HONG KONG, Feb 21, 2024 (BSS/AFP) - HSBC said Wednesday it achieved "record profit" in 2023 as pre-tax profits soared by nearly 80 percent, with the banking giant also announcing further share ...
HSBC Shares Tumble After Quarterly Loss
Global banking giant HSBC lost $153 million in the fourth quarter of last year, after writing down the value of its stake in a large Chinese bank. The bank’s Hong Kong-listed shares fell around 3.4% ...
HSBC full-year profit jumps 78%, trailing estimate
HONG KONG/LONDON, Feb 21 (Reuters) - HSBC Holdings (HSBA.L), opens new tab reported a 78% jump in full-year profit, a record high gain on high interest rates, but missed forecasts as it was hit by an ...
HSBC Slips To Loss In Q4, Banking NII Rises; Sees Weak Banking NII In FY24
In Hong Kong, HSBC shares were trading at HK$63.30, up 1.04 percent. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com. HSBC Holdings NewsMORE Related Stocks ...
China CITIC Bank International to open first ESG flagship branch in Tsim Sha Tsui’s Canton Road
First bank branch in Hong Kong to utilise solar glass panels in move to promote green finance HONG KONG, Feb. 21, 2024 /PRNewswire/ -- China CITIC Bank International Limited ("CNCBI") today announces ...
HSBC pre-tax annual profit misses estimates on impairment costs; bank announces $2 billion further share buyback
HSBC's full-year 2023 pre-tax profit missed analysts' estimates on Wednesday, hit by impairment costs linked to the London-based lender's stake in a Chinese bank. Europe's largest bank by assets saw ...
Hong Kong Is Over Unless China Fixes Its Own Economy, Roach Says
China must fix its economy and let Hong Kong run itself if it wants a better future for the financial hub, former Morgan Stanley Asia Ltd. chair Stephen Roach said, after a pessimistic column he wrote ...
Hong Kong’s population edges up to 7.5 million, second year of post-COVID growth
Hong Kong's population rose 0.4% to 7.50 million in 2023, boosted by a net inflow of returning residents and people on residential schemes, the government said, as the financial hub marked its second ...
Shoddy work, aggressive tactics: Hong Kong home renovation industry needs accreditation system makeover, consumer watchdog says
Hong Kong’s home renovation industry is in dire need of a widely accepted accreditation system, the Consumer Council has said, following an investigation that found the trade was prone to problems ...
Hong Kong bankers earn up to 46% more than their Singapore peers
Analysts make an average of US$92,149 (S$123,831) a year in Hong Kong, compared with US$63,305 in Singapore Read more at straitstimes.com.
Foreign interference public inquiry commissioner withholds almost all applications for standing
Yuen Pau Woo and former Conservative leader Erin O’Toole for standing, but not Green co-leader Elizabeth May, ex-Liberal aide Chauncey Jung or Alykhan Velshi, the ex-Conservative aide who later worked ...
[INTERVIEW] Global private equity firm sees opportunities in power generation, transport in climate sector
Korea expected to play key role in future global growth of renewable technologiesDuring the past decade, Hillhouse Investment, a major global private equity firm (PEF) with its assets under management ...
Hong Kong bankers earn up to 46 per cent more than Singapore peers
FINANCE and technology professionals are generally better paid in Hong Kong than in Singapore, with investment-banking analysts earning 46 per cent more than in the South-east Asian city-state, ...
Is Hong Kong ready for the ‘NewSpace’ race? As satellite firm eyes Greater Bay Area, experts say city needs plan or risks missing out on multibillion-dollar industry
City's first satellite manufacturer, Uspace Technology Group, expects half of the units it produces annually will go to the Greater Bay Area, to spur digital transformation Hong Kong can only take a ...