HSBC's bosses will meet retail investors on Tuesday in Hong Kong, the biggest market for Europe's largest lender, seeking to convince them their strategy to operate as a global bank is vital to ... ( read original story ...)
Hong Kong shares down nearly 3%, Asia markets drop as geopolitical tensions rise over Pelosi visit
Local media reports citing unnamed sources said Pelosi would go ahead with her visit to Taiwan, a self-ruled island that China sees as a runaway province. ( read original story ...)
Hong Kong’s Economy Seen Contracting in 2022 as GDP Disappoints
Economists downgraded their forecasts for Hong Kong’s economy, predicting it could contract for the third time in four years, after data Monday showed growth is being weighed down by Covid ... ( read original story ...)
HSBC Aims To Pacify Hong Kong Investors After Rejecting Break-up Call From Ping An
HSBC's bosses will meet retail investors on Tuesday in Hong Kong, the biggest market for Europe's largest lender, seeking to convince them their strategy to operate as a global bank is vital to ... ( read original story ...)
Hong Kong’s Hang Seng down 2% as Asia markets drop; South Korea’s inflation rises
Hong Kong's Hang Seng led losses in Asia on Tuesday as South Korea's inflation rose. Consumer prices in South Korea rose 6.3% in July compared with the same period in 2021, official data showed on ... ( read original story ...)
Hong Kong casino tycoon considers Macau move to avoid US delisting
Melco Resorts & Entertainment, a $2.5bn casino group run by Hong Kong casino mogul Lawrence Ho, is weighing relocating its headquarters to Macau to avoid being delisted in the US, according to two ... ( read original story ...)
HSBC gears up to meet Hong Kong investors after pushing back break-up call
Bosses of HSBC will meet retail investors on Tuesday in Hong Kong, the biggest market for Europe's largest lender, as they seek to convince shareholders that their strategy to operate as a global bank ... ( read original story ...)
Why Hong Kong should heed UN condemnation of its failure to protect basic rights
The UN's top human rights body has sharply criticised Hong Kong's application of the national security law, making it clear basic freedoms and the rule of law are in jeopardy Rather than trotting out ... ( read original story ...)
China mortgage strikes threaten property sector’s house of cards
HONG KONG -- Chen Peng put his entire life savings, and that of his parents, into a 300,000 yuan ($44,000) down payment for a condominium that should have been finished in 2018. Four years later ... ( read original story ...)
HSBC shareholder starts group to rally support for Ping An break-up plan
Shareholder Ken Lui said a split would make it easier for HSBC to navigate the rising tension between China and the West. Read more at straitstimes.com. ( read original story ...)
HSBC’s Promises Won’t Satisfy Ping An for Long
The London- and Hong Kong-based bank is facing breakup calls driven by its largest shareholder, Ping An Insurance Group of China, with the aim of freeing the faster-growing Asian businesses from ... ( read original story ...)
US sanctions UAE, Hong Kong firms that ship Iranian oil
The U.S. has sanctioned a United Arab Emirates-based firm and several Asian companies for facilitating the illicit sale of millions of dollars’ worth of Iranian oil for shipment to East Asia. The ... ( read original story ...)
HSBC rejects Ping An break-up call, promises higher dividend
HSBC pushed back on a proposal by top shareholder Ping An Insurance Group Co of China to split the lender, a move Europe's biggest bank said would be costly, while posting profits that beat ... ( read original story ...)
Hong Kong must have a plan to end quarantine if it is to keep international financial hub status, retain talent, fund managers say
"To maintain [Hong Kong's] status as an international financial centre, we need to be true to the label and be international. The ability to travel unfettered internationally is a basic ... ( read original story ...)