Hong Kong will roll out the red carpet to hundreds of top global bankers and finance executives in November a high-level financial conference to be hosted by the Hong Kong Monetary Authority (HKMA).
HSBC HOLDINGS’ Shr Price in London Last Leaps ~3%, ~1% Ahead of Closing Price in HK
HSBC HOLDINGS (00005.HK)'s 1Q24 results were in line with expectations, and share buyback increased to US$3 billion. The Company said that Chief Executive Noel Quinn will retir... HSBC HOLDINGS (00005 ...
Hong Kong’s monetary authority to replace ‘virtual bank’ with ‘licensed digital bank’ to boost public confidence
The HKMA plans to replace the term ‘virtual bank’ with ‘licensed digital bank’ in reference to the city’s eight branchless lenders to remove negative connotations associated with the term in Chinese.
Hong Kong Exchange Fund reports US$7 billion gain in first quarter thanks to rise in overseas stock investments
Hong Kong’s Exchange Fund, the war chest used to defend the local currency, continued its comeback in the first quarter, posting a return of HK$54.3 billion (US$7 billion) as rising overseas stock ...
Hong Kong’s moribund IPO market seen revived by deals from innovative, ‘unbelievably huge’ China companies: Citi
Hong Kong’s IPO market is healing and investors are returning, drawn by a generation of innovative, little-known companies that will also provide a rich vein of investment banking business for years ...
HK economy keeping up its momentum: FS
Financial Secretary Paul Chan on Sunday said Hong Kong's economy was maintaining its momentum. Writing on his official blog, Chan said the city’s ...
Ping An votes against reappointment of HSBC CEO as director, source says
China's Ping An Insurance Group Co, the biggest Asian investor in HSBC PLC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a ...
Hong Kong stocks gain 4.7% on the week led by technology, banking sectors; China policy support hopes swirl
A dovish US Federal Reserve and a gigantic share buy-back programme from Apple lifted Hong Kong stocks with sentiment remaining upbeat after China’s top policymakers signalled further support to ...
Concerns over HSBC Asian business spin-off resurface at annual meeting
LONDON/HONG KONG -- Concerns by shareholders of an HSBC split with Asia resurfaced at the annual meeting on Friday after HSBC Chief Executive Noel Quinn's abrupt resignation this week.
Geopolitical tensions and Covid crisis: Noel Quinn’s five years at HSBC’s helm
CEO is making a surprise exit after successfully slimming down the global bank and winning over its tough chair ...
Hong Kong introduces green finance taxonomy to boost city’s fundraising credentials
The Hong Kong Monetary Authority (HKMA) has issued a “green taxonomy” framework to help banks and investors determine the sustainability of economic activities, the de facto central bank’s latest ...
Hang Seng Insurance Introduces FortuneLife Deferred Annuity Life Insurance Plan with Enhanced Benefit to Support Stable Retirement
Leveraging Hang Seng Bank's local extensive network of online and offline banking channels, Hang Seng Insurance is one of the top players in Hong Kong insurance market, offering a diverse range of ...
HEDGE FLOW Global hedge funds chase Hong Kong stocks rally, UBS says
Swiss bank UBS said in a note Hong Kong market trends had changed in the final days of April, in contrast to that since February when most inflows came from short covering. As Hong Kong stocks rose, ...
False keypad, card reader found on Hong Kong bank deposit machine sparks warning for ATM users to be on alert
Police urged the public to remain vigilant when using ATMs. “They should pay attention to any abnormalities in the card slot, keypad and the keypad’s protective cover,” Mak said. Police said the ...