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Tag: ipo

Posted on 08/07/2024

Cut from a different cloth: the future of Hong Kong’s ‘24-hour’ suit

Hong Kong inherited its tailoring tradition from Shanghai after outfitters and their clientele fled there in the wake of the Chinese Communist revolution in 1949. The city’s subsequent reputation as a ...

Posted on 08/07/2024

HSBC Reportedly Intends to Further Explore Indian Affluent Diaspora Mkt

HSBC HOLDINGS (00005.HK) is testing a series of new products and services in an attempt to seize more business from India's wealthy expatriates, Bloomberg quoted people with th... HSBC HOLDINGS (00005 ...

Posted on 07/07/2024

Finance chief urges Cathay Pacific to raise service quality to boost Hong Kong’s aviation hub status

Hong Kong’s finance chief has told local flag carrier Cathay Pacific Airways to raise its service quality to help enhance the city’s status as an international aviation hub and expand its network to ...

Posted on 07/07/2024

Hong Kong fines DBS Bank $1.3m for money-laundering breaches

HONG KONG — The Hong Kong Monetary Authority (HKMA) fined the local arm of Singapore's DBS Bank HK$10 million ($1.3 million) for breaches of its anti-money laundering law, the banking regulator said ...

Posted on 07/07/2024

HSBC Buys back 3.35M Shrs for HKD231M in Total Ytd

HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 3.35 million shares of the company on the UK and Hong Kong markets yesterday (4th), involving a total of HKD231 mi... HSBC HOLDINGS ...

Posted on 06/07/2024

Hong Kong fines DBS Bank HK$10m for money-laundering breaches

The Hong Kong Monetary Authority has fined the local arm of Singapore's DBS Bank for breaches of its anti-money laundering law.

Posted on 06/07/2024

Hong Kong bridge half-marathon returns, bosses say food, water, delay issues resolved

When the inaugural 8,000-runner race on the bridge took place last November, participants were left frustrated by a lack of food during and after the event, a shortage of toilets and water and absence ...

Posted on 06/07/2024

HKMA fines DBS Hong Kong US$1.28 million after money-laundering investigation

The bank failed to conduct enhanced due diligence in high-risk situations in periods between April 2012 and April 2019, the HKMA says.

Posted on 06/07/2024

Hong Kong fines DBS Bank $1.3 mn for money-laundering breaches

The Monetary Authority fined the local arm of Singapore's DBS Bank HK$10 million ($1.3 million) for breaches of its anti-money laundering law, the banking regulator said on Friday.

Posted on 05/07/2024

Hong Kong bridge half marathon to feature food, more water, less waiting in 2025

Second edition to be held in January, and race chief says improvements have been made to address issues at the first race.

Posted on 05/07/2024

HSBC fined record US$3 million for use of ‘unauthorised’ agents in MPF recruitment scheme

HSBC, Hong Kong’s biggest lender, has been hit with a record fine of HK$24 million (US$3 million) by the pensions regulator for offering incentives to “unauthorised intermediaries” to get corporate ...

Posted on 05/07/2024

Hong Kong fines DBS for breaching anti-money laundering rules

The scrutiny by Hong Kong resembles that of rival wealth center Singapore, which a year ago fined four financial institutions over AML breaches, including DBS. The bank failed to continuously monitor ...

Posted on 05/07/2024

{Block Trade}HSBC HOLDINGS: 460k shares, or HK$31.31m

The deal amounted to HK$31.31m, or at HK$68.075 per share, 1.1% lower than previous close. HSBC HOLDINGS is now trading down 1.23% to HK$68, with 12.71 million shares of ...

Posted on 05/07/2024

BNP Paribas, UBS Show Interest in Buying HSBC’s Wealth Mgmt Unit in Germany – Report

Bloomberg, citing people familiar with the matter, reported that HSBC HOLDINGS (00005.HK) is considering to sell a number of businesses in Germany. BNP Paribas and UBS have expressed initial interest ...

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