The People’s Bank of China (PBoC) and the Hong Kong Monetary Authority (HKMA) are planning to launch a pilot next year to link up the fast payment systems of mainland China and Hong Kong, according to ...
HSBC third-quarter results beat forecasts; bank dismisses rumours about unit spin-offs
Net profit rose 9 per cent to US$6.13 billion in the quarter that ended on September 30, exceeding market forecasts HSBC's new CEO dismissed rumours that the bank will spin off some business units, as ...
Hang Seng Strengthens Financial Collaborations in the Middle East In Partnership with Hang Seng Investment and Hang Seng Indexes Company
As the largest domestic bank in Hong Kong, Hang Seng is proud to be a part of the Saudi Arabia delegation, alongside the Honourable Paul Chan Mo-Po, Financial Secretary of the Government of the Hong ...
HSBC Sees Trading Boost in Hong Kong on China Stimulus Measures
HSBC Holdings Plc signaled stronger trading activity after China unveiled stimulus measures to spur its economy, boosting client transactions.
HSBC Pops Higher On Forecast-Beating Q3, New Buyback Programme
Revenue and profit beat projections thanks to strength at HSBC's Wealth and Personal Banking — and Global Banking and Markets — units.
HSBC’s third-quarter profit tops estimate, launches $3 billion buyback
HSBC Holding posted a 10% rise in third-quarter profit on Tuesday, beating analyst estimates, as its wealth and wholesale banking benefited from slower-than-expected rate cuts while it embarks on one ...
HSBC reports $8.5b pre-tax profit in third quarter
Structural overhaul – Last week, HSBC said it would simplify its structure and split into four distinct parts starting next year: Hong Kong, UK, “corporate and institutional banking” plus ...
HSBC, Ant test HKD cross-bank blockchain
Project Ensemble is the HKMA’s wholesale central bank digital currency (wCBDC) project aimed at fostering the development of tokenization in Hong Kong. Under the sandbox, companies can research and ...
HSBC UK Shrs Leap ~3% in Early Session, 0.3% Above HK Closing Price
HSBC (HSBA.L)’s UK shares jumped up 2.9% to GBX712.4 in early trading on Tuesday (29th), equivalent to HKD71.8, 0.3% higher than the Hong Kong closing price of HSBC HOLDINGS (00005.HK) today (29th) of ...
TOP NEWS: HSBC kicks off new buyback after third-quarter profit jumps
Reflecting "strong organic capital generation", Elhedery said HSBC intends to start a new USD3 billion share buyback, after wrapping up one of the same size last week. It plans to complete this new ...
Hong Kong’s ZA Bank Launches Pilot for Crypto Trading Services
Hong Kong's ZA Bank launched a pilot for its virtual asset trading service, aiming to streamline crypto trading for retail investors.
HSBC books 10% profit rise for third quarter, launches US$3 billion buyback
HSBC Holdings posted a 10 per cent rise in third-quarter profit on Tuesday (Oct 29), beating analyst estimates, as its wealth and wholesale banking benefited from slower-than-expected rate cuts while ...
HSBC to Buy Back $3 Billion Shares as Profit Beats Estimates
HSBC Holdings Plc announced a fresh multi-billion dollar stock buyback as it reported better-than-estimated earnings, days after unveiling a major overhaul of its businesses.Most Read from BloombergIn ...
Hong Kong’s secretary for financial services on regulating artificial intelligence
Christopher Hui, the Hong Kong Secretary for Financial Services, says that artificial intelligence is high on the agenda and that there is a need for right governance and oversight over its use in the ...