HONG KONG -- Bad loans are ballooning at Hong Kong-listed HSBC Holdings and its majority-owned Hang Seng Bank as the financial hub's commercial real estate slump weighs on the banking sector.
Hang Seng Bank Shares Sink After Jump in Property Impairments
Hang Seng Bank Ltd., a Hong Kong lender controlled by HSBC Holdings Plc, posted a jump in impairments in the first half, as the city’s commercial property downturn continues to inflict pain on its ...
Hong Kong set for economic breakthroughs, Paul Chan tells foreign investors
Hong Kong will achieve new economic breakthroughs despite “complicated and volatile” external environment, the finance chief has said while unveiling the government’s first business report in four ...
Hong Kong weighs solutions for 2 hurdles to harbourfront accessibility plan
Plans to improve access to East Kowloon harbourfront could be disrupted by gas facility in To Kwa Wan, Green Island Cement Pier in Hung Hom.
HSBC first-half profit slumps 26% as China losses mount
Bank announced a new share buyback worth up to US$3 billion, on top of a US$3 billion programme announced earlier in 2025. Read more at straitstimes.com. Read more at straitstimes.com.
How a Chinese Brand Reshaped Hong Kong’s Food Delivery Scene
Meituan, the Chinese food delivery giant, tested its global expansion in Hong Kong, where its Keeta service displaced a rival before moving to other markets.
HSBC Bulls Retreat on Property, Rate Jitters Before Earnings
Wall Street bulls are turning cautious on HSBC Holdings Plc. before its results, as Hong Kong’s deepening property downturn added to their angst over geopolitical and economic risks.
Hong Kong stocks trade lower on disappointment over China-US trade negotiations
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Stablecoins inspire hope, and hype, in Hong Kong
Stablecoin excitement has gripped Hong Kong as the city prepares to launch a licensing system for the less volatile type of cryptocurrency, but authorities warn against overplaying its future role in ...
Hong Kong’s baby boomers flock to Greater Bay Area to afford retirement housing
A survey sponsored by BOC Life says 24 per cent of Hongkongers are willing to retire outside the city versus less than 5 per cent 10 years ago.
Asia Morning Briefing: SEC’s In-Kind BTC, ETH ETF Redemption Shift Happened Years Ago in Hong Kong
While the SEC never explicitly banned in-kind redemptions, ETF sponsors were required to remove them from early filings. The Commission favored a cash-only approach as a cautious first step, citing ...
Here’s the pitch deck smart contact lens startup Xpanceo used to raise $250 million and become a unicorn
Xpanceo raised a $250 million funding round, which elevates its valuation to $1.35 billion, as it pioneers smart contact lenses.
Hong Kong’s Stablecoin Ordinance takes effect on August 1, 2025, with a six-month transition window
The Hong Kong Monetary Authority (HKMA) will roll out a six-month transitional arrangement for stablecoin issuers already operating in the city, as the territory’s new Stablecoin Ordinance comes into ...
Hong Kong’s digital banking push pits tech newcomers against old-guard …
At least a dozen banks, fintechs and telecom firms are lining up to get a piece of Hong Kong's retail and small business banking market as the regulator prepares to award the former British colony ...