HSBC reported a pretax profit of USD 10.7 billion in the six months through June, up from USD 10.2 billion. Hong Kong: HSBC Holdings Plc said on Monday its pretax profit rose 4.6 percent for the first ... ( read original story ...)
HK stocks higher, HSBC climbs ahead or earnings
Hong Kong shares were higher at mid day today. The Hang Seng Index was up by, 0.70 percent 193.75 points at 27,870.07. Shares in HSBC Holdings (0005) gained by 1.52 percent to HK$73.40 ahead of earnin... ( read original story ...)
HSBC reports 6 per cent jump in second-quarter profits as it launches new strategy to boost its game
HSBC is one of three lenders that issue bank notes in Hong Kong. It employs more than 228,000 people in 67 countries worldwide and its shares are widely held by retail investors in Hong Kong. HSBC spe... ( read original story ...)
HSBC first-half profit rises 4.6 percent
HONG KONG/LONDON (Reuters) - HSBC Holdings Plc (HSBA.L) said on Monday its pretax profit rose 4.6 percent for the first half of the year, as Europe’s biggest bank showed early progress in its strategy ... ( read original story ...)
Standard Chartered Bank sees virtual bank licence as ticket to new business worldwide
Standard Chartered Bank sees its decision to apply for a virtual banking licence in Hong Kong – the first traditional bank in the city to do so – as opening up new areas of growth both in the city and ... ( read original story ...)
Big IPOs can’t save Hong Kong from trade war’s ‘very long shadow’
Stefan Hofer, chief investment strategist at LGT Bank in Hong Kong, said the local market has underperformed despite the city's solid economic and fiscal policy fundamentals. The problem, he stressed, ... ( read original story ...)
Top-5 Countries to Setup Blockchain Startups
In general, Germany has a well-developed financial regulation (though not an easy one), an advanced approach in regulation towards crypto, a welcoming banking sector, and a highly developed startup ec... ( read original story ...)
Hong Kong Defies Market Slump With Biggest-Ever Summer IPO Haul
Hong Kong IPO bankers aren’t getting much of a break this summer. The city’s market for initial public offerings is in the middle of its biggest summer on record, despite a slumping benchmark stock in... ( read original story ...)
Halcon Resources (NYSE:HK): Bank of America Keeps Neutral Rating Today, Has a Target of $6/Share
Bank of America now has a $6 PT on the $670.85M market cap company or 42.86 % upside potential. In a report sent to investors on 2 August, Halcon Resources (NYSE:HK) shares have had their Neutral Rati... ( read original story ...)
Chong Sing eyes virtual banking in Hong Kong
Online lending and payment operator Chong Sing Holdings FinTech is planning to acquire a licence to do virtual banking business in Hong Kong. The company is also planning to tap into the lucrative art... ( read original story ...)
The journey of a letter, from postbox to delivery – behind the scenes at Hongkong Post
In the age of email, e-banking and even electronic greeting cards, postal services are often dismissed as “snail mail”. But the operations of the 177-year-old Hongkong Post are far from obsolete. Ever... ( read original story ...)
Hong Kong to promote Chinese mainland’s fintech companies abroad
The place is really good for competition, creativity and innovation." According to d'Haussy, many Chinese mainland technology companies use Hong Kong to start their international operations. He cited ... ( read original story ...)
Los Angeles News: Mayor Garcetti Wraps Up Asia Trade Mission with Stops in Vietnam, Hong Kong
LOS ANGELES, CA – Los Angeles Mayor Eric Garcetti wrapped up a trade mission to Asia with stops in Vietnam and Hong Kong — for meetings with high-level government officials and business leaders focuse... ( read original story ...)
HSBC namesRosha asIndia CEO
The Hongkong and Shanghai Banking Corporation (HSBC) has appointed Surendra Rosha as Chief Executive Officer for HSBC India, the lender said on Monday. Mr. Rosha succeeds Jayant Rikhye, who is taking ... ( read original story ...)