HSBC has agreed to buy Citigroup’s consumer wealth business in China as it pushes ahead with its focus on Asian markets.Citi has offloaded the unit for an und ...
PM in Hong Kong to court investors, drum up business
Prime Minister Srettha Thavisin on Monday assured potential investors in Hong Kong that Thailand is open for business and ready to facilitate investment.
Saudi central bank seeks regular dialogues, closer ties with monetary authorities of mainland China and Hong Kong to spur kingdom’s transformation
The Saudi central bank is looking to strengthen its connections with the People's Bank of China (PBOC) via bilateral dialogues, collaborations in multilateral forums Bilateral dialogues can help the ...
Citi Sells China Consumer Business To HSBC As British Bank Doubles Down On Asia
Citi said the deal will pass its China consumer wealth portfolio, including clients, assets under management and deposits to HSBC Bank China. Citi said the portfolio is worth approximately $3.6 ...
Citigroup confirms sale of China-wealth unit to HSBC
Citi has now exited eight of 14 markets after revealing plans in early 2021 to exit its overseas consumer-banking businesses.
HSBC/Citi: taking over China wealth unit is easy win
HSBC needs to fend off Asia-focused rival Standard Chartered. StanChart is gaining traction in China after receiving approval from local regulators this year to set up a securities unit in the ...
FTSE 100 Live: Hong Kong pauses morning trade, blue-chips seen lower
Oil up 3%; BAE up 3% as Israel conflict sparks fears 08:22 , Simon Hunt Oil rose as much as 3% this morning on fears of an escalating ...
HSBC to acquire Citi’s retail wealth management business in China
HONG KONG -- HSBC on Monday announced it is acquiring competitor Citi Group's retail wealth management business in China, as the U.S. bank continues to wind down the Asian consumer franchise business ...
Citigroup to sell China consumer wealth business to HSBC
Citigroup Inc said on Monday it had agreed to sell its China consumer wealth portfolio, including clients, assets under management (AUM) and deposits, to Asia-focused HSBC Holdings Plc. The deal ...
HSBC buys Citi’s US$3.6 billion China retail assets in expansion
HSBC Holdings agreed to buy Citigroup’s retail wealth management portfolio in mainland China, adding to its expansion in the world’s second-largest economy. Read more at The Business Times.
Citigroup Plans To Exit China’s Consumer Wealth Sector; To Sell Business To HSBC
US-headquartered Citigroup Inc has announced its plan to exit China. On Monday, Citigroup said that it had agreed to sell its China consumer wealth portfolio, including clients, assets under ...
Hong Kong Halts Morning Trade; Looks to Lower Storm Warning Before Midday
Hong Kong stayed largely closed Monday morning, with stock market trading halted and schools suspended, as gale force winds and torrential rain from departing Typhoon Koinu continued to affect the ...
Hong Kong e-HKD trials explore ‘interesting use cases’ of digital currency in payments, investments: HKMA boss
Programmable payments to protect consumers' cash and tokenised assets are some of the scenarios in trials, Eddie Yue says The relevant players need more experience with the digital currency before a ...
Hang Seng, CEFAR Academy link up to create insurtech through insurance arm
This collaboration falls under the HKMA’s Industry Project Masters Network (IPMN) scheme. Hang Seng and Chinese University of Hong Kong's (CUHK) Engineering FinTech Applied Research Academy (CEFAR ...