Tag: finance

Hong Kong virtual bank ZA Bank has announced it will support the HKSAR's 100% Personal Loan Guarantee Scheme, becoming the only local virtual bank to do so. ( read original story ...)

In response to the FOMC monetary policy decision, the Hong Kong Monetary Authority (HKMA) that “the HK dollar (HKD) remains steady” after Fed Chair Powell’s dismissal of tapering talks smashed the US ... ( read original story ...)

The Hong Kong stock market on Wednesday snapped the two-day slide in which it had fallen more than 135 points or 0.4 percent. The Hang Seng Index now sits just above the 29,070-point plateau although ... ( read original story ...)

The London-headquartered bank, which makes most of its revenue in Asia, said its reported profit before tax rose to $5.8 billion. ( read original story ...)

Hong Kong passed a tax concession bill for funds to bolster its competitiveness as an investment management hub. ( read original story ...)

In China's start-up world, the rich are getting richer as investors and companies clamor for a piece of the hot U.S. IPO market — before it loses steam. ( read original story ...)

Beijing is investigating how Jack Ma won speedy approvals for his Ant Group Co.’s stock listing last year, according to people with knowledge of the matter, signaling that state actors are getting ... ( read original story ...)

Hong Kong’s two biggest banks aim to tap the forecast US$29 trillion of fundraising opportunities for environmentally friendly projects in the next decade. ( read original story ...)

The Hong Kong government is for the first time offering to guarantee low-interest personal loans for unemployed people, after the Covid-19 pandemic sent the city’s jobless rate to a 17-year high. ( read original story ...)

The London-headquartered bank, which makes most of its revenue in Asia, said its reported profit before tax rose to $5.8 billion. ( read original story ...)

Hong Kong’s finance executives got the city’s biggest bonuses in 2020, defying a pandemic that saw more than a third of respondents miss out on their incentive payments, according to a survey by KPMG. ( read original story ...)

HSBC’s pre-tax profit in the first quarter was US$5.8 billion, beating a consensus estimate of US$3.34 billion. ( read original story ...)

HSBC said on Tuesday that first-quarter profits more than doubled, helped by a reversal in credit losses as well as its ongoing restructuring and pivot to Asia. ( read original story ...)

HSBC Holdings' first-quarter profits soared as recovery from the coronavirus pandemic picked up pace and the bank clawed back funds set aside for bad debts. The U.K.-headquartered bank, which is ... ( read original story ...)