The reshuffle comes as a prolonged slump in the property market in Hong Kong has proven to be a drag on Hang Seng’s loan book.
Hong Kong’s biggest developer Sun Hung Kai profit rises slightly as property market recovers
Underlying earnings, which exclude property revaluations, increased to HK$21.9 billion in the year ended June 30.
HSBC names Maggie Ng as Hong Kong CEO, predecessor to lead Hang Seng Bank
Asia-focused lender HSBC on Thursday picked insider Maggie Ng as the chief executive of its Hong Kong arm, succeeding Luanne Lim who is being appointed as the CEO of Hang Seng Bank .
Hang Seng Bank picks HSBC’s Hong Kong CEO as its new chief
Hang Seng Bank on Thursday appointed Luanne Lim, the chief executive at HSBC's Hong Kong arm, as its CEO, succeeding Diana Cesar. Lim will be appointed as executive director and CEO at Hong Kong-based ...
Hong Kong’s financial market booms, as stocks rally fuels sales of funds, bonds and others
Sales soared 40 per cent to a record HK$6.07 trillion in 2024, according to a survey by the Securities and Futures Commission and Hong Kong Monetary Authority.
Hong Kong Jury Convicts Three, Acquits Five in Anti-Terrorism Trial
A Hong Kong jury convicted three people and acquitted five others on Thursday over three bomb plots aimed at shutting the city's borders during the COVID pandemic in 2020. The defendants were accused ...
Hong Kong’s ‘Cassette King’ puts another luxury property for sale to pay debt
David Chan plans to sell a three-storey mansion at 51 Mount Davis Road on Hong Kong Island to repay debt, he says in a phone interview.
China’s ramp-up of belt and road investments plays to Hong Kong’s strengths: HSBC
City set for bigger role in green finance, offshore yuan as initiative shifts towards private sector-led projects, economist says.
Hong Kong’s funding costs look to be peaking, say analysts
“It looks like Hibor rates are peaking out,” said Samuel Tse, a senior economist at DBS Bank in Hong Kong. The increase in Hibor was “somewhat a result of overshooting due to the unwinding of carry ...
Hong Kong regulator fines Deutsche Bank for regulatory violations
The Securities and Futures Commission (SFC) of Hong Kong has issued a reprimand and a fine of $23.8m to Deutsche Bank due to multiple regulatory infractions. These breaches include the overcharging of ...
Adrian Cheng exits Chow Tai Fook director role, his last tie to Hong Kong family empire
The former heir apparent to one of the city’s most powerful organisations is now completely disassociated from the business.
Hong Kong court orders Foodpanda to pay HK$1.3m in damages to rider injured during typhoon
A Hong Kong court has awarded HK$1.3 million in damages to a Foodpanda rider who was injured after making deliveries when a typhoon signal was hoisted. Deputy High Court Judge Andrew Li ruled in ...
Zijin Gold said to plan $3 billion HK IPO in world’s biggest listing since CATL
Zijin Mining Group is planning to list its international gold-mining division in Hong Kong. The IPO could raise over $3 billion. It may become the world's second-largest IPO this year. Investor ...
Pope Leo XIV pledges commitment to Beijing-Vatican ties: Hong Kong cardinal
Cardinal Stephen Chow reveals details after meeting the newly elected pope for ‘an in-depth exchange on the situation of the Church in China’.