HSBC soundly defeated a bid to break-up the bank and spin-out its lucrative Asian business at its annual investor meeting in Birmingham in England on Friday, but still faced a rebellion against its ...
HSBC defeats Asia spin-off proposal at investor meeting
Europe's biggest bank HSBC defeated a resolution from Hong Kong-based shareholders and backed by major investor Ping An to potentially spin-off its lucrative Asia business, the bank's chairman Mark ...
HSBC Shareholders Defeat Measure Aimed at Spinning Off Asia Operations
The outcome is a win for the bank in its fight with its largest stakeholder, the Chinese insurer Ping An, which argues HSBC isn’t taking full advantage of its profitable Asia unit.
Hong Kong well positioned to be a leader in green finance, technology, says Financial Secretary Paul Chan
As the city strives to achieve carbon neutrality by 2050, Paul Chan believes it is ‘well positioned to be a leader in Asia for green finance and technology.’ ...
HKSAR govt welcomes IMF’s affirmation of Hong Kong’s economic growth, financial stability
HONG KONG - The Hong Kong Special Administrative Region (HKSAR) government on Friday welcomed the International Monetary Fund (IMF) Article IV Mission's affirmation of the HKSAR government's efforts ...
Jack Ma’s Ant Eyes Stake Sell In Hong Kong Banking Unit
Alibaba Group Holding Limited's (NYSE: BABA) fintech affiliate Ant Group Co Ltd weighed selling a stake in its virtual banking unit in Hong Kong to win regulatory confidence for its impending initial ...
Mega Startup IPO Faces Serious Trouble
Some in Congress are calling for the SEC to block this company from going public unless it takes a big action.
Chinese tycoon Chen Hongtian in talks with banks to resolve ‘mild’ mortgage defaults on Hong Kong property worth US$1.27 billion
Talks on repayments are proceeding with banks and there are plans to sell a stake in a commercial tower, says Chen Hongtian, the chairman of Cheung Kei Group The three properties mortgaged with the ...
Chinese tycoon Chen Hongtian in talks with banks to resolve ‘mild’ mortgage defaults on Hong Kong property worth US$127 million
Chinese tycoon Chen Hongtian is in discussions with lenders to retrieve assets worth HK$10 billion (US$127 million) after a ‘short-term liquidity issue’ forced him to miss mortgage payments.
Hong Kong police seize dismantled Tiananmen protest statue
Hong Kong national security police seized an "exhibit" on Friday that has been identified by local media as a dismantled statue commemorating the deadly Tiananmen Square crackdown in 1989. Police said ...
Hong Kong police seize statue in “incitement to subversion” probe
Hong Kong police seized an exhibit on Friday in connection with what they said was an attempt to incite subversion, with media reporting it was a statue commemorating Beijing's Tiananmen Square ...
Chinese courier giant SF aims to raise up to $3 billion in Hong Kong listing – sources
China's largest express delivery company SF Holding Co Ltd plans to raise up to $3 billion in a second listing in Hong Kong as soon as later this year, in what would be one of the largest public ...
Video shows fans of Cantopop star Keung To, not mainland Chinese tourists in Hong Kong
A video has attracted tens of thousands of views in social media posts that misleadingly claim it shows crowds of mainland Chinese tourists in Hong Kong during an extended holiday weekend. In fact, ...
Hong Kong counsels seek better crypto protections
For lawyers in Hong Kong, addressing fears over the potential for digital assets to enable scams and fraud is a key concern. They are also helping the territory’s Securities and Futures Commission ...