Hong Kong-based Hang Seng Bank said on Wednesday Edward Cheng, chief of Wing Tai Properties, will succeed Irene Lee as the chairman of the board. Cheng is currently also the deputy chairman at Wing ...
HSBC to redeploy US$1.5 bln to Hong Kong, Asia from ‘low-return’ markets as CEO cuts costs
Hong Kong’s biggest bank announced US$2 billion in a share buy-back programme and 87 US cents per share in dividend.
Hang Seng Bank Delivers Strong Business Performance with Sustained Growth Momentum
Hang Seng Bank today is pleased to report its strong full-year financial results for 2024, showing sustained growth momentum.
HSBC’s Hang Seng Bank Posts Surge in HK Property Impairments
Hang Seng Bank Ltd., a Hong Kong lender controlled by HSBC Holdings Plc, recorded a surge in credit impairment on commercial real estate as the city’s economic struggles are starting to spill over on ...
Hang Seng enhances dementia-friendly services in branches
Each of its branches now has a trained dementia-friendly ambassador. Hang Seng Bank has enhanced its dementia-friendly services. All of its street-level branches now have a trained “dementia-friendly ...
Hong Kong remains an ‘open and vibrant market’ for crypto, says financial secretary
Hong Kong financial secretary Paul Chan Mo-po said the region will remain a “stable, open and vibrant market” for crypto.
Hong Kong issues nine digital asset platform licenses, plans more approvals
Hong Kong's financial secretary Paul Chan on Wednesday said the city's regulators have issued nine digital asset platform licences, adding that more approvals are in the pipeline. The government is ...
Hong Kong Banks Tap Most Funds Since 2019 as Stock Demand Soars
Hong Kong banks borrowed the largest amount of short-term cash in more than five years on Tuesday, as they sought to keep up with a booming demand for local equities.Most Read from BloombergWhy Barcel ...
Hong Kong Has 110 Active IPO Applications. Which Firms Have the Largest Market Share?
Capital markets lawyers hope the city's IPO market is rebounding, but some Big Law players have been squeezed out of the Hong Kong IPO pie.
Chinese Investors Buy Most Hong Kong Stocks in Four Years
Chinese mainland investors bought HK$22.4 billion ($2.88 billion) worth of Hong Kong stocks on Tuesday, as they continued to drive a DeepSeek-spurred tech rally in the city.
Hong Kong ‘crucial’ for promoting yuan’s growing role in international finance: officials
Already the world’s biggest offshore yuan hub, city’s role will increase as liquidity and uses expand, officials and experts say.
Hong Kong ‘crucial’ for promoting yuan’s growing role in international finance
Already the world’s biggest offshore yuan hub, city’s role will increase as liquidity and uses expand, officials and experts say.
China’s Sany Heavy Industry eyes US$1.5 billion Hong Kong IPO, sources say
Chinese manufacturer Sany Heavy Industry is planning a listing in Hong Kong that could raise up to US$1.5 billion, two people familiar with the matter said on Tuesday. The people could not be named as ...
China’s Sany Heavy Industry may raise $1.5 billion in planned Hong Kong listing, sources say
Chinese manufacturer Sany Heavy Industry is planning a listing in Hong Kong that could raise up to $1.5 billion, two people familiar with the matter said on Tuesday. The people could not be named as ...