Georges Elhedery, who starts on Monday, creates a group-level information officer role and names a new CEO for global wealth and personal banking.
Hong Kong Monetary Authority Opens Its Tokenization Sandbox and Major Institutions Dive In
The Hong Kong Monetary Authority opened up its tokenization "Project Ensemble" sandbox on Wednesday. Major institutions including HSBC and Global Shipping Business Network have already begun testing ...
China Market Update: Meituan Earnings & Jake Sullivan Meetings Lift Hong Kong Higher
Hong Kong’s most heavily traded stocks by value were Meituan ... real estate, up +1.86%, while financials fell -1.97%, energy fell -0.74%, and utilities fell -0.65%. The top sub-sectors were retailing ...
Guilty verdicts for two Hong Kong journalists charged with sedition
A Hong Kong court convicted two journalists of conspiracy to commit sedition Thursday, the first time members of the press have been found guilty of the offense since the city-state returned to ...
BOC HONG KONG (02388.HK) Proposes to Appoint EY as New Auditor
BOC HONG KONG (02388.HK) announced that the board of directors has resolved to propose the appointment of Ernst & Young (EY) as the company's auditor for FY24, subject to the approval of the ...
HSBC reveals senior leadership change ahead of new CEO next month
Matos' upcoming departure is one of several significant changes in its leadership on the eve of Georges Elhedery starting as the group's new chief executive.
HSBC head of wealth and personal banking to leave
Nuno Matos, HSBC’s head of wealth and personal banking who had been a leading contender to become chief executive, will leave the bank in a broader management shake-up as Georges Elhedery prepares to ...
Bank of America’s Leung Is Said to Join HK Tycoon Li’s CK Asset
Ken Leung, co-head of Bank of America Corp.’s financial sponsors group in Asia Pacific, has left to join Hong Kong conglomerate CK Asset Holdings Ltd., according to people familiar with the matter.
HSBC wealth CEO Matos steps down as bank unveils major executive shake-up
HSBC's CEO of Wealth and Personal Banking, Nuno Matos, is resigning to pursue other opportunities, the Asia-focused bank said on Thursday as it unveiled a significant shake-up in its leadership team ...
“A point of no return”: the fall of Stand News, Hong Kong’s once leading online media outlet
The Israeli military said on Thursday its troops killed five Palestinian fighters who were hiding inside a mosque in the West Bank city of Tulkarm, in one of the largest assaults on the occupied ...
Bank stocks drag China and Hong Kong shares lower
SHANGHAI: China and Hong Kong stocks dropped on Thursday, dragged by the financial sector following weak earnings at some lenders, and a correction in stock prices of some major state banks. China’s ...
Citigroup sees ‘confidence signals’ in Hong Kong IPOs amid backlog, bond market optimism
Hong Kong’s initial public offering (IPO) market is set to revive amid growing signs of recovery, including investor confidence embedded in the convertible bond market and a large pool of listing ...
HSBC HOLDINGS Buys back ~6.2M Shrs for HKD422M in Total Ytd
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 6.1955 million shares of the company yesterday (28th) in the UK and Hong Kong markets for a total of HKD422 million. Among which, HSBC ...
Hong Kong’s Top Undervalued Small Caps With Insider Action For August 2024
As global markets react to anticipated interest rate cuts by the Federal Reserve, Hong Kong's small-cap stocks are drawing increased attention from investors. In this environment, identifying ...