HSBC said on Thursday that Chairman Mark Tucker will retire by the end of this year, after nearly eight years in the role at Europe's biggest bank presiding over its dramatic shrinking and navigating ...
Hong Kong reins back local dollar amid capital inflow ahead of US rate cut decision
In its first market intervention in two years, the city’s de facto central bank bought US$6.005 billion at HK$7.75.
ZA Bank reports HK$548m net revenue and narrows losses by 42%
Net interest income is 86% higher in 2024. ZA Bank said that it has narrowed its losses by 42% year-on-year (YoY) in 2024, with a net revenue of HK$548m. This is an improvement of HK$167, the Hong ...
Hong Kong’s tax revenue jumps 10% fuelled partly by talent influx, property sales
Hong Kong’s tax revenues have increased by about 10 per cent in the past financial year, driven in part by the influx of talent among taxpayers and a boost in property transactions, according to ...
Hong Kong’s Airstar Bank completes cloud migration with Tencent
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride ...
HSBC sets up captive insurer in Hong Kong to support growth in Asia
Move will solidify Hong Kong’s position as a global leader in asset, wealth, and risk management, lender’s CEO in the city says.
Hong Kong Q1 GDP expands 3.1% y/y, faster than forecast
Hong Kong's economy grew in the first quarter by 3.1% from a year earlier, official advance estimates showed on Friday, expanding for a ninth quarter.
Capital A Eyes Hong Kong IPO Amid Financial Restructuring
Capital A, parent of low-cost airline AirAsia, is exploring a listing on the Hong Kong Stock Exchange to access broader global capital markets. The move follows its ongoing recovery from financial ...
AirAsia-owner Capital A eyes Hong Kong listing
Malaysia's Capital A, the owner of budget carrier AirAsia, said on Friday it was exploring listing on the Hong Kong stock exchange, as it looks to diversify its access to global markets. The company, ...
Hang Seng Bank rolls out payroll perks for savings-focused users
They do so to achieve financial flexibility, said Hang Seng Bank. Hong Kong adults are saving an average of nearly a third of their monthly income to ensure financial flexibility, according to a ...
HSBC chairman to retire by end of year
HSBC on Thursday said that chairman Mark Tucker will retire before the end of the year, after eight years at the top of Europe's largest bank.
HSBC unveils US$3 billion stock buy-back after first-quarter profit beats estimates
HSBC says in a worst-case scenario, it could book an additional bad debt provision to guard against a potential global economic slowdown.
Hang Seng Survey: Hong Kong Workers Save Nearly 30% Monthly
In a recent survey conducted by Hang Seng Bank, over 400 working individuals in Hong Kong, aged 18 or above, are saving an average of nearly 30% of their monthly income to ensure financial flexibility ...
Hong Kong finance chief revises budget deficit to HK$80.3 billion, down 8%
Paul Chan attributes lower figure to increased stamp duty income on stock trading and lower-than-expected departmental expenditure.