Tag: finance

HSBC (NYSE:HSBC) is considering exiting the retail banking business in the U.S. in a move that would reallocate resources to more profitable businesses in Asia, the Financial Times reports, citing two ... ( read original story ...)

Airbnb, Door Dash, Roblox, and a number of other start-ups file for December initial public offerings. Some are profitable and well known; others are not. It’s an exciting way to end a pandemic year. ( read original story ...)

Chief Executive Carrie Lam has said that she has been forced to keep piles of cash around her home after she was sanctioned by the US. © Hong Kong Free P ... ( read original story ...)

Lion Global Investors and OCBC Securities have partnered to launch Singapore’s first technology-focused exchange traded fund, rolling out a new ETF that tracks the recently launched Hang Seng Tech ... ( read original story ...)

Hong Kong stocks ended at a nine-month high on Friday, gaining for the fourth week in a row, tracking mainland strength as upbeat profits from industrial firms pointed to a continued recovery in China ... ( read original story ...)

All civil servants in Hong Kong are to declare allegiance to the city in one go, Secretary for Civil Service Patrick Nip announced on Thursday. He said that pledging loyalty was a “basic requirement” ... ( read original story ...)

Many mainland Chinese may have given Hong Kong a miss amid travel restrictions. They are, however, invading the local stock market in search for higher returns. Onshore investors have snapped up ... ( read original story ...)

China Evergrande Group’s property management arm is set to price the Hong Kong initial public offering of Evergrande Property Services Group Ltd. at HK$8.80 per share, below the mid-point of a ... ( read original story ...)

Evergrande Property Services Group's Hong Kong IPO priced at the lower end of expectations to raise $1.8 billion, three sources said, the tepid demand underscoring concerns about the financial health ... ( read original story ...)

Hang Seng Bank Limited (OTCMKTS:HSNGY) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $15.86 and traded as high as $17.89. Hang ... ( read original story ...)

The decision to ban Europe’s banks from paying dividends this year is a strong candidate for the most maligned regulatory edict of recent years. Supervisors stopped payouts in an attempt to preserve ... ( read original story ...)

Evergrande Property Services Group's Hong Kong IPO priced at the lower end of expectations to raise $1.8 billion, three sources said, the tepid demand underscoring concerns about the financial health ... ( read original story ...)

There may be some reprieve for Hong Kong’s economy after two years of anemic growth, according to Hao Zhou, a senior emerging markets economist at Commerzbank. The third quarter this year was Hong ... ( read original story ...)

HSBC Holdings Plc shares surged as much as 8% in Hong Kong trading on optimism Europe’s biggest lender may soon resume paying dividends as a turnaround gathers speed. The shares rose 6.5% to HK$42.35 ... ( read original story ...)