Hong Kong's failure to contain the pandemic revealed a government ... Paper pushers literally failed at paper pushing. Financial Secretary Paul Chan Mo-Po recently warned Hongkongers that the economy ... ( read original story ...)
HSBC’s top shareholder calls for banking giant’s break-up
The executive was released last September. In 2016, the bank decided to keep its headquarters in London, rejecting the option of shifting its centre of gravity back to the main profit-generating hub ... ( read original story ...)
HSBC breakup push requires delicate brushoff
LONDON, May 1 (Reuters Breakingviews) - HSBC (HSBA.L), (0005.HK) is under attack from an unconventional activist. Chinese insurer Ping An (601318.SS), (2318.HK) wants the $125 billion bank to spin off ... ( read original story ...)
Second batch of consumption vouchers likely to be disbursed in summer holidays, Hong Kong’s finance chief says
says Financial Secretary Paul Chan Eligible residents will receive HK$5,000 under the latest phase Residents are expected to receive the second half of the government's consumption vouchers worth ... ( read original story ...)
HSBC set to fight demands from Chinese investor to break up bank
Last year, the bank moved three of its top executives from London to Hong Kong – a sign that it was focusing on the East. HSBC has its roots in Asia. It was founded as the Hong Kong and Shanghai ... ( read original story ...)
P: Cainiao-Backed logistics firm De Well Holdings plans for Hong Kong IPO
De Well Holdings Limited, a provider of cross-border logistics solutions, submitted an application for a listing to the Hong Kong Stock Exchange (HKEx) on Wednesday night, with Citigroup and CICC as ... ( read original story ...)
HSBC defends its global span, fending off Ping An’s call to spin off its Asia business as it doubles down on its pivot to the region
HSBC, in the midst of the latest reorganisation of its worldwide banking operations, has gone on the defensive to fend off its largest shareholder’s call to break up its business. The ... ( read original story ...)
HSBC’s biggest shareholder tells bank to spin off Asian business
Shenzhen headquartered insurer Ping An has told HSBC’s board it believes the London and Hong Kong listed bank should split itself up, in order to free up the its Asian business. The Chinese insurance ... ( read original story ...)
Hong Kong people rise to meet common challenge
"For example, Chinese people prefer rice while many foreigners love flour." Yik Man Cheung, director of the Hong Kong Financial Services Institute, joined the volunteer team in his compound with his ... ( read original story ...)
Bank of China posts rise of 7% in Q1 profit
SHANGHAI/HONG KONG : Bank of China Ltd (BoC), the country's fourth largest bank by assets, posted on Saturday a rise of 7 per cent in first-quarter net profit as the economy recovers from the ... ( read original story ...)
Chinese demand break up of HSBC: Bank’s biggest shareholder Ping An wants Asian spin-off
Chinese insurance giant Ping An, which has an 8 per cent stake, has told executives it wants to see the bank spin off its Asian business into a separate entity listed on the Hong Kong stock market. ( read original story ...)
HSBC’s top shareholder calls for banking giant’s break-up – source
Reuters reported last year that Beijing had grown disenchanted with HSBC over sensitive domestic and international legal and political issues, from China's crackdown in Hong Kong to the U.S. ( read original story ...)
HSBC’s Largest Shareholder Supports Breakup of Europe’s Largest Bank
Co. has held discussions with the bank on the idea of spinning off HSBC’s Asian operations and listing them separately in Hong Kong, according to people familiar with the matter. The shareholder ... ( read original story ...)
Bank branches continue to decline as more lenders go digital amid pandemic but city’s elderly mean they will not disappear entirely
One day in early March, Cheung Tin-sang found that the Hang Seng Bank branch near his office in Hong Kong’s Sheung Wan area was closed. Unperturbed, the octogenarian walked 15 minutes to another ... ( read original story ...)