HONG KONG] HSBC launched a US$3 billion share buyback after reporting a 25 per cent fall in first-quarter profit on Tuesday (Apr 29), and warned of a possible hit to loan demand and credit quality in ...
HSBC sounds Trump tariff alarm, taking shine off Q1 profit beat and buyback
By Selena Li, Lawrence White and Sinead Cruise HONG KONG/LONDON (Reuters) -HSBC warned that loan demand and credit quality could suffer from the broader fallout of U.S. President Donald Trump's global ...
HSBC launches $3 billion buyback after Q1 profit drop, raises tariff alarm
HSBC launched a $3 billion share buyback after reporting a 25% fall in first-quarter profit on Tuesday, and warned of a possible hit to loan demand and credit quality in the face of U.S. President ...
HSBC sees up to $1.6 billion in loss on China bank stake reduction
HSBC said on Tuesday that its stake in Bank of Communications (BOCOM) will drop to about 16% from 19.03%, and it will book a loss of up to $1.6 billion as a result of the Chinese bank's fundraising by ...
HSBC Q1 profit drops 25%; launches US$3 billion buyback
The bank reported US$900 million in expected credit losses for the quarter to reflect heightened economic uncertainty. Read more at straitstimes.com. Read more at straitstimes.com.
HSBC set on US$3b share buyback as profit falls 25pc
HSBC launched a US$3 billion share buyback after reporting a 25 percent fall in first-quarter profit on Tuesday and warned of heightened business ...
HSBC Books 25% Fall in First Quarter Profit; Beats Estimates
HONG KONG (Reuters) - HSBC reported a 25% fall in first-quarter profit on Tuesday, beating market expectations, due to one time charges related to disposals of its banking business in Canada and ...
Seminar on RMB internationalisation held in Laos
Vientiane: The Bank of China (Hong Kong) Vientiane Branch hosted a seminar on the internationalisation of the Chinese currency renminbi (RMB), focusing on new opportunities and developments in ...
Hong Kong stocks rise as investors await earnings from HSBC, ICBC, China Construction Bank
US Treasury Secretary said Beijing has to take the first step in de-escalating the tariff fight with Washington.
Will America’s Volatility Revive Hong Kong’s IPO Market?
Hong Kong’s economic vitality has long been underpinned by the buoyancy of its capital markets. The city’s bourse was the world's top IPO venue seven times between 2009 and 2019, but it has failed to ...
Seminar on RMB internationalization held in Laos
VIENTIANE, April 28 (Xinhua) -- The Bank of China (Hong Kong) Vientiane Branch hosted a seminar on the internationalization of the Chinese currency renminbi (RMB), focusing on new opportunities and ...
Goldman Sachs raises 2025 southbound fund flow forecast, citing growing attractiveness of HK stocks
Goldman Sachs has significantly raised its 2025 forecast for southbound fund flows, raising the estimate from $75 billion to $110 billion, citing the growing attractiveness of Hong Kong stocks.
HSBC Expected to Post Lower Net Profit — Earnings Preview
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.