Hong Kong shares closed higher on Monday as cyclical stocks rose on hopes of a vaccine-led recovery, although Sino-U.S. tensions capped gains. ** The Hang Seng index ended up 34.66 points, or 0.13%, ... ( read original story ...)
China Evergrande says property services unit seeks to raise up to $2 billion in IPO
China Evergrande Group said on Monday its property management unit is seeking to raise up to HK$15.8 billion ($2.04 billion) in an initial public offering (IPO), a plan likely to help improve cash ... ( read original story ...)
China stocks rally as cyclicals gain on recovery hopes; Hong Kong shares down
HK daily quota used 3.1% * FTSE China A50 +1.0% SHANGHAI, Nov 23 (Reuters) - China stocks climbed on Monday, helped by strong gains in cyclical firms on domestic and global economic recovery hopes, ... ( read original story ...)
Hong Kong Bourse Tipped To Open In The Red
BOC Hong Kong collected 1.02 percent, Industrial and Commercial Bank of China declined 0.87 percent, Ping An Insurance surrendered 0.84 percent, Hong Kong & China Gas sank 0.66 percent, CITIC dropped ... ( read original story ...)
Bank of China sees increase in income, plunge in profit
The Bank of China (BOC), one of the country's four big state-possessed lenders, witnessed its income enlarge vaguely in the first three quarters of 2020, while its net profit dropped.The ... ( read original story ...)
Short Sellers Target Ping An’s Fintech Unit After Ant IPO Fiasco
The headwinds that toppled Ant Group Co.’s initial public offering now threaten a $22 billion dream of China’s Ping An Insurance (Group) Co. -- to pivot from a finance group to a tech giant and be ... ( read original story ...)
HSBC gets new country head for wholesale banking
Limited has appointed Kevin Green as new country head of wholesale banking for HSBC Bangladesh. The appointment became effective from November 15, said a press release of the bank. The release said ... ( read original story ...)
The ‘father of Hong Kong design’ Henry Steiner on creating the HSBC logo, Standard Chartered banknotes
Austria-born Henry Steiner, who is known as the ‘father of Hong Kong design’, recalls the 1967 riots, bringing graphic design to the city and creating HSBC’s red-and-white hexagon. ( read original story ...)
Hong Kong Bourse Poised To Bounce Higher Again On Friday
The Hong Kong stock market on Thursday halted the three-day winning streak in which it had gathered almost 390 points or 1.5 percent. The Hang Seng Index now rests just above the 26,355-point plateau ... ( read original story ...)
Beijing Critic’s Bank Accounts Frozen as China Raises Pressure
A vocal advocate of Chinese government reform living in the U.S. said that several banks have frozen his accounts back home, in another sign that Beijing is stepping up pressure on overseas dissidents ... ( read original story ...)
HSBC Holdings Plc gains as the Hong Kong-based bank continues its volatile week of trading
Hong Kong accounts for over 90% of HSBC’s profits and as the ... vaccines have resurrected sectors that were hit the hardest by the pandemic, and the global banking industry is starting to rally. ( read original story ...)
Hong Kong Bourse Tipped To Run Out Of Steam
Hong Kong & China Gas rallied 1.16 percent, China Petroleum and Chemical (Sinopec) tumbled 0.83 percent, Techtronic Industries jumped 0.79 percent, China Mobile skidded 0.74 percent, AIA Group climbed ... ( read original story ...)
HSBC to let Hong Kong employees work up to four days a week at home
HSBC to provide up to US$322 in a one-time allowance for equipment purchases as it embraces more flexible working arrangements, according to memo. ( read original story ...)
HSBC staff in Hong Kong can now reportedly work 4 days a week from home — and they’ll get a $322 allowance to set up a home office
HSBC gave Hong Kong staff three options, per a memo seen by Bloomberg: Working mainly from home, mainly in the office, or full-time in the office. ( read original story ...)