HSBC has been forced to give its shareholders a vote on a proposal by Hong Kong investors to require the bank to conduct a strategic overhaul, including a spin-off of the Asian business. The vote was ...
Hong Kong’s office glut to come under further pressure from Credit Suisse-UBS merger, analysts say
Big banks such as JPMorgan Chase, Bank of America and Citigroup have reportedly reduced staff in Asia including Hong Kong. And UBS's US$3.2 billion rescue of smaller Swiss banking rival Credit Suisse ...
Former Hong Kong leader CY Leung urges city to heed country’s call to keep up with digital economy developments
Former chief executive invites stakeholders to attend China's digital summit next month Innovation and technology sector must play their part in 'aligning Hong Kong with the national digital economy ...
Bank collapses are just the start of the world’s financial woes – indebted businesses will be next
These bank runs will be followed by an epidemic of corporate bankruptcies ... in the Association of Southeast Asian Nation members as well as China (including Hong Kong), Japan and South Korea since ...
HSBC tells investors to reject proposals by unhappy minority shareholders on dividends, restructuring
"A meaningful restructuring or spin-off of our Asia businesses would present material complexity, have high execution risks, take many years, and be very costly," HSBC said in a Hong Kong stock ...
HK’s status as global financial hub enhanced amid Western banking woes, ‘reaffirming confidence in city under One Country, Two Systems’
Facing the current turbulence of the external market environment, from the collapse of Silicon Valley Bank to the crisis at Credit Suisse, Hong Kong's financial industry has shown its unique ...
Dow is flat Friday as investors try to shake off latest bank sector concern: Live updates
Hong Kong Monetary Authority Chief Executive Eddie Yue said Hong Kong sees "little impact" from the fallout of the global banking sector turmoil. "I would say that the recent events in the U.S. and ...
HSBC moves China markets head to become adviser to Asia Pacific co-CEOs
FILE PHOTO: A pedestrian wearing a face mask following the coronavirus disease (COVID-19) outbreak, walks past a HSBC bank branch in Hong Kong, China February 22, 2022. REUTERS/Lam Yik BENGALURU ...
Hang Seng Bank prime lending rate unchanged at 5.625%
The HKD bonus interest rate was also unchanged. Hang Seng Bank has announced that its Hong Kong dollar prime lending rate remains unchanged at 5.625% per annum (pa). According to Hang Seng bank, Hong ...
Hong Kong Makes New Rules for Specialist Tech Firm Listings, Cuts Rev Threshold
HKEX raised $7.8 billion from IPOs last year, falling to the sixth largest listing venue globally from the third place in 2021. ($1 = 7.8495 Hong Kong dollars) (Reporting by Poonam Behura in Bangalore ...
Bank of China HK’s prime, savings deposit rate unchanged
Bank of China (Hong Kong) said that its Hong Kong Dollar prime rate and savings deposit rate will remain unchanged. Savings accounts with a daily account balance of HK$1m or above will enjoy an ...
Wealth managers ramp up staff in Hong Kong to chase Chinese demand
To tap such rapidly growing demand from mainland investors, HSBC Bank launched a pilot program to keep three Hong Kong branches, including wealth management centres, open seven days a week. The Hong ...
Hong Kong stocks trim weekly advance as HSBC, Meituan, builders stumble amid contagion alert, Fed outlook
Stocks are still on course for the first back-to-back weekly advance since January as money managers reload their funds Central banks continue to guard against a banking crisis after recent failures ...
Tencent, Alibaba lead Hong Kong stock gains on earnings tonic while HSBC erases drop as banks hold rates after Fed, HKMA act
The HKMA lifted its base rate to a 15-year high, while commercial lenders like HSBC are expected to hold their prime rates, most analysts predicted Tencent's fourth-quarter earnings surpassed market ...