HSBC is exploring the sale of various business units in Germany, according to people familiar with the matter. This could add to its exits from Canada, France and Brazil in recent years.
Hong Kong stocks retreat as property and banking shares drop after US data dims rate cut view
Hong Kong stocks slipped amid a global risk-off sentiment after strong US economic data sparked a rise in bond yields and a paring back of interest rate cut hopes. This overshadowed upbeat data which ...
AI Enhanced Financial Crime and Deepfakes Becoming Major Problem for Banking Institutions, US Treasury Dept Warns
A recent report released by the US Treasury has called on banking institutions to enhance their risk management controls/frameworks.
Govt policies to aid banking sector, BOC says
The bank will continue to ramp up efforts in technology finance, green finance, inclusive finance, pension finance and digital finance, in a bid to accelerate the development of new quality productive ...
Hong Kong stocks slip as property and banking shares drop after US data dims rate cut view
HSBC lost 1.2 per cent to HK$61.15, Hang Seng Bank lost 1.1 per cent to HK$89.15 and Sun Hung Kai Properties declined 1.6 per cent to HK$75.35. Xiaomi lost 2.6 per cent to HK$15.86 after it gained 9 ...
Hongkonger in her 80s conned into buying 4 iTunes gift cards worth total of HK$3,000 in online romance scam
Victim fell victim to the scam after she developed online romantic relationship with swindler posing as Canadian engineer, police say.
VP Bank Names Hong Kong Wealth Head
Liechtenstein-based VP Bank has appointed an industry veteran as its new head of wealth management for Hong Kong.
CVC-linked investment unit sells 5% stake in Vietnam’s Asia Commercial Bank for $220 mln
HANOI/HONG KONG, April 2 (Reuters) - An investment vehicle linked to CVC Capital Partners has disposed of its entire 5% stake in Vietnam's fourth biggest non-state owned commercial lender, Asia ...
EMERGING MARKETS-Poland’s zloty lags CEE peers on dull manufacturing data, Hong Kong leads stocks’ higher
EM stocks up 0.7%, FX down 0.1% By Bansari Mayur Kamdar April 2 (Reuters) - The Polish zloty weakened on Tuesday, after the Eastern European economy's manufacturing activity contracted again last ...
Hong Kong Leads Asian Markets Higher, Traders Assess Fed Rate Plans
Focus is now turning to the release of US jobs figures at the end of the week, which could have a bearing on the central bank's decision-making in light of a recent batch of above-par inflation ...
Analysts Are Bullish on These Financial Stocks: BOC Hong Kong (Holdings) (BNKHF), Old National Bancorp Capital (ONB)
There’s a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on BOC Hong Kong (Holdings) (BNKHF – Research ...
Hong Kong needs outside-the-box thinking to shore up the economy
Shops and restaurants took a hit over the Easter break, when more than a million people left the city Maybe it's time to make use of Hong Kong's uniqueness and experience to tap into the mainland ...
Hong Kong Securities Regulator Unveils First Commercial Paper for Tokenized Securities
Hong Kong set to position itself as the primary hub for Real World Assets (RWA) and Security Token Offerings (STOs) by cultivating an innovative regulatory framework.
Chinese Stocks in Hong Kong Jump in Catchup Rally After Holidays
Chinese shares in Hong Kong rallied as trading resumed after holidays, playing catchup to gains seen in the onshore market following upbeat economic data.