocks}BANK OF CHINA quoted at HK$3.39, down 3.1%
[ET Net News Agency, 3 September 2024] BANK OF CHINA (03988) fell 3.1% to HK$3.39, dipping below the 100-D SMA of HK$3.441. It hits an intra-day low of HK$3.39, and an intra-day high of HK$3.51. The ...
China, Hong Kong shares fall, dragged by banks and energy
Most of China and Hong Kong's benchmark stock indexes fell on Tuesday, dragged by banking and energy stocks, while investors digested disappointing China August manufacturing activity data. With ...
{Hot Stocks}CM BANK(03968) quoted at HK$31.25, down 3%
[ET Net News Agency, 3 September 2024] CM BANK (03968) fell 3% to HK$31.25. It hits an intra-day low of HK$31.2, and an intra-day high of HK$32.45. The total shares traded was 8.12 million, with a ...
Hong Kong stocks trade near two-week low as deteriorating earnings weigh on sentiment
Hong Kong stocks fell to the lowest in almost two weeks on concerns that corporate earnings are worsening amid the slowdown in China’s growth. The Hang Seng Index dropped 0.4 per cent to 17,620.34 as ...
HK-listed firm to buy 26.8% of Cabangon-led CityState
A Hong Kong-listed holding firm is set to acquire a significant stake in CityState Savings Bank Inc. via a P735.9-million share purchase deal, valuing the Cabangon-led bank at around P2.75 billion. In ...