HONG KONG—A gadget maker. An online delivery service. And the electronic payment company owned by the tech giant Alibaba. These are among a spate of Chinese companies expected to open their doors to ordinary investors in Hong Kong over the next year ... ( read original story ...)
HSBC’s $2 billion buyback fails to cheer investors as spending surges
HONG KONG/LONDON (Reuters) - HSBC’s (HSBA.L) new chief executive sought to mollify investors with a share buyback of up to $2 billion, as the bank reported on Friday an unexpected 4 percent drop in first-quarter pre-tax profit due to a surge in spending. ( read original story ...)
HK startup involved in sapphire film tech raises fresh funds
Tan said. That the reason why not all kinds of technologies are ideal for a startup to develop, he noted. Tan believes his firm will become Hong Kong’s first “sapphire unicorn”, adding that the startup has huge potential in terms of its business ... ( read original story ...)
HONG KONG | HSBC says quarterly profit dips, plans $2B share buyback
HONG KONG — Global bank HSBC said Friday it’s launching its latest multibillion-dollar share buyback, as it released its first quarterly earnings report under its new chief executive, John Flint. The bank said that the buyback of up to $2 billion in ... ( read original story ...)
Hang Seng Bank declares HK$1.3 per share dividend payout
The Hang Seng Bank (0011) today declared the first interim dividend of HK$1.3 per share for the year ending December 31, 2018, according to a filing to Hong Kong stock exchange. The dividend will be payable on June 7. ... ( read original story ...)
Hong Kong stocks slip into negative territory in early action
Hong Kong shares were lower in early action on Friday morning ... China Construction Bank lost 0.6 per cent to HK$8.03 and HSBC declined 0.8 per cent to HK$77.05. Hang Seng Bank also lost 1.2 per cent to HK$198.40. Meanwhile, AIA added 1.5 per cent ... ( read original story ...)
Hong Kong International Medical Devices and Supplies Fair Opens Monday
HONG KONG, May 3, 2018-(ACN Newswire)-The HKTDC Hong Kong International ... "The HKTDC has been providing support to start-ups. Innovation and technology is also an important driving force for the medical devices and supplies industry. ( read original story ...)
Hong Kong wardrobe murder accused did not tell partner about killing ex-girlfriend until she had his son
A Hong Kong man accused of murdering his ex-girlfriend did not tell his later partner about the killing until she had given birth to his son, a court heard on Thursday. That revelation at the High Court, from the accused Oscar Mok Chun-yin, prompted ... ( read original story ...)
HSBC first-quarter profit misses estimate, unveils $2 billion new share buyback
HONG KONG/LONDON (Reuters) - HSBC Holdings PLC (LSE:HSBA.L - News) posted on Friday an unexpected 4 percent drop in first-quarter pre-tax profit due to a surge in investments, missing estimates, and announced plans to initiate a new share buyback of up to ... ( read original story ...)
HSBC says quarterly profit dips, plans $2B share buyback
HONG KONG (AP) - Global bank HSBC said Friday it's launching its latest multibillion-dollar share buyback, as it released its first quarterly earnings report under its new chief executive, John Flint. The bank said that the buyback of up to $2 billion in ... ( read original story ...)
HSBC Plans $2 Billion Share Buyback as Profit Edges Down
HONG KONG—HSBC Holdings PLC’s first-quarter profit dropped 1.3% from a year ago as it set aside money for potential legal liabilities, including its role in the sale of mortgage-backed securities in 2007. Net profit for the January-March period stood ... ( read original story ...)
HSBC, Europe’s largest bank, announces a 4% fall in pre-tax profit
This targeted spending contributed to a rise in adjusted costs in the first three months of the year," HSBC's group chief executive, John Flint, said in a statement. The bank's Hong Kong-listed shares, a heavyweight on the benchmark Hang Seng Index ... ( read original story ...)
HSBC’s Hungry Lions Need Fresh Prey
That pricing advantage means loans made by HSBC will be more competitive, profitable, or both. But with its mortgage and developer loans in Hong Kong growing at 16 percent last year, and advances to customers in mainland China expanding by 22 percent ... ( read original story ...)
HSBC shares slide despite $2bn stock buyback
Traders were not impressed with HSBC’s $2bn share buyback, with the stock dropping as much as 2.7 per cent in Hong Kong on Friday as the bank revealed rising costs in its first quarter. HSBC said on Friday it would initiate the buyback soon — but that ... ( read original story ...)