Worlds apart: the HSBC building at Canary Wharf, London, left and the bank’s building in Hong Kong. Photograph: Getty, Rex Shutterstock The bank, once a herald of globalisation, is struggling to ... ( read original story ...)
Hang Seng Bank Limited to Issue Dividend of $0.08 (OTCMKTS:HSNGY)
Hang Seng Bank Limited (OTCMKTS:HSNGY – Get Rating) declared a dividend on Friday, May 6th, investing.com reports. Investors of record on Wednesday, May 11th will be paid a dividend of 0.0785 per ... ( read original story ...)
China Skincare Leader Giant Biogene Files For Hong Kong IPO
Giant Biogene Holding Co. Ltd., China’s largest supplier of collagen-based skincare products, has filed for a Hong Kong IPO, joining the growing list of Chinese companies seeking to tap into global ... ( read original story ...)
4 suspected core members of Hong Kong syndicate arrested over HK$600 million money-laundering case involving 750 bank accounts over 2 years
Customs says suspicion sparked when it was observed the money held in suspects' accounts was not commensurate with their incomes Half of all the account holders involved believed to be mainlanders, ... ( read original story ...)
Breaking up HSBC: Ping An’s call to debate the future of Hong Kong’s largest bank raises vexing question if its value is greater than the sum of its parts
Ping An, HSBC's biggest shareholder, making push for change at the lender in latest example of investor strife Asia is the bank's biggest profit centre, but insiders say much of its revenue in parts ... ( read original story ...)
New Hong Kong Media Outlet Aims to Fill Media Vacuum
News is reporting news in Hong Kong despite the concerns of being closed in the future amid the city’s media crackdown. ( read original story ...)
Second batch of consumption vouchers likely to be disbursed in summer, Hong Kong’s finance chief says
Retailing in Hong Kong to evolve into an online-offline hybrid, experts say Bank of China’s BOC Pay said it would roll out a series of offers and shopping discounts to those who collected the handout ... ( read original story ...)
Hong Kong’s first Retail Green Bond sells out with US$4.2 billion in orders, auguring well for city’s role as funding hub for climate-friendly projects
The three-year note, offering a 2.5 per cent return on a minimum investment of HK$10,000, was 1.2 times oversubscribed Strong response boosted by volatile stock market as investors seek a safer bet, ... ( read original story ...)
Essential for Hong Kong to strike balance as Xi Jinping digs in on zero-Covid
Words of Chinese president do nothing to raise hopes of an early reopening of the border with Hong Kong, which strives to remain an international finance hub It seemed unlikely not long ago, when ... ( read original story ...)
HSBC Break-up Pressure Marks the End of an Era
The bank’s position – with huge financial stakes and close political ties in both London and Beijing – has become increasingly untenable amid growing tensions. ( read original story ...)
2 New Executives Join HSB This Week
HANG SENG BANK (00011.HK) announced that two new executives have joined Hang Seng Bank this week. They are Angela Shing, Chief Marketing Officer, and Gloria Ho, Head of Human Resources. Both have ... ( read original story ...)
Inaugural Retail Green Bond attracts US$4.2 billion of subscriptions, as Hong Kong takes a step towards becoming a fundraising hub for climate-friendly projects
The three-year note, offering a 2.5 per cent return on a minimum investment of HK$10,000, was 1.2 times oversubscribed Strong response boosted by volatile stock market as investors seek a safer bet, ... ( read original story ...)
5 daunting tasks for Hong Kong’s next leader
Observers are watching to see if Mr Lee's housing outcomes will be any different. 3. Restoring world status Hong Kong's status as a global financial hub has taken a hit from the 2019 unrest and ... ( read original story ...)
US rate rise promises even more pain on way for battered Hong Kong
With gross domestic product shrinking sharply by 4 percent in the first quarter and the economy battling a slump, the last thing Hong Kong needs is a rise in interest rates that will hurt households ... ( read original story ...)