HSBC said Wednesday it achieved "record profit" in 2023 as pre-tax gains soared by nearly 80 percent, with the banking giant also announcing further share buybacks. The Asia-focused lender and its ...
Bank of East Asia cut its exposure to China’s troubled commercial property sector last year
Hong Kong’s largest family-owned lender said its non-performing loans in mainland China dropped by 0.47 percentage points to 2.68 per cent at the end of 2023 compared with the first half, as its ...
Hong Kong to close loophole allowing employers to avoid providing benefits to part-time workers
A labour regulation exploited by some firms in Hong Kong to avoid providing benefits to part-time staff will be revised after representatives of the city’s employers and employees reached a ...
HSBC’s shares slide as $3 billion China bank hit mars record profit
HSBC Holdings on Wednesday reported a shock $3 billion charge on its stake in a Chinese bank amid mounting bad loans in the country, sending the British bank's shares plunging and taking the shine off ...
Top Beijing official overseeing Hong Kong affairs to start 7-day trip to city on Thursday to gauge views on economic development, district governance
In the first two days of his trip, Xia is set to meet John Lee, principal officials and members of the Executive Council, a government insider says.
Cheap Chinese Goods Are Becoming a Costly Problem. Exhibit A: Hong Kong.
Shoppers are hopping across the border, where prices have dropped. Neighboring Asian countries could also be hit if Chinese companies dump their goods there among weak domestic demand.
Hong Kong market jumps in a mixed day for Asia-Pacific stocks; Japan business sentiment sours
Asia-Pacific markets traded mixed following Wall Street losses Wednesday, while investors assessed Japan's trade data and souring business sentiment among large manufacturers. Hong Kong's Hang Seng ...
Hong Kong developers urge government to remove all property cooling measures, make Hongkongers ‘happy’
Hong Kong developers have joined a chorus urging the government to remove all the remaining cooling measures to revive the property sector. Stewart Leung Chi-kin, who is the chairman of the Real ...
HSBC’s shares slide as record profit marred by $3 billion China hit
HSBC Holdings on Wednesday reported a $3 billion charge on its stake in a Chinese bank amid mounting bad loans in the world's second-largest economy, taking the shine off a record annual profit.Shares ...
HSBC slides 7% after annual profit misses estimates on China write-down
HSBC reported on Wednesday its full year 2023 pre-tax profit climbed about 78% to $30.3 billion from a year ago, missing median estimates of $34.06 billion from analysts tracked by LSEG.
Hong Kong scientists seek good fortune for endangered horseshoe crabs
Hong Kong conservationists on Wednesday began underwater tracking of endangered horseshoe crabs, which date back to before the dinosaurs, in a bid to help them survive the perils of modern life.
Hong Kong finance manager loses HK$17.8 million after investing in gold and cryptocurrency via sham platform
A finance manager in Hong Kong has been scammed out of more than HK$17 million ... a person claiming to be from Singapore and who had previously been the victim’s business partner. They then continued ...
Hong Kong’s game-changing New Capital Investment Entrant Scheme
The New Capital Investment Entrant Scheme aims to attract international talent and high-net-worth asset owners, and inject capital into the city’s economy, boosting business and investment ...
Hong Kong’s Hang Seng Index Jumps 3%
Hong Kong's benchmark Hang Seng Index jumped 3 percent, or 488.41 points, to 16,735.92, at the break Wednesday, according to the exchange's website.