NET PROFIT: HSBC is expected to report a 43% drop in net profit to $5.81 billion for the three months ended March from a high base a year earlier, according to a poll of analysts by Visible Alpha.
Goldman says China funds to buy US$110 billion of Hong Kong-listed stocks
Southbound inflows have reached US$78 billion this year, surpassing annual net purchases for most years, except in 2020 and 2024: Goldman.
Hong Kong’s Airstar Bank migrates operations to Tencent Cloud
Hong Kong-based Airstar Bank has fully migrated its operations to the cloud. Tencent Cloud revealed today, April 25, that Airstar Bank has fully moved to its cloud platform, successfully running ...
HKMA to help banks assess firms for trade financing by using cargo data
The initiative, called CargoX, would expand data sets and applications in the de facto central bank’s electronic platform – the Commercial Data Interchange (CDI) – in an effort to make trade financing ...
Hong Kong know-how can help mainland Chinese tech firms expand overseas, experts say
I&T sector lawmaker Duncan Chiu said the advantages for these mainland companies to come to Hong Kong lay in the city’s mature infrastructure such as data flow, intellectual property, logistics and ...
Destination Hong Kong: Middle East countries diversifying their investments
Hong Kong strengthens economic ties with UAE & Saudi Arabia, fostering investment flows and strategic partnerships. It is also boosting cooperation with the Middle East to drive investment.
Two new IPO listings in HK aim to raise US$270m
Two stock listings, launching in Hong Kong on Monday, are seeking to raise up to US$270 million. Hainan Drinda New Energy Technology is aiming to ...
Two Hong Kong listings to raise up to $270 million launch on Monday
China's Hainan Drinda New Energy Technology is aiming to raise up to $234 million in a Hong Kong listing, according to regulatory filings on Monday.
HSBC HOLDINGS Repurchases ~430K Shrs Last Fri in Total for $37.11M+
HSBC HOLDINGS (00005.HK) announced that it had on last Friday (25th) repurchased 432,800 shares of the company on the Hong Kong Stock Exchange at prices ranging from HKD85.05 to HKD86.1, with a ...
Hong Kong urged to act fast for Zhejiang tech firms amid US-China trade war
Hong Kong must act "fast and be agile" in providing tailored financial and professional service solutions to Zhejiang-based technology companies as ongoing US-China tensions continue to disrupt their ...
Why the London Metal Exchange’s Hong Kong warehouses matter to the city’s financial status
The development marks a pivotal step in strengthening Hong Kong’s position as a strategic commodities hub in Asia, industry leaders say.
UK fund manager Schroders to invest more in Hong Kong as trade war ups demand, CEO says
British asset manager Schroders will continue to expand in Hong Kong to tap Asia-Pacific’s fast-growing wealth-management and pension businesses, as its top boss believes market uncertainty brought on ...
Steady GDP growth expected for Q1: Paul Chan
Financial Secretary Paul Chan on Sunday said Hong Kong’s GDP growth in the first quarter is expected to remain stable. Writing in his weekly blog, ...
Xpeng-backed Breton, a maker of EV dump trucks, plans US$30 million Hong Kong IPO
Breton Technology, backed by Chinese electric vehicle maker Xpeng, plans to raise HK$234 million (US$30 million) from its Hong Kong initial public offering (IPO) amid tariff tensions that could affect ...