"This acquisition makes excellent strategic sense for our business in the UK," HSBC's CEO Noel Quinn said in a statement The deal, which has already been completed, excluded assets and liabilities of ...
Gross premiums of HK general insurance soar 4.5% in FY2022
The industry earned $64.6b. The Hong Kong Insurance Authority (IA) reported a 4.5% growth in the total gross premiums of the city’s general insurance business for the full fiscal year (FY2022) ended ...
After SVB failure, US acts to shore up banking system confidence
By Andrea Shalal, Howard Schneider and Pete Schroeder WASHINGTON/SINGAPORE (Reuters) - U.S. authorities launched emergency measures on Sunday to shore up confidence in the banking system after the ...
Hong Kong Firms’ Exposure to SVB Collapse Reaches About $200 Million; HKMA Steps In With Assurance
Beijing-headquartered biotech firm BeiGene, which had about $175 million in deposits at SVB was the worst hit among the Hong Kong-listed companies.
HSBC launches digital account opening service for foreign passport holders
To better support customers planning to move to Hong Kong and international citizens with banking needs in the city1, HSBC has introduced a new service for opening a Hong Kong bank account remotely on ...
HKMA monitoring Silicon Valley Bank fallout as Hong Kong-listed firms’ exposure reaches US$194 million
So far a dozen Hong Kong-listed firms have issued statements regarding deposits held at SVB, with BeiGene's exposure the largest at US$175.5 million A Post reporter who visited the US bank's Hong Kong ...
Over a dozen Chinese-based firms say they have minimal exposure to SVB
Over a dozen Hong Kong-listed companies have stepped forward to say they had little or no exposure to Silicon Valley Bank, the failed U.S. lender which has roiled investors and markets globally.
Hong Kong Filmart Opens Its Doors to a Post-Pandemic World
A surging local industry, and 700 exhibitors from all over the world, welcome the international industry back to Hong Kong after a long, three-year hiatus.
HK stocks open up as US officials move on failed bank
Hong Kong stocks opened slightly higher on Monday after last week's big losses, with traders cheered by US financial regulators' moves to support ...
Asian shares mostly sink on jitters after US bank failure
Asian shares have mostly fallen, shaken by a Wall Street tumble that set off worries the biggest U.S. bank failure in nearly 15 years might have ripple effects around the world ...
Link Group builds momentum in Hong Kong pension market with key executive appointment
Link Group's Retirement & Superannuation Solutions (RSS) business in Hong Kong has appointed Rebel Jones as its General Manager, Client Partnerships Asia. This ...
These Are the HK-Listed Firms Exposed to Silicon Valley Bank
Brii Biosciences Ltd. and Broncus Holding Corp. were among Hong Kong-listed firms that disclosed cash deposits at troubled US lender Silicon Valley Bank, with most emphasizing the amounts were ...
Nikkei and other Asian markets sink on jitters after U.S. bank crisis
Asian shares mostly fell Monday, shaken by a Wall Street tumble that set off worries the biggest U.S. bank failure in nearly 15 years might have ripple effects around the world.
Hong Kong to host world’s central bankers next week for Basel committee meetings as city shows it is ‘back to normal’
The Basel Committee on Banking Supervision will hold closed-door meetings ahead of the the HKMA-BIS Joint Conference 'We can show the world that Hong Kong is fully back to normal,' says Arthur Yuen, ...