Banking giant HSBC said Wednesday that pre-tax profits in the first half of 2024 came in at $21.6 billion, slightly lower than last year's record performance.
HSBC announces $3bn share buyback alongside slight half-year profit drop
HONG KONG -- HSBC Holdings on Wednesday announced a new share buyback program worth up to $3 billion as it disclosed a slight drop in its pretax profit for the first six months.
{Hot Stocks}HANG SENG BANK quoted at HK$98.35, down 3.3%
[ET Net News Agency, 31 July 2024] HANG SENG BANK (00011) fell 3.3% to HK$98.35, dipping below the 100-D SMA of HK$99.779. It hits an intra-day low of HK$98.2, and an intra-day high of HK$104. The ...
Hong Kong shares rise sharply ahead of Fed decision
Hong Kong stocks rallied sharply in early trading on Wednesday, with the benchmark Hang Seng Index rising 280 points - or 1.65 percent - in the ...
HSBC leads Hong Kong stocks rebound but market faces risk of second straight monthly loss
Hong Kong stocks posted early gains on Wednesday, lead by the city’s biggest lender HSBC which is scheduled to report its earnings later in the day. Still the market remains on track to register a ...
Daisy Tsang Appointed as CEO of HSBC Life HK
HSBC appointed Daisy Tsang as Chief Executive Officer of HSBC Life Hong Kong, with effect from 1 August, but it is subject to regulatory approval.~AAStocks Financial NewsWeb Site: ... HSBC appointed ...
Jiuyuan, Biokin, Transthera file for Hong Kong IPOs in July
Three Chinese biopharmaceuticals have filed for IPOs on the Hong Kong exchange in July alone, highlighting a potential “newfound positivity” to strengthen the HKEX IPO market in the second half of ...
$680B Shrs Transfer From JPM to HSBC in CCASS, Involving 1,400 Species; Move Likely Related to Biz Outsourcing
According to the Stock Exchange's Central Clearing and Settlement System (CCASS) record of holdings, JPMorgan's Hong Kong stock positions have been transferred out on a large scale this Monday (22 ...
Hong Kong’s Economy Is Now Risky Business
Hong Kong is no longer the freest economy in the world; now, it is emerging as a serial sanctions evader and hub for illicit finance.
Shenzhen sells biggest batch of ‘dim sum’ bonds in Hong Kong with 7-billion yuan issue
The fourth offering in the last four years, which will fund an array of infrastructure projects, brings total funds raised to US$3 billion.
HSBC Expected to Post 14% Drop in Second-Quarter Net Profit — Earnings Preview
NET PROFIT: HSBC is expected to post a 14% drop in net profit to US$5.72 billion for the three months ended June, according to a poll of analysts by Visible Alpha. That would compare with US$6.64 ...
Stock market today: Asian shares mostly fall ahead of central bank meetings
TOKYO -- Asian shares mostly declined in cautious trading Tuesday ahead of central bank meetings around the world. The Federal Reserve, the Bank of England and the Bank of Japan are holding monetary ...
Hong Kong’s Bitcoin Bombshell: Legislative Council’s Johnny Ng Reveals Plans for Crypto Reserves!
Bitcoin Reserves on the Horizon? Hong Kong's Johnny Ng is shaking things up, proposing Bitcoin as part of the city's financial reserves. Meanwhile, Trump is making waves with his bold plan for a U.S.
Hong Kong Takes A Step Closer To Enabling Stablecoins.
Hong Kong Takes A Step Closer To Enabling Stablecoins. Legal News and Analysis - Hong Kong - Asset Finance, Banking & Finance - Conventus Law ...