HSBC will retain US$7.6 billion in loans as part of a revised transaction to sell its French business after completion of the deal appeared ‘less certain’ in April.
HSBC looks to unlock sale of French business with new terms
HSBC said that the new terms might allow for the sale to Promontoria MMB SAS (My Money Group) and its subsidiary Banque des Caraïbes SA to proceed ...
U.S. Banks Are Giving Up China IPO Mandates
International investors have soured so much on Chinese initial public offerings that investment banks are backing out of potential listings. Goldman Sachs has given up several mandates for IPOs in ...
Banks drag Hong Kong stocks from 3-week high amid China, Fed policy bets as Nomura warns of ‘double-dip’ risk
Stocks retreated from a three-week high amid concerns China’s speculated stimulus will be too little too late as Nomura warned more needed to be done to avert another dip in the economy.
HSBC’s Head of Global Banking Sustainability Takes Sabbatical
HSBC Holdings Plc’s head of global banking sustainability, Alexi Chan, is planning to take a five-month sabbatical starting next month, according to a memo.
Hong Kong and global graduates, motivated by high salaries, eye career in finance in post-Covid-19 era: CFA Institute survey
Finance is the top career choice for graduates globally including Hong Kong, as they believe the sector offers better pay and growth prospects, according to a CFA Institute survey.
Hong Kong biotech IPOs face ‘tough’ 2023: Ascendum Capital founder
The year 2023 will be a tough one for pre-revenue biotechnology companies to go public in Hong Kong, according to Serena Shao, founder and managing partner of health care-focused investment firm ...
Hang Seng index is being crashed by Nikkei 225 in 2023
Global indices have been mixed in 2023 with some European indices like the DAX and CAC 40 sitting at their record highs. Asian indices have done well, helped by the strong performance of the Nikkei ...
Hong Kong stocks surrender gains as banks slide amid China stimulus bets while Nomura calls for more tonic to avert ‘double-dip’
Hong Kong stocks wavered amid concerns China’s policy stimulus will be too little too late to rejuvenate its post-pandemic economic recovery. While the Federal Reserve s certain to pause on its rate ...
HSBC Asian growth plan targets mass affluent
London-headquartered banking group HSBC is carving out a bigger role for Singapore as a regional hub as it expands in Asia.
China stimulus: Hong Kong stock outlook unclear amid fears rate cuts are too little, too late while double-dip risk grows
A sluggish recovery in China’s economy is stoking concerns among strategists that the hyped-up policy stimulus will do little to shore up stock prices in Hong Kong, leaving the Federal Reserve to do ...
Hongkong Land to Enter Shanghai With $8 Billion West Bund Development
The developer behind Landmark, one of Hong Kong's most prominent luxury malls, plans to roll out 10 new developments in the next five years in mainland China.
Hong Kong and the US aim for stablecoin regulations by 2024
With the completion of the public consultation phase, the HKMA will be focusing on the areas of issuance, governance and stabilization.
“Hong Kong to emerge as stock exchange of choice” – Dealmaking experts
Linklaters partners discuss the dealmaking landscape that supports Hong Kong’s status as preferred regional fundraising hub. Former SFC decision-maker, Roger Cheng, is set to join the team from August ...