Hong Kong brokerage Solowin Holdings (SWIN) has filed to raise around $17M through a US initial public offering. Solowin didn't disclose terms in its filing, but indicated in its fee schedule that it ...
Hong Kong garment supplier Majestic Ideal files for $11M US IPO
Hong Kong-based Majestic Ideal Holdings (MJID), a provider of supply chain management services for the apparel industry, has filed for an $11M US IPO. Read more here.
Alibaba, HSBC lead sell-off as US banking crisis infects Hong Kong stocks before likely rate increase
Local stocks slide as another bout of banking crisis in the US unsettles investors. Traders are also considering the fallout from another likely round of monetary policy tightening this week.
Hong Kong analysts expect one last Fed rate increase in 2023, but are divided if HSBC and peers will raise prime rates
Twelve analysts surveyed by the Post expect the Fed to raise its key rate this week, with most agreeing it would likely be the last increase in the current cycle They are equally divided if HSBC, ...
Asia Stocks Set to Drop as Bank Woes Hit US Shares: Markets Wrap
Shares in Asia are set to decline after Wall Street fell on renewed concern about the banking sector before a Federal Reserve decision Wednesday where policy makers are expected to raise interest ...
HSBC soothes shareholders by restoring dividend as profit triples
HSBC tripled its profit in the first quarter as rising interest rates boosted its income, beating analyst forecasts and helping the bank pay its first quarterly dividend since 2019. The strong results ...
Hang Seng index analysis after HSBC earnings, Hong Kong GDP data
The Hang Seng index drifted upwards on Tuesday after the stronger-than-expected Hong Kong GDP data and HSBC earnings. The index rose slightly by about 35 basis points even as other Chinese indices ...
HSBC says profits triple as it announces share buyback
HSBC announced it had tripled its quarterly profit Tuesday, blowing past expectations as it benefited from high interest rates around the world.
HSBC rewards shareholders with buyback, dividend as profit triples
HSBC Holdings said on Tuesday its profit tripled in the first quarter, beating expectations, as rising interest rates boosted the lender's income and helped it pay a first quarterly dividend since ...
Hong Kong shares edge higher as HSBC earnings beat
Hong Kong stocks were marginally up on Tuesday as HSBC soared after reporting a tripling in quarterly profit, while investors cautiously evaluated China activity data over the holiday weekend. We ...
HSBC Announces $2 Billion Buyback After Profit Beats Estimates
HSBC Holdings Plc will buy back as much as $2 billion of stock as the Asia-focused lender announced a fresh plan to return money to shareholders after reporting first-quarter results that beat ...
HSBC plans $3b share buyback as profits beat estimates
The bank is in the middle of a pivot to Asia while shedding unprofitable businesses in North America and Europe.
HSBC restores quarterly dividend, sets buyback as profit triples
HSBC Holdings reported on Tuesday a better than expected tripling of quarterly profit, as rising interest rates worldwide boosted the lender's income and helped it pay a first quarterly dividend since ...
HSBC posts better-than-expected first-quarter result amid pressure to split
HSBC, the biggest of Hong Kong’s three currency-issuing banks, reported a better-than-expected profit in the first quarter as it seeks to fend off renewed pressure from some shareholders to split up ...