The group has received a bid of HK$9 billion for its K11 Art Mall in Tsim Sha Tsui from a subsidiary of China Resources Holdings, according to a local media report Hong Kong-listed New World ...
HSBC’s Next CEO Plans to Trim Middle Management to Save Costs
Georges Elhedery, is considering a significant organizational transformation intended to streamline the company’s operations, according to a Bloomberg report. After taking over as the new CEO on Sept.
HSBC wealth chief leaves as new CEO Elhedery shakes up team
HSBC's CEO of Wealth and Personal Banking, Nuno Matos, is resigning to pursue other opportunities, the Asia-focused bank said on Thursday as it unveiled a significant shake-up in its leadership team ...
HSBC’s new CEO Georges Elhedery shakes up senior staff to bolster digital, wealth business
Georges Elhedery, who starts on Monday, creates a group-level information officer role and names a new CEO for global wealth and personal banking.
Hong Kong Monetary Authority Opens Its Tokenization Sandbox and Major Institutions Dive In
The Hong Kong Monetary Authority opened up its tokenization "Project Ensemble" sandbox on Wednesday. Major institutions including HSBC and Global Shipping Business Network have already begun testing ...
China Market Update: Meituan Earnings & Jake Sullivan Meetings Lift Hong Kong Higher
Hong Kong’s most heavily traded stocks by value were Meituan ... real estate, up +1.86%, while financials fell -1.97%, energy fell -0.74%, and utilities fell -0.65%. The top sub-sectors were retailing ...
Guilty verdicts for two Hong Kong journalists charged with sedition
A Hong Kong court convicted two journalists of conspiracy to commit sedition Thursday, the first time members of the press have been found guilty of the offense since the city-state returned to ...
BOC HONG KONG (02388.HK) Proposes to Appoint EY as New Auditor
BOC HONG KONG (02388.HK) announced that the board of directors has resolved to propose the appointment of Ernst & Young (EY) as the company's auditor for FY24, subject to the approval of the ...
HSBC reveals senior leadership change ahead of new CEO next month
Matos' upcoming departure is one of several significant changes in its leadership on the eve of Georges Elhedery starting as the group's new chief executive.
HSBC head of wealth and personal banking to leave
Nuno Matos, HSBC’s head of wealth and personal banking who had been a leading contender to become chief executive, will leave the bank in a broader management shake-up as Georges Elhedery prepares to ...
Bank of America’s Leung Is Said to Join HK Tycoon Li’s CK Asset
Ken Leung, co-head of Bank of America Corp.’s financial sponsors group in Asia Pacific, has left to join Hong Kong conglomerate CK Asset Holdings Ltd., according to people familiar with the matter.
HSBC wealth CEO Matos steps down as bank unveils major executive shake-up
HSBC's CEO of Wealth and Personal Banking, Nuno Matos, is resigning to pursue other opportunities, the Asia-focused bank said on Thursday as it unveiled a significant shake-up in its leadership team ...
“A point of no return”: the fall of Stand News, Hong Kong’s once leading online media outlet
The Israeli military said on Thursday its troops killed five Palestinian fighters who were hiding inside a mosque in the West Bank city of Tulkarm, in one of the largest assaults on the occupied ...
Bank stocks drag China and Hong Kong shares lower
SHANGHAI: China and Hong Kong stocks dropped on Thursday, dragged by the financial sector following weak earnings at some lenders, and a correction in stock prices of some major state banks. China’s ...