HONG KONG (REUTERS)- HSBC Holdings' pre-tax profit for 2017 more than doubled due to the absence of hefty restructuring costs incurred in the prior year but still lagged expectations as the bank took a writedown following US tax changes. Europe's biggest ... ( read original story ...)
HSBC’s Gulliver signs off with a HK$66m pay packet
Outgoing HSBC Group chief executive Stuart Gulliver drew a salary package of £6.08 million (HK$66.05 million) in 2017, compared with £5.67 million in the year before. The package includes a base salary of £1.25 million and an annual bonus of £2.12 ... ( read original story ...)
Hong Kong’s Hang Seng Bank beats forecasts with 23 per cent profit rise, says to expand fintech
“As Hong Kong’s leading domestic bank, we will launch more fintech initiatives that align with our customer-centric business strategy to help drive in a new era of ‘smart banking’ in our city,” she said. The bank will also launch second public ... ( read original story ...)
HSBC : The Hongkong and Shanghai Banking Corporation Limited 2017 consolidated results –
Profit before tax up 13% to HK$115,619m (HK$102,707m in 2016) Attributable profit up 13% to HK$88,530m (HK$78,646m in 2016) Return on average ordinary shareholders' equity of 13.7% (13.0% in 2016) Total assets up 5% to HK$7,943bn (HK$7,549bn at 31 December ... ( read original story ...)
Hong Kong bourse operator unveils multifunctional HKEX Connect Hall at site of trading hall
It also has a museum area that will tell the history of Hong Kong’s stock market, which started trading in 1891. ‘Red debut’: HSBC and Hang Seng Bank results expected to lead stocks up on first day of Year of the Dog The connect hall has been built ... ( read original story ...)
Hong Kong university joins forces with Russian institution to launch EMBA programme
Hong Kong University of Science and Technology (HKUST) has partnered with the Moscow School of Management (SKOLKOVO) to launch a dual-degree EMBA programme, a response to the development of a Eurasian economy thanks to the “Belt and Road Initiative”. ( read original story ...)
Hong Kong tourist who died in Philippine snorkelling accident also frequented city’s outlying islands
The Hong Kong tourist who died last Saturday in a snorkelling accident in the Philippines was an avid traveller and photographer who frequented outlying islands with his wife. Hong Kong’s Immigration Department confirmed on Sunday that the 54-year-old ... ( read original story ...)
HSBC expected to post 1.5 per cent rise in full year profit on Tuesday
HSBC, Hong Kong’s largest bank, will report a slight increase in its full-year profit on Tuesday, analysts said, as rising interest rates push its revenue higher, particularly in Hong Kong. A poll of analysts by Thomson Reuters expects the bank to post a ... ( read original story ...)
Hong Kong says case against former chief still open
Hong Kong's Department of Justice is still considering whether to prosecute the city's former leader, Leung Chun-ying, over a controversial payment by Australian engineering firm UGL in 2011 as part of a deal to acquire his commercial real estate business ... ( read original story ...)
Budget surplus can help free our elderly poor from financial prison in Hong Kong
It is budget time. In what has become an annual ritual, the financial secretary has urged the public to give him ideas for a good financial plan of action. And, Paul Chan Mo-po is right: this year, more than ever, he can afford to be bold and creative. ( read original story ...)
PNB Fraud: Hong Kong regulator seeks status report from Indian banks
MUMBAI: Hong Kong’s central bank, the Hong Kong Monetary Authority, has begun questioning branches of Indian banks located there about the developments involving the Rs 11,300-crore Punjab National Bank fraud, said two senior bank officials who did not ... ( read original story ...)
Cash handouts or infrastructure? Hong Kong politicians disagree on how next budget can help elderly
Hong Kong lawmakers across the political spectrum have urged the government to spend its massive surplus wisely in its coming budget blueprint by investing heavily in medical and elderly care infrastructure, which they say has failed the city’s seniors. ( read original story ...)
Hang Seng Bank set to report 16.5 per cent increase in net profit on Tuesday
Hang Seng Bank, Hong Kong’s third-largest bank by assets, is expected to report strong growth in its 2017 profit on Tuesday thanks to improved interest rate income, amid stronger profits for Hong Kong banks across the board. A poll of analysts conducted ... ( read original story ...)
Milk spas and manicures: A Hong Kong dog’s life
For Hong Kong poodle Cream, grooming goes way beyond a brush and toe-clip -- her deluxe once-a-month pampering includes lavender oxygen therapy and a milk bath. As the city welcomes the Year of the Dog, pet owners are pushing out the boat more than ever to ... ( read original story ...)