The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the seven-day winning streak in which it had surged more than 1,950 ... ( read original story ...)
Hong Kong Stock Exchange Looks for Next Act After Record Year
A year anticipated to be full of headwinds for Hong Kong’s stock exchange turned euphoric instead. The challenge is now to add to the momentum.Hong Kong Exchanges & Clearing Ltd. is estimated to ... ( read original story ...)
A demerger is HSBC’s only way to solve its Hong Kong problem
With 90% of its profits coming from Asia, the bank’s ultimate decision will surely be to follow Beijing’s lead ... ( read original story ...)
Wealth management connect to bring more Hong Kong finance firms to Qianhai special economic zone, official says
Launch of wealth management connect scheme will see banks and finance companies from Hong Kong setting up offices in the special economic zone: Witman Hung. ( read original story ...)
Hong Kong Monetary Authority, Central Bank of UAE strengthen fintech collaboration
The Hong Kong Monetary Authority (HKMA) and the Central Bank of the United Arab Emirates (CBUAE) jointly announced the exchange of a Memorandum of Understanding (MoU) Tuesday, with a view to ... ( read original story ...)
HK IPO retail frenzy needs to be kept in check
The huge retail investor interest for some recent Hong Kong IPOs has caught the stock exchange’s attention, leading to an investigation into how retail accounts place orders. The move will offer some ... ( read original story ...)
HSBC Has a Problem of Belonging, With No Easy Fixes
Where does HSBC Holdings Plc really belong? Never satisfactorily answered, this question has swirled inside and outside the bank for nearly three decades. When the global institution moved its ... ( read original story ...)
HSBC is pushing even harder into Asia and wants to bring back its dividend
HSBC is pushing even harder into Asia as the bank seeks to shore up its business in the wake of the coronavirus pandemic and ongoing tensions between the United Kingdom and China. It's also bringing ... ( read original story ...)
HSBC Flags $6 Billion Investment in Asia After Profit Beat
HSBC Holdings Plc will shift billions of dollars of investment from developed markets to Asia’s faster growing economies as it looks to become the go-to bank for the region’s wealthy. ( read original story ...)
OPINION – Hong Kong should grasp the opportunities offered by Islamic Finance
Economic diversification is certainly a key component to reach sustainable economic development. Diversification is very important for both Hong Kong and Ma ... ( read original story ...)
HSBC ramps up Asia pivot as pandemic hammers profits
HSBC on Tuesday vowed to accelerate its Asia pivot despite spiralling tensions between China and the West after it reported a 30% plunge in profits for 2020 caused by the coronavirus pandemic. ( read original story ...)
Hong Kong stocks lead rally in Asia as traders bet to old-economy firms on reflation outlook, HSBC extends win
Hong Kong stocks are leading a rally in Asian markets as traders bet on old-economy favourites amid outlook for faster rebound in growth, and sell recent tech winners. HSBC jumps on dividend hopes. ( read original story ...)
HSBC profit down 30 percent, resumes dividend
HSBC makes 90 percent of its profit in Asia, with China and Hong Kong being the major drivers of growth. As a result, it has found itself more vulnerable than most to the crossfire caused by the ... ( read original story ...)
Hong Kong budget: more than 250,000 jobless workers to be offered 1 per cent interest loans in unprecedented measure
Unemployed Hongkongers will be offered low-interest bank loans – capped at HK$80,000 – under an unprecedented budget measure targeting more than 250,000 jobless workers, the Post has learned. Mo-po ... ( read original story ...)