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Tag: finance

Posted on 28/11/2023

HSBC hires senior private banking executive from UBS to serve wealthy Indians

HSBC Holdings Plc has reportedly hired a senior private banking executive from UBS Group AG where he ran a team serving wealthy Indians who live overseas. Gautam Anand was appointed Global Coordinator ...

Posted on 28/11/2023

Hong Kong Property Market Enters A Great Stagnation

A tussle over valuations between the city’s property developers and the government has resulted in a stalemate that dampens Hong Kong’s economic prospects.

Posted on 28/11/2023

Hong Kong stocks slide to near 3-week low on earnings, China economic woes while small-caps suffer 5% rout in Beijing

Hong Kong stocks fell to near a three-week low on concerns corporate earnings will disappoint investors amid China’s economic slowdown and property market slump. Reports this week may show Chinese ...

Posted on 28/11/2023

Hang Seng May See Renewed Support

The Hong Kong stock market on Friday ended the two-day winning streak in which it had collected almost 180 points or 1.1 percent. The ...

Posted on 28/11/2023

Hong Kong stocks fall, China struggles amid weak recovery, sentiment

Other Asian stocks edged higher, while the dollar was at a three-month low as investors remained convinced that the U.S. Federal Reserve was done with its rate-hike cycle and looked ahead to a crucial ...

Posted on 28/11/2023

Members of Hong Kong pro-democracy party League of Social Democrats face 26 charges over fundraising, banners

Ten members of the League of Social Democrats (LSD), one of Hong Kong’s last active pro-democracy groups, face a total of 26 charges for raising funds and displaying posters without a permit. LSD ...

Posted on 28/11/2023

The Judge behind China’s financial reckoning

Judge Linda Chan presides over an unprecedented wave of Chinese corporate defaults, holding real estate giants like Evergrande accountable. Chan's courtroom decisions, pushing for creditor recovery ...

Posted on 28/11/2023

BoE leads central bank chorus on need for restrictive policy

A top UK central banker on Tuesday emphasised that monetary policy would need to be "restrictive" for some time to defeat inflation, a message echoed by fellow policymakers from Australia and ...

Posted on 28/11/2023

RBI in discussions with US, Hong Kong, Swift on digital bank payments

Current practices involve routing funds through banks using the Swift platform. CBDCs could enable direct settlements between parties, offering advantages such as speed and cost-efficiency ...

Posted on 28/11/2023

Hong Kong October Home Prices Drop to Lowest Since March 2017

HONG KONG (Reuters) - Hong Kong private home prices extended a fall in October, dipping to their lowest since March 2017, official data showed on Tuesday, weighed down by higher interest rates and ...

Posted on 28/11/2023

Hong Kong Cash Demand Sends Local Bank Rate to 16-Year High

A gauge of bank funding costs in Hong Kong jumped to the highest in 16 years, as year-end demand for cash exacerbates an already-tight liquidity environment.Most Read from BloombergRussia Downs Drones ...

Posted on 28/11/2023

HK-linked ELS emerges as time bomb in banking sector

A 58-year-old man, surnamed Kang, recently filed a complaint with the Financial Supervisory Service (FSS) as he faces the risk of losing half of his assets after investing in equity-linked securities ...

Posted on 28/11/2023

HSBC Hires UBS’s Anand For Role Serving India’s Rich Diaspora

Gautam Anand was appointed Global Coordinator for Global India, the Middle East, North Africa and Europe from Dec. 1.

Posted on 28/11/2023

The Hong Kong judge who puts fear into China’s deadbeat builders

Find out more about subscription packages here. IN COURTROOM No. 29, a grey, musty cubbyhole of a space wedged into the heart of Hong Kong’s banking district, Judge Linda Chan presides over China’s ...

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